Effective management of the expenses of a business is one of the most significant steps towards profit, and the evolving needs of the enterprises today call for an automated approach towards expense management. In other words, the age-old manual process of expense management is no longer relevant...
Read More 43% of organizations find the management of employee travel and expense a challenge. – PayStream
Employee travel and expenditure management is developing as one of the biggest difficulties for businesses today, given the surge in business travel. One of the causes that has contributed to the...
The General Data Protection Regulation (GDPR) came into effect from 25th May 2018, and the new set of regulations were formulated for assured privacy of user data in the European Union countries. However, the GDPR is applicable to countries beyond Europe as well, and it is applicable for any...
Read MoreOne of the many responsibilities of the HR department is to manage the data of the employees, which includes sensitive personal and professional details of the employees. This data is under constant threat of being misused, which implies that even the highest levels of data security alone is not...
Read MoreWhat is the role of an HR software? Well, today the HR department in every organization has multiple responsibilities, which are way beyond just managing employee leaves or processing the payroll. With hundreds and thousands of employees in organizations today, and many enterprises spread across...
Read MoreBusiness travel, also referred to as corporate travel, is an important aspect of every company's operations. As businesses become more global, with headquarters in different places throughout the world, the demand for business travel will only increase. While the advent of Covid-19 has put a stop to...
Read MoreTalent management is a term used to refer to the strategic means of hiring, developing, and maintaining a company's resources as well as improving their performance. One of the most important functions of Human Resources is talent management, which is frequently integrated into a larger corporate...
Read More Consider this:Only 36% of organizations are implementing resource allocation in the most effective way possible.
This data by Statista shows that effective resource allocation is indeed a challenge for most enterprises today. Before we look at the challenges of allocating resources and the...
One of the most key metrics in an employee's success is productivity, and businesses have long sought ways to efficiently quantify employee productivity. Managing the productivity of hundreds of employees via a manual paper-based system based on spreadsheets, is not a good idea due to the time and...
Read MoreLet’s have a look at some statistics:80% of timesheets have to be correctedOne in three timekeeping methods are outdatedThe above statistics by Wagepoint clearly indicate that timekeeping is a cause of concern in many enterprises across the globe today. This data is from the pre-Covid era, and it...
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