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‘Contingent workforce’ is a broad umbrella term often used to describe a labor pool made up of people in various employment categories who may be engaged by companies for a fixed period, type of work, or set project only. Modern businesses increasingly have both a contingent workforce and permanent staff on indefinite contracts, and experience the advantages and disadvantages of both models.
A contingent workforce is a labor pool whose members are hired by an organization on an on-demand basis. A contingent workforce consists of freelancers, independent contractors and consultants who are not on the company’s payroll because they are not employees of the organization. Organizations can hire a contingent worker directly or from a staffing agency.
What is contingent workforce management (CWM)?
When it comes to talent acquisition and management, there’s no doubt that the word ‘contingent’ has become a synonymous workforce term. Never before have we experienced the level of flexibility in work that we’re facing now. The gig economy and the use of contingent workers have grown exponentially in recent years — a trend which has certainly been accelerated by the global pandemic. In line with this evolution, the need for an efficient contingent workforce management (CWM) program has become more critical than ever before for all organisations.
What is Workplace Collaboration?
Workplace Collaboration: It occurs when a group of people come together, share their knowledge and expertise, and get work done efficiently. Workplace collaboration aims to improve communication, create a healthy and judgment-free work environment, and facilitate the free flow of information across the organization, and leads to increased productivity and employee efficiency. In its essence, collaborating and getting things done is workplace collaboration. This may include the use of workplace technologies like apps, tools, procedures, software, processes, or an entirely new methodology of getting work done.
Importance of Collaboration in the Workplace?
The Internet has changed the workplace forever. Today we have technology, and the digital workplace has revamped how businesses are being operated and how teams work on a global scale. Laptops, smartphones, tablets, and cloud technology have given rise to remote working and allow teams to work more efficiently.
Why is collaboration in the workplace important? — Every individual has different skills, talents, and expertise. When all the team members collaborate, they can utilize their knowledge, skills, and experience to achieve the shared goal. Collaboration also helps in tracking project deliveries as employees combine their expertise to get things done in the workplace. It also allows employees to share their ideas while understanding how they think, work, and operate. This in turn, can be mutually beneficial for employees as well as the organization.
What is Talent Assessment?
Talent Assessment — In a nutshell, talent assessment is a process that companies use to identify which candidate will perform the best, and be the right cultural fit. It aims to predict a new hire’s on the job performance, as well as their retainability in the long term. Assessing your candidates is typically done in the pre-screening, interviewing, and post-interviewing phases of the hiring process. Candidates are tested against specific criteria and skills that the company has flagged as being critical to success in a given role.
The need to attract top talent has fostered immense competition and innovation among companies. Thus, organizations spend inordinate sums to onboard candidates to meet their hiring goals. However, onboarding the wrong individuals for the right jobs is detrimental not only to the organization’s interest but also to the employees and their team members.
How do talent assessments work?
Talent assessments help employers prioritize which candidates to interview and how. A talent assessment platform, generally known as an online assessment platform, provides HR managers and recruiters with a fully integrated assessment solution to help them screen misfits from a vast applicant pool early on in the process. Talent assessment tests can be administered online on a powerful cloud-based platform, which is secured with advanced proctoring technology.
What comes to mind when you hear ‘employee wellness’? Employer subsidized weight loss programs? Exercise classes? Employee health evaluations? What’s behind employee wellness and how does it achieve its objective?
What Is Employee Wellness?
Employee wellness is built on the premise that healthy employees have a positive impact on the bottom line in many ways. ‘Healthy employees’ leads to ‘Happy employees’ and often translates to ‘Engaged and Productive’ employees — which is good for business.
What are Employee Wellness Programs?
Employee wellness programs are programs undertaken by an employer in order to improve employee health and also to help individual employees overcome particular health-related problems. The employer can offer compulsory employee training, staff seminars, or even work with a third-party provider offering a variety of wellness programs.
Benefits of Employee Wellness Programs — Even though the advantages of an employee wellness program may be hard to see at first glance, employees who are healthy usually bring a range of benefits to other employees and to the companies they work for. Here are some of the benefits of an employee wellness program.
What is Employee Engagement?
