Saturday 25 February 2017

IMPORTANCE TOOL FOR HR PROFESSIONALS & MANAGEMENT STUDENTS: HRM SOFTWARE

The HRMS Software market is ever evolving and growing fast. To put up with the varying needs of the businesses, HRMS software are now available both customized as well as company designed helping businesses, especially; SMEs in India.

Most small business owners or startup founders can check on employees by looking across at them from their desks or walking down one short hallway a small office space to pass their desks. But no. of employees & office space also grow as organizational grows. Than the simple task of keeping a check on employees become complicated.

That's where human resources (HR) software and management systems come in to picture. These HRM software help HR executives, HR information systems (HRIS) departments, and company owners track employee, where they're based, what they're doing, and & there performance.

What is HR Management Software?

HR software solutions are all about Recruitment management, Employee management, Shift management, Attendance management, leave management & payroll management.



 

HRM software HR professional or HR Students Should know:

As a Postgraduate in Management studies I have seen that 90% of Institutions do not provide any practice exposure of the related technology of the domains (like training for Various ERP software which are an integrated part of the respective domain). These software is not just about leaning course related things but if a student have working knowledge of these software it will directly helps them to get a Job (because you have a edge our the competition ).

There are many vendors who provide free trial version of software which an HR professionals or student can download to get practicle exposure of this HRMS software. Eg. BambooHR ,Zenefits Z2,SAP SuccessFactors, Perform and Reward, Namely, APS Online, OnDemand ,Deputy.

These software helps in :

Applicant Tracking

This category is about making sure company don't let their best candidates slip through their fingers because of mismanaged on boarding. The best AT tools let you follow your candidates from the first interaction until the day they leave your company.

Performance Management

Performance management is the one feature that is most associated with HR management systems. But, because there are several popular methodologies for measuring employee performance, software makers have devoted entire packages specific to this process.

Eg. SAP Success Factors Perform and Reward

HRMS Systems

Beyond all these different disciplines, HR software vendors add their own product mix Different module by different vendor offers modules for posting job openings and tracking applicants, running payroll, managing time-off requests, scheduling shifts, administering benefits, and setting performance goals and reviews.

Under HRMS category Payroll is altogether is a separate module. It is proved as an important tool for SMEs in India.Webtel Electrosoft Pvt.Ltd is a leading organization provides payroll software to thousand of clients Ranges from small to large Enterprise across the India.  


As per as SMEs is concern this software covers all the major aspects of HRM software’s like

•        Employee Management

•        Asset Management

•        Performance Analysis

•        Employee FnF Records

•        Leave Adjustments

•        Salary Calculator

•        Salary Breakup and Slip Generation

•        Appraisal Implementation

•        Taxation Management

•        Employee Arrear Management

•        Attendance

•        Employee Appraisal & Promotion


•        Relieving Process

Sunday 12 February 2017

Super Young Entrepreneur: Starting a Buisness when you are Under 18

Recently while reading an article about Suhas Gopinath (CEO and Chairman of Globals Inc, an IT MNC & once awarded youngest Entrepreneur at the age of 17), I come across the various challenges he has faced & how he our come the challenges at that time. Today, Global is a multi-million dollar company with offices in the United States, India, Canada, Germany, Italy, the United Kingdom, Spain, Australia, Singapore and the Middle East and has 100 employees in India and 56 abroad.

"Research showing that the average age of entrepreneurs is declining"

Some of the specific issues and challenges faced by entrepreneurs aged under 18

Entrepreneurs who are aged fewer than 18 faces some additional challenge as compare to those who are above 18 like: 

CHALLENGES :

  • Barriers to setting up a business bank account, accessing credit and raising business finance.
  • Legal status as a minor and the type of work that you can do
  • Balancing business with your education
  • The usual business headaches of registering your company, understanding tax etc

But all this issues stands nowhere if you have solid idea & burning desire to start your entrepreneurial journey.

SOLUTIONS :

Bank accounts and raising finance

People aged under 18 are legally considered to be a minor.
You can’t open a business bank account because for that you need PAN card & in India 18 years is the minimum age for person to Get a PAN card.
Unable to borrow money or have a credit card.

So if required then you need to raise finance from alternative source. This could be:


  • Getting a loan from a family member to fund your venture
  • Going into business jointly with an adult who is legally able to access finance
  • Get finance from enterprise funds, trusts or agencies

Now a day’s there are many business you can set up with very little finance. If you already have a computer and an internet connection in your house it’s possible to start up an online business with a little investment. A lack of finance doesn’t have to be a barrier to business success.





Balancing your business, education and social time

It is essential that you find a good balance between your business, your education and things such as seeing your friends and relaxing with your family.


