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Showing posts from November, 2023

Trends in Human Resource Management

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                                                                                                                                        Image 1 Introduction Over the last decade, technological advancements have greatly impacted HR practices and management, allowing for more technology-oriented companies. HR Trends AI-powered HR The human resource management industry will be significantly impacted by technology in the future. Artificial intelligence will continue to gain popularity in this field in the coming years. According to Gartner's survey on artificial intelligence, 17% of organizations already use AI-based solutions in their HR function, and anot...

Job Rotation and its contribution to Employee Growth

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Introduction The purpose of job rotation is to expose employees to various job duties, responsibilities, and departments within the company. The practice helps employees to acquire new skills, knowledge, and experiences while preventing boredom and burnout by providing them with different tasks. Job rotation involves regularly transitioning employees between different jobs to ensure they gain exposure to various departments and learn and improve their skill sets.                                                                                                  https://youtu.be/045SPUhPJ84 Benefits  of Job Rotation                                     ...

How HR can turn The Great Resignation into The Great Retention

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  Introduction In usual circumstances, a significant number of people quitting their jobs is an indication of a robust economy with an abundance of employment opportunities. However, the current situation is far from normal. The COVID-19 pandemic caused the biggest recession in the history of the US economy. And yet, employers are facing a severe shortage of labor. Amid easing pandemic restrictions, a record 3.6 million Americans quit their jobs in May 2021 alone, resulting in a staggering 10.9 million open positions by July end. The unprecedented wave of resignations and job hunting has been dubbed the "Great Resignation." Trends of resignation 1. Mid-career employees report the highest resignation rates The study found that employees between the ages of 30 and 45 have had the greatest increase in resignation rates, with an average increase of more than 20% between 2020 and 2021; While resignation rates fell for those in the 60-70 age group. 2. Resignations are highest in th...

International recruiting

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                                                      Image 1 What is international recruiting? International recruiting in Human Resources Management (HRM) refers to the process of identifying, attracting, interviewing, selecting, hiring, and onboarding employees from across the world. ‍ Why do Organizations go for International Recruitment? Organizations that don’t explore the global talent pool end up restricting themselves from endless global opportunities. Global recruitment is the very first step towards effective global expansion. Overcoming Local Talent Shortages Access to Specialized Skills and Diversity Multilingual and Multicultural Abilities Global Market Expansion Cost-Effective Solutions The international recruitment process Although the exact recruitment process can vary depending on the organization, the following steps are commonly inclu...

Secrets of a Happy Workplace

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                                                                             Image 1   Introduction Organizations are investing more resources into improving workplace happiness, including team-building exercises and fun consultants, and even Google's Chief Happiness Officer. (Spicer & Cederström, 2015; Tan, 2014). After all, the benefits are obvious. Happy workers enjoy what they do and work harder and smarter. Companies take fun, play, and satisfaction in the workplace seriously because they recognize the importance of happiness for productivity, staff retention, and employee wellbeing (McKee, 2014). How to Define Work Happiness Happiness, as a concept, is so slippery that, despite advanced tools for measuring emotions and predicting behavior, we still need to figure out precisely wha...

INNOVATION IN HRM

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  Introduction                                                                                                     Transform and Succeed HR Innovation refers to the process of implementing new and innovative ideas, methods, and technologies to better cater to the constantly evolving needs of an organization and its workforce. It involves anticipating future requirements and circumstances, rather than just reacting to the present situation. According to Shawkat Jahan, innovation involves introducing something new, original, and more effective, which eventually "breaks into" the market or society. Innovation and exnovation are two opposing concepts. While innovation refers to the development of new and novel ideas, exnovation refers to th...

LEARNING & DEVELOPMENT

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Introduction Investing in learning and development (L&D) can help bridge skills gaps, improve workplace culture, and increase employee engagement and retention rates. Moreover, it is increasingly being recognized as one of the most reliable ways for businesses to improve their ROI and overall profitability. According to Deloitte (2019), the development of new skills has become a top human capital trend. What is learning and develop ment? Learning and development is a structured process designed to improve an employee's skills, knowledge, and proficiency, leading to better job performance. Learning involves acquiring knowledge, skills, and attitudes, while development entails expanding and enhancing one's knowledge in alignment with their developmental objectives. The objective of learning and development is to improve the behavior of individuals or groups by sharing knowledge and insights that help them perform better at work or cultivate attitudes that enhance their perfor...