Author: yourhrtech
In a move aimed at transforming the human resources landscape for small and midsize businesses, Workday, Inc. (NASDAQ: NASDAQ:WDAY) and Insperity, Inc. (NYSE: NYSE:NSP) have announced an exclusive strategic partnership. The collaboration will focus on the development and marketing of a comprehensive HR solution by leveraging Workday’s technology and Insperity’s HR services. The partnership’s goal is to provide customers with a full-service HR solution that integrates Insperity’s Workforce Optimization service and Workday Human Capital Management (HCM). This offering is designed to manage the entire employee lifecycle and improve talent management, payroll, benefits, and compliance processes through a unified cloud-based system.…
A former HR manager with about 20 years of experience in recruiting who has also worked with Amazon recently spoke about the most shocking thing she ever saw in a resume. Lindsay Mustain has hired 10,343 employees and reviewed over 1,000,000 resumes but one resume that she came across in 2007 still haunts her. Mustain was working with Comcast at the time. She was looking for a candidate to fill a fairly entry-level call center role. As she was sifting through resumes, one in particular caught her eye. “I honestly have no idea what he was doing,” the former Amazon recruiter and now…
To meet the new demands of a boundaryless world, human resources itself should become boundaryless, shifting from a specialized function that owns most workforce responsibility to a boundaryless discipline, cocreated and integrated with the people, business, and community it serves. One where people expertise isn’t solely owned by HR, but where the people discipline in an organization becomes a responsibility and capability of all, woven throughout the fabric of the business to create multidisciplinary solutions to increasingly complex problems. Consider how the explosion of human and machine interaction demands close collaboration between HR and information technology. Chris Nardecchia, chief information…
Human resources (HR) has been the butt of many a joke in popular culture (see Toby from “The Office” on NBC), and has in my experience in real life been viewed alternatingly by employees as an annoying scold they get sent to for making impolite jokes; as the kindler, gentler smoke screen of the company’s more outwardly amoral (or immoral) top brass; or, in the best case scenario, the last refuge for employees dealing with workplace toxicity from managers or colleagues. But one thing is for sure, the demands on HR professionals are not slowing down, especially at a time when the workplace…
As the curtain rises on the year 2024, I believe we are standing at the threshold of a new chapter in work and employee experience. Against the backdrop of evolving business environments and regulations, and a global tapestry of talent, we shall see some transformative trends and shifts wherein the fundamentals of work, workforce, and workplace will be redefined. There will be close interplay of technology, agility, and commitment to inclusivity, underlined by a strong and enduring culture. Let us look at some key dimensions of the future of work and employee experience in the new year. Redefining HR as…
AI is not here to replace people, it’s here to make them more efficient.” It is crucial to reassure humans that the integration of AI is not intended to threaten job security, but rather to enhance efficiency in various aspects of the organisation. AI has permeated and improved nearly every facet, from manufacturing and distribution to operations and customer support. Consequently, the incorporation of AI in HR was an inevitable progression. A staggering 81% of HR leaders are now leveraging the transformative power of artificial intelligence (AI) to redefine their approach to talent management. No longer confined to mundane paperwork…
In today’s dynamic business landscape, the strategic utilisation of data has become integral to organisational success. Particularly for fast-growing companies, the journey from data to strategy takes centre stage, with a specific focus on Human Resources (HR) analytics. This exploration delves into the pivotal role of HR analytics in empowering high-growth companies to transition seamlessly from raw data to actionable strategies. To decode the impact of HR analytics in high-growth companies, People Matters hosted an insightful webinar titled ‘From Data to Strategy: HR Analytics for Fast-Growing Companies’ in partnership with Keka. Pavan Kumar, Director- Human Resources, Zeta; Saumya Khare, Senior Director, Moglix; and Varun Ramakrishnan,…
Amidst the ever-changing landscape of 2023, the Indian startup ecosystem experienced significant upheaval and evolution. Startups were actively involved in integrating new technologies, adjusting to updated regulations, and innovating their business strategies to stay efficient and competitive. Faced with these hurdles, companies displayed strategic agility by cutting costs and reallocating resources to key business areas. Simultaneously, many firms strategically bolstered their teams through focused hiring, showcasing resilience in the face of adversity. The shifting industry dynamics and workforce strategies are revealed through the sectoral movements observed by RazorpayX Payroll, the business banking platform of Razorpay. Analysing payroll data from April…
With the New Year underway, many businesses are reevaluating their HR software solutions to increase efficiency and effectiveness in the evolving HR management landscape. Gartner data highlights that businesses frequently replace HR software due to system inefficiencies, missing features, and reliability concerns. Key reasons for dissatisfaction include inefficiency (34%), insufficient functionality (29%), and unreliability (13%). In response to these challenges, modern HR software solutions are offering five new features designed to enhance efficiency within its software: AI-powered Applicant Tracking System : New AI-powered Applicant Tracking System (ATS) to streamline the traditional CV screening process, a major bottleneck in recruitment. This innovative feature allows…
According to the budget document for the fiscal year 2023-24, the government has allocated over 1 lakh crore to the Ministry of Education, emphasizing education and comprehensive skill-building for students. We anticipate a continuation of this trend, with a focus on holistic development that aligns education, employment, and health to foster a resilient and inclusive economy. Bridging the digital divide, especially in rural areas, and promoting online education initiatives are critical expectations. In the realm of employment, our expectations center around programs aimed at job creation, particularly in sectors affected by the pandemic. Skill development initiatives, aligning the workforce with…