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.
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.
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
• Employee Appraisal & Promotion
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
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.
- 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
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