The Microsoft 2021 work trend index revealed that 41% of the global workforce is considering to resign this year. Covid 19 has brought about enormous changes in nearly every aspect of human lives. Industrial sector is not left behind. It introduced the Work from Home system, isolated people from their colleagues, gave them a chance to reconsider their goals in life, follow their hobbies and learn new skills. It is worth mentioning that the number of people trading in cryptocurrency has gone....

Organizational efficiency is the most important element for the success of any business. Any business owner would prefer to effectively utilize the existing but limited resources at his disposal including time and money to achieve the common business objectives.    Payroll is a very important process for every organization but it is also a non-core function that can be really mundane and time-consuming. Moreover, the laws and compliances related to taxation and labour laws are prone to change,....

MSMEs form the backbone of any developing economy like India. According to the MSME Ministry’s FY19 annual report, there are about 63.05 million micro industries, 0.33 million small, and about 5,000 medium enterprises in India. Today, MSMEs employ about 110 million people across the country in different sectors and industries.   Like MSMEs, Startups also contribute to economic development by generating employment and spurring innovation and injecting competition in the country. Initiatives like....

  COVID 19 has changed the way the organizations are working now and working remotely has become a new norm. It has also changed the way employees interact within their teams.   We all know that effective communication plays a vital role in a team's success. With the team members working remotely, even the most experienced manager may face challenges in managing his team.    While effective team communication creates awareness and understanding ensuring higher productivity, the use of the right....

The COVID-19 pandemic has resulted in the unexpected workplace shift from offices to remote working at home, which is now being defined as the “New Normal”. While many companies did have Work from home culture in the past, this sudden shift of only working from home has given rise to some new challenges for the employees.    Although employees do have the comfort and safety while working from their own homes, all the euphoria related to this idea is now gradually fading away. It seems adapting....

A recent study says that the staffing industry in India has grown at a rate of 20-25% per year, and since continued to rise tremendously. Organizations are resorting to outsourcing recruitment via numerous staffing firms. The companies are seeking the ideal mix of permanent and temporary staff to cope up with the increasing competition and growing business needs. The temporary staffing firms retain workers and supply temporary workforce to other companies for specific assignments.   According....

Blowing your own trumpet at workplace may no longer get you an extra point on your performance sheet, so just turn down the volume a bit. A flashy and braggadocio behaviour, which may have helped boost an individual's career, is unlikely to win many friends in office. Humility is making a quiet entry as one of the virtues at workplace with some companies including it as a key behavioural trait in the performance management system.  The $1.3-billion Piramal Group has included humility as one of....

Nearly 80 per cent of working professionals in India complain that they suffer from stress and their organisations don't have any programs to manage stress at work.  'Workplace stress' or 'occupational stress' is identified as a medical hazard, which has serious physical and psychological implications on individuals' wellbeing.  Every working professional- regardless of age, experience, gender and profile has felt the pressure of work-related stress at some point in their career, says a new....