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Major HR Trends Of 2018!

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The Human Resources department of a company manages the administrative tasks that involve employee compensation, benefits, education and motivation. From recruiting suitable candidates for the organization to identifying and meeting the training needs of existing staff and ensuring employee welfare and employee relations are positive, HR is responsible for a lot of crucial aspects.

The last year reiterated that there is no shortage of innovation and good ideas,1000 plus startups have been added to the Indian startup ecosystem and major startups went on a hiring spree! However, everything about Human Resources has been changing progressively including the hiring process, people analytics, the transition from paper-based to software systems etc. So what are the new trends that we can look forward to in 2018?

Reviews
One of the human resources trends that are expected in 2018 is continuous reviews and feedback regarding all work related issues. Through continuous feedback and review meetings and constructive criticism, managers are looking at improving their teams to give better results and increase productivity. Just like the customer experience teams optimize their journey with the company, this new drive will examine their employee journey map and optimize it for a better employee experience.

Digital is the way forward
With many companies hiring for posts such as the Chief Digital Officer and Chief Marketing Officer, the next step forward clearly is digital. In order to keep up with the constant tech innovations and usher in the tech era, organizations will be hiring or reforming digital leadership.

People Analytics
In 2018, more organizations would evolve a people analytics function to bridge communication gaps between team leaders and senior management. At the same time, teams will also be created to ensure the security and privacy of employee data, as well as coordinating people data to generate real actionable insight to support people decisions.

Fixed jobs no more
Flexibility will be taking over the fixed and defined job profiles with organizations looking at fixed qualitative and quantitative capabilities required for specific assignments. Teams will no longer be built on the basis of fixed jobs and profiles. Rather, the wishes, needs, capabilities and flexibility of the people will be taken into consideration as a part of the hiring process.

Artificial Intelligence
Artificial Intelligence and machine learning tools like GetLinks or Arya are going to be the new norm in companies. Artificial intelligence and machine learning will help in analyzing and transforming the existing data and help in basic repetitive HR tasks. The use of AI can help companies reduce bias, work more on employee relations and effectively lower the cost of recruitment practices and obtain candidates with the better fit.

With these trends in place, one can only hope for a better workplace for everyone in 2018, leading to higher productivity and greater employee loyalty. Let us know what are the trends you cannot wait for in 2018!

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How To

How To Set Your Financial Goals For 2019

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The year 2019 is upon us and is moving forward like a house on fire. With so many things happening and the world constantly moving forward, there are a lot of things to look at, especially when it comes to your financial services. As a startup, here’s how you can set your financial goals for 2019:

1. Review your goals

A lot can happen over the span of a year. Priorities can change, mindsets can change and your ideas about where you think your startup should be can change. You may have overshot your budget last year and you may not have properly planned for the year ahead. Take a look at all the things which happened in the past year and review the goals you set for yourself. It is vital to note that in order to stay fully prepared for 2019, you should have financial plans which are in sync with what your goals are going to be!

2. Take stock of the previous investments

When you are working on what to expect from the financial year from 2019, it is important to look at the kind of investments you made in the past. Make a note of the funding you received in the past and where you used the money. If you know you have enough funds to make do for the essentials, don’t go overboard with the frills. Cut back wherever necessary and with the the goal of securing your future investments, make a clear choice about what you want and need for your startup. This not only helps in figuring out your plans, it also helps in giving you a clear direction regarding where you need to go.

3. Manage your debts the right way

One of the best ways to get over your financial crunches is by learning how to manage your debts. It is daunting to look at your debts and see how much you owe people. Take stock of what your outstandings are and then start crossing each debt off one step at a time. The more money you owe, the scarier it is to look at how to grow and as you climb up the ladder, this is never a good idea.

4. Prioritize and get rid of the unnecessary

One of the primary ways to keep a track of your financial status is by looking at what is priority and what isn’t. If you’re paying for three coffee machines when you can actually make do with just one, get rid of the extra. If you need only 5 people in a particular team and have at least ten, then take a look at if you can work better with fewer people on your team. While it may be hard to make these cut throat and to the point decisions, the long term goals are satisfying and worth it at the end of the day.

5. Stick to your plans

Despite working on your goals, it isn’t easy to stick to your goals all the time. No matter what, hold yourself accountable for when things don’t go according to your plan. Stay true to what you want and what you need, so at the end of the day, you know you have done all that you could. Sticking to your plans is important, especially when it comes to achieving success later in life. When it comes to your startup, sticking to your plan needs to be taken care of without the shadow of doubt.

