The Economics of Human Resources Management: Hiring, Firing, and Reward Systems

HRM, HR

The Changing Emphasis of HR Decisions Despite the widespread impression that Human Resources is distinct from the other profit generating and economic functions such as Production, Sales, Marketing, and Core Competency driven work, the HR function is indeed driven as much by concerns over hiring and retaining the best talent as well as empowering and […]

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How HR Managers Must Address the Pay Disparities and Pay Gaps in Organizations

HR, HRM

While Pay Disparities are Natural, Biased Pay Systems are not In any organization, it is natural for different employees to be paid differently based on their abilities, seniority, experience, and value that they bring to the organization. Indeed, no organization can afford to pay all employees the same unless it is a Non Profit or […]

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The Increasing use of Contract Staff and Temp Workers in the Corporate World

HRM, HR

Hiring Temps and Contract Staff Of late, a trend that has been noticeable in the corporate world pertains to the increasing use of contract staff and temporary workers or temps as part of the organization’s operations. The trend that started a couple of decades earlier has now accelerated into a phenomenon where nearly 25 to […]

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How HR (Human Resources) Function Can Save Time by Automating Routine Tasks

HR, HRM

Automating the Recruitment Activities and Tasks Much of the work that the HR Function does is routine and repetitive in nature. Starting with the recruitment process, including training and development, as well as performance management, the work that the HR does consists of manual and routine tasks that can be automated and hence, save time […]

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The Importance of Data Driven Analytics and HR Scorecard Dashboards for Corporates

HR, HRM

Data, Data Everywhere, But No Insights Yet Corporates generate much data on a daily basis that can include everything from data about performance of employees, payroll metrics, production figures, outage times, and just about any conceivable functions such as Sales and Marketing, Admin, HR, and the like. Of particular interest to corporates, and that too […]

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Fixing Fraud and Biases in the Recruitment Process and Making it Fair and Transparent

HR, HRM

Why Fair and Transparent Hiring is Vital to organizations and What the Reality Is The recruitment process is an important element of the overall Human Resource (HR) processes and indeed, ranks as a key component in the overall organizational canvas. After all, being the gateway to the organisation, a fair and transparent recruitment system ensures […]

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