Today, contract workers are prevalent in almost all industries and are unavoidable for many enterprises. However, certain hindrances with respect to compliance, safety and security issues, accidents etc., make the entire contract labour management process a complex subject for the human resource department. The absence of procedures to oversee and control the contract labour workforce from project inception to completion poses even higher risk in...
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Come December and you will notice most HR personnel’s managing HRIS systems become anxious about the year-end processing of leave accrual. There are many factors which contribute to this worry. Some are technical which can be easily managed with some customizations or modifications in the system to completely automate the set leave policies in the system, while some are due to long term attendance policies...
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As they say, “Employees are integral to an organization’s success.” Every company needs to take care of workforce management System. While taking care, it should not consume more time. Even today, a few companies are keeping records in spreadsheets, manually, Some of the disadvantages of manual workforce management System. Accuracy: It is difficult to maintain data accurately with the help of a spreadsheet. There are chances of wrong calculations. ...
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For companies large and small, the role of a Human Resource Executive may involve many different tasks while managing contract. The most important part of managing contracts at Fortune 500+ companies is not what you know about them—it’s what you don’t know that can cost you The most time consuming tasks when they have to deal with Contractor information, the record of contract keeping manually, resulting in lack of...
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The industry for contract labourers has been on the increase in the Indian market in the past few years. The proportion of contract labourers increased from 12% in 1985 to a substantial 39% in 2013. While the concept of hiring labourers on an hourly basis or for the accomplishment of a certain project is convenient and helps reduce the cost for manufacturers, keeping track of...
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Blue-collar employees are the workers who engage in labour-intensive jobs and typically work using their hands. They are commonly employed as mechanics, plumbers, structure workers, and electricians in companies pertaining to manufacturing, telecom, automobile, etc. Workforce Management in Blue-Collar Dominant Workforce Taking the example of factories, which employ a large number of manual labors-for them, workforce management is usually tough for obvious reasons. For starters, most of...
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This era belongs to the entrepreneurs, as the business industry is no longer under the monopoly of only a few particular corporates. The Internet has opened the doors of numerous possibilities, allowing a budding entrepreneur to reach a large number of people through social media and other forms of digital media. There are various reasons why so many people are leaving their cushy high-paid jobs for...
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The millennial generation, also known as “Generation Y” or “The Boomerang Generation”, includes those who are born between the years 1980 to 2000 and those who have turned adults around the turn of the 21st century. Authors William Strauss and Neil Howe are the ones credited for this terminology in 1987. This generation is unique for a number of reasons. Two of the prominent characteristics...
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The rebranding of a popular product is never an easy decision and is always undertaken after a lot of careful deliberation. The magnitude of the task is even greater when the branding effort carries over to the corporate brand as well. This is what is occupying our collective minds right now as we get set to transition from two of the most well-known names in...
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