PERFORMANCE APPRAISAL Oct 05, 2021 “Done right, performance review is one of the best opportunities to encourage and support high performers and constructively improve your middle and lower-tier workers” Performance appraisal is the process of periodic assessment of an employee’s job performance as a way to bring development in their career and to scrutinize if they are meeting the expectations set out by your organization. Appraisals are usually designed by human resources d

ATTENDANCE MANAGEMENT SYSTEM Oct 05, 2021 In any organization, the most complex function of HR is attendance and leave management . Monotonous activity of keeping track of leaves, holidays, overtime, and shift timings is time consuming. Is your company facing the same stumbling block? Attendance management system is here for your rescue. It is the most valuable tool used to track the number of hours an employee has spent working in your office.  It is the system you use to do

WHAT IS THE NEW WAGE CODE? New wage code is a consolidation of 29 labour laws into four labour codes: The code on wage, 2019 consolidates four labour legislations The Industrial Relations, 2020 consolidates three labour legislations The code on security, 2020 consolidates nine labour laws The occupational safety, hazard and working conditions code, 2020 consolidates thirteen labour laws As per the Code of Wages, 2019, Wage has to be made of at least 50% of the entire salary t

THE BENEFITS A PERFORMANCE APPRAISAL SYSTEM CAN BRING TO YOUR BUSINESS Feb 22, 2021 Businesses who wish to strive toward the overall improvement and growth of their organization may find that a robust performance management system can help them do so. These incredible tools ensure that all teams and individuals are working on their organizational objectives and goals as planned, resulting in increased overall productivity and increment planning. Employees can use the system t

A FEW STRATEGIC WAY TO IMPLEMENT ATS IN YOUR BUSINESS Feb 22, 2021 In several ways, introducing a good applicant tracking system will help you develop your recruiting processes. However, before your device can start working for you, you must first get it set up and running. The following suggestions from Wallet HR, one of the best HR Management Software in Banglore, can help you save time on implementation, allowing you to raise your hiring standards and reform your recruitme

THE EFFICIENCY OF HCM SOFTWARE IN TODAY’S BUSINESS WORLD May 04, 2021 Big data, analytics, wearable technology, the consumerization of applications, mobile-first, and BYOD are grabbing headlines in industry publications and analyst reports in the HCM tech market. What gets lost in the endless stream of buzzwords is the unavoidable fact that features based on these trends are rapidly becoming commodities. The interesting fact about these developments is that they're leading t

WHY CHOOSE WALLET HR FOR YOUR BUSINESS? Apr 09, 2021 HR is a sector that is continually developing and expanding. As a result, keeping pace with trends allows you to set new goals that will help you fulfill future needs. Human resource management has become increasingly reliant on technology, with automation replacing manual intervention in all areas of HR management. All HRMS modules have been simplified at the convergence and centralized control of an end-to-end Human Resou

THE REASON FOR INCREASE IN DEMAND OF ePAYROLL! Mar 20, 2021 ePayroll is a smart program that provides anything from a standard wage calculator to an attendance tracking system with compliance tools, and it's one of the easiest payroll software solutions on the market these days. It can be a very useful and inexpensive solution for owners of small and medium-sized businesses in India. Its ability to set up employee portals and dashboards can make HR and accounting personnel's

Feb 22, 2021 We all know that when they are impartial, humans are good decision-makers. There are moments, though, when they give in to sentiments, opinions, attitudes, etc. Decisions taken under such control will harm the ROI and growth of the company. This is where People Analytics comes in. It can be defined as the process of using data trends that help improve efficiency and decision-making. It helps to quantify the effect of HR metrics on company performance, such as ret

On premise vs Cloud: Choosing the right HRMS Jan 15, 2021 An HRMS empowers an organization to enhance its strategic results and long-term business performance by automating a range of repetitive HR operations. Ease of access and speed of installation On-premise HRMS works on in-house installation with necessary hardware and a skilled IT team But cloud HRM can work on lack of budget or skills for installation. Business size, flexibility, and capitalization of investment For bu

THE IMPORTANCE OF HR ANALYTICS FOR THE GROWTH OF AN ORGANIZATION Feb 2, 2020 The global market state being upset with imbalances has led to careful spending habits among organizations. With a large piece of a company’s cost assigned to human resources, the HR departments across corporations are adopting analytics process to implement better decisions. When used strategically, human resource analytics(HR Analytics) can alter how HR operates, giving the team insights, and enab