6. Have goals for the expansion of your business

The start of every financial year looks at how to secure cash for the growth of your startup. While some look at growth on a small scale level, others want to expand with leaps and bounds. Take into account which category you fall under and when you decide that, the financial aspects also fall into place. It is imperative to have goals and decide the kind of sacrifices which need to be made when it comes to turning your dreams to reality. Though the sacrifices may seem a bit much now, the end result is always going to be worth it!

When it comes to financial stability, you need to make sure you have all your eggs in order. What are some of the ways you stay financially stable? Comment and let us know!

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How To

How To Manage A Side Hustle While Working Full Time

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According to a recent study, 25 % to 50 % of the millenials have a side hustle while working a full time job. While your day job may be the one you really need to have, your passion to do something better than what you are doing right now drives you toward doing a side hustle. Balancing your career along with the side hustle can be a tricky task, especially when you don’t have the time to breathe. If you have the fire to achieve something beyond what you are doing, then this is how you could sort out the balance between your day job and side hustle.

1. Create a schedule

Often times, finishing all your tasks during your scheduled work day in itself can be quite a taxing process. If you add your side hustle to the mix, the situation can get all the more complicated. To help make your life easier, start your day by creating a schedule. Be it with a pen or paper or by using Google Calendar, working on your side hustle gets extremely easy when you know what to do through the day.


2. Make the most of the Pomodoro technique
The idea of the Pomodoro technique is, you allocate 25 minutes to every task and between each task, take a break of five minutes. By doing this, not only can you focus on the tasks at hand, but refresh your mind when you feel too overburdened. The Pomodoro technique helps in prioritizing the different tasks at hand and in streamlining your work process.


3. Keep a checklist always in sight!

Checklists are fun. Write down the things you have to do in a day and at the end of every day, start crossing out what you have finished and what is left. This helps in giving clarity of thought on what you have done through the day and the things you have to do for the next day. To help streamline the process, start carrying around slips of paper and have reminders on your phone to keep yourself updated about what is still to be done.


4. Don’t forget yourself

While you may try to stay sane, maintain your work life, manage to have a functional social life and stick to your side hustle at the same time, it is important to remember you have to take care of yourself first. Set limits for yourself in the number of things you can do in a day and the moment you think it becomes too much, take a step back. There’s no point in doing multiple things at the same time if you can’t take care of yourself, right?


Following your passion is important and when you are doing more than one thing at a time in life, maintaining the balance gets tricky. If you think we missed out on any other ways to maintain a side hustle and work on your regular job at the same time, comment and let us know!

 

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How To

How To Be More Productive At Work

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Have you ever thought 24 hours a day is too less to finish all your tasks on time? Have you ever thought there was too much to do and the time was just not sufficient enough to get through the day? If you have ever felt those things, then these tips are just what you need to make your workday better!

1. Stop multitasking

While you may think it’s alright to do more than a few things at the same time, try regulating your workflow to only one task at a time. To avoid spending time on unnecessary things, start focusing on individual things which will not only help in increasing your productivity, but will also help in streamlining your workflow.

2. Listen to music to set your mood

According to several studies, listening to music helps in organising your thoughts and keeping your brain centered. Music isn’t just about listening for entertainment, but for organising the various ideas and thoughts and helping you concentrate on your tasks better. Pick the music which best suits your mood.

3. Take breaks

Taking breaks is never a bad thing. Take regular, short breaks by either going for a short walk for a five minute breather in fresh air. If you’re stuck in a particular sticky situation, step away, regroup and take a moment to assess what’s happening. Breaks help in clearing your mind and in giving you clarity of thought.

4. Make use of the two minute rule

Not every day is going to be a productive day, but to make the most of your time at work, follow the two minute rule to do the most at hand. Whatever takes less than 2 minutes to do, do it now and cross that task off your list. Sticking to the two minute rule, try to make the most of the time by scheduling what you have to finish.

5. Kill the negativity

There’s a term which floats around in the business world called the Monkey Mind, which essentially signifies a mindset wherein you let the negative thoughts take over your mind. When you have too many negative thoughts running around in your head, write down what’s bothering you and think about why it is affecting your work process. Killing the monkey in your mind helps in decluttering so the more thoughts you get rid off, the more you can focus on your work.

6. Learn to say no

Remember, when you say yes to something inconsequential, you are losing out on the important things in life. Saying no to things doesn’t put you in a bad light. In fact, it helps in putting you across as someone who knows their priorities. Distance yourself from things you don’t have time for, thereby reducing the workload at hand.

Being consistent with your productivity isn’t an easy task and when you have your lists in place, it becomes easier to get through the day without trouble. If you have other ways to improve your productivity, comment and let us know!

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