Employee engagement is the strength of the mental and emotional connection employees feel toward the work they do, their teams, and their organization. Employees who feel connected to their organization work harder, stay longer, and motivate others to do the same.
Employee engagement affects just about every important aspect of your organization, including profitability, revenue, customer experience, employee turnover, and more. Research shows that 92% of business executives believe that engaged employees perform better, boosting the success of their teams and the outcomes of their organizations.
Why is employee engagement important?
Research shows that employee engagement initiatives make people more inclined to work harder and solve problems, grow and develop faster, get along with people better, and stay longer at a company. All these factors have a measurable business impact, and contribute to organisational success.
The terms engagement and job satisfaction are often used interchangeably. However, research has revealed that although there is some overlap in the drivers of engagement and satisfaction, there are also key differences in the components that determine each. Some experts define engagement in terms of employees’ feelings and behavior. Engaged employees might report feeling focused and intensely involved in the work they do. They are enthusiastic and have a sense of urgency. Engaged behavior is persistent, proactive and adaptive in ways that expand the job roles as necessary.
What is employee experience?
Employee experience is a worker’s perceptions about his or her journey through all the touchpoints at a particular company, starting with job candidacy through to the exit from the company. The company’s physical workspace, culture and technology are all important components of the employee experience, which is often abbreviated as EX.
Just as customer experience (CX) is the catch-all term that covers all consumer experiences with a brand, EX covers any and all employee experiences at an organization. Essentially, employees are now seen as the “customers” of an organization. This is particularly true in departments that are responsible for elements of company culture, like communications, HR and IT.
Why is employee experience important?
Designing a powerful employee experience isn’t simply a box to check for the HR team — it can also have a significant impact on many aspects of an organization. Company leaders recognize this influence, which is why nearly 80 percent of executives rate employee experience as very important or important. Below is an overview of areas that are affected by employee experience.
The most successful organizations attract and retain top talent. When the economy is good, the competition for top talent is highly competitive and the need for effective talent acquisition and retention grows. During difficult times, such as the COVID-19 pandemic and recession, attention to employee experience can help companies become more competitive and prevent the worst repercussions.
HRMS — An HRMS enables a company to fully understand its workforce while staying compliant with changing tax laws and labor regulations. An HRMS, or human resources management system, is a suite of software applications used to manage human resources and related processes throughout the employee lifecycle.
What is HRMS?
What is HRMS and how it works? An HRMS, or human resources management system, is a suite of software applications used to manage human resources and related processes throughout the employee lifecycle. An HRMS enables a company to fully understand its workforce while staying compliant with changing tax laws and labor regulations.
Why HRMS is important?
Companies with overstretched human resources departments should be rolling out self-service capabilities. There’s no reason for an HR specialist to spend time assisting a manager with routine updates to hours worked, for example, or helping employees access forms like W-2s.
HR Administration
If your business is experiencing gaps in your HR Administration function , our team can immediately step in to help. We have several layers of backup in place to ensure your employees continued to be supported and HR compliance standards continue to be met.
HR Core administration is the critical foundation that human resources professionals need to improve recruiting, payroll, benefits and compliance. Explore news, articles and guides on choosing payroll software, using people analytics, safeguarding employee privacy, implementing HR technology and other tasks important to people management.
HR analytics, also referred to as people analytics, workforce analytics, or talent analytics, involves gathering together, analyzing, and reporting HR data. It enables your organization to measure the impact of a range of HR metrics on overall business performance and make decisions based on data. In other words, HR analytics is a data-driven approach toward Human Resources Management.
By using people analytics you don’t have to rely on gut feeling anymore. Analytics enables HR professionals to make data-driven decisions. Furthermore, analytics helps to test the effectiveness of HR policies and different interventions.
Human resources plays many roles in a company. The department manages employee relations, talent acquisition, payroll, onboarding, and much more. One more duty of HR is talent management.
Talent management naturally encompasses many of the responsibilities of HR. All the same, it is not enough to expect that just because you have an HR department, you are managing talent. Talent management is a constant process that involves attracting and retaining high-quality employees, developing their skills, and continuously motivating them to improve their performance.