 


A young age and a lack of experience:

Some time you might feel that your age could be a barrier & people you meet would not take you seriously. But the good news is that many people are impressed by young entrepreneurs and see it as a good thing; so as long as you manage yourself in most professional manner, other business people will take you professionally & seriously.
 
 


Ask for Help:
 
There are so many organizations that can provide you with practical business advice and even funding. There are huge information available about starting a business on internet. You can join communities & Forums from where you can get the answer of all your queries.
                                                                     

How Universities & Institutes can contribute:

Universities/Institutions can play a vital role to ensure a dynamic entrepreneurial economy in the near future - when our youth reach adulthood. Young generation aspire to be millionaires or billionaires but are unaware of the social responsibilities that can come with this too.

Getting these aspiring entrepreneurs to understand entrepreneurship as a means to social change and innovation rather than personal economic gains is important task , which can be taken care by a collective effort from media, education institutions and successful entrepreneurs."





Wednesday 1 February 2017

10 STRATERGIES TO PROMOTE YOUR BLOG : BEGINNERS GUIDE



Initially Blogging was used as a platform to share a person’s thoughts, feelings, opinions or experiences – an online journal or diary with a minimal following. Today it has grown into a platform used by millions; It reaches from individuals to businesses. In my opinion every business should have a blog. Actually blogging is the single most effective way to consistently drive traffic for free. That’s because good blog content can drive traffic from search engines, social shares, and references from other websites.

 A study done by Hubspot mentioned that:

“Companies that published 16+ blog posts per month got almost 3.5X more traffic than companies that published between 0 - 4 monthly posts.”

 

“Great Content is Key to success as per as blogging is concern. It’s not enough to just publish a blog post. It needs to be awesome. There are three ways to make your content Unique.”


  • Cover something completely new.

  • Do a better job covering your topic than anyone else.

  • Cover an existing topic in a new way.

However even you have awesome content blog promotion is very important to drive traffic to your blog. So here is some basic blog promotional stratergies:

10 Blog Promotion Strategies:

 

1. Share on Social Media

Every time you publish a new blog post, make sure you share it on social media. If you don’t already have a community or Group on social media, it’s time to start develop one. Don’t just share your content once, you can continue sharing it in the future.

 

2. Build an Email List

 

Build an e-mail List of people with Sharing common interest as yours (Related to topic of your blog), you can send link of your blog to this list. These people may also share your content on social media, expanding your reach.
Tip: You can search these people on comments, like & share of other similar article & blogs.

3. Guest Post on Other Blogs

There’s one another way you can tap into someone else’s audience. Publish a blog post right on their blog. Guest posting is a great way to get traffic back to your own blog. Write a blog post that is both relevant to the audience and relevant to your subject matter, with a link of your own detailed blog. 


4. Comment on Other Blogs

You can also use blog commenting to build relationships with other bloggers, and get in front of their audience. By a relevant & valuable comment you can get some serious audience who love to follow you as well.


5. Participate in Forums

Another place you can go offsite to promote your blog is forums. There are many forums where people interested to talk about specific topics. Similar to blog commenting, by participating in forum and putting your point of view, you can draw attention to yourself and your blog. 


6. Answer Questions on Quora

Quora is a place to ask and answer questions. Search quora for topics related to your blog post. When possible, answer questions and include a link back to your blog post for more in-depth advice.


7. Run a Contest

Running a contest is a great way to promote your blog. You can use a tool like Rafflecopter which helps you to host the contest right on your website or blog page. There are many ways you can get entries including blog comments, social shares, and email list signups. All will either drive traffic now or build your community so you can drive traffic later.


8. Post on Reddit

There is a huge community on Reddit that loves to spend time on  topic of interest. Find subreddits related to your blog post topic and start taking part. When you have a new blog post to promote, share it in a relevant subreddit. Start an interesting or helpful discussion, dp not just drop a link.
 

9. Be Active in Facebook Groups

Facebooks Groups are another excellent place to promote content. You’re need to be member of some Facebook groups related to your topic of interest. When you will read what people are saying, give you a good idea of what to write about & you’ll have an well set audience when you share your completed work. 


10. Acknowledging People

As a blog owner, it is easy to get stuck into a one-way flow. You talk and you imagine some anonymous number of people out there listening.

Communication is two way process. As per as blog is concern
  • You get people to talk back to you.
  • When they talk to you, you always acknowledge them.
Be an active part of the conversation wherever it happens to take place. If it isn’t on your blog comments, fine. Wherever it does happen, be there. To get people talking to you, you should ask questions, ask them to reply. Simply start conversations