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Major HR Trends Of 2018!

Ramya GovindRaj

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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 Talk To People You Cannot Avoid

Smruthi Kishore

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How To Talk People You Cannot Avoid,Startup Stories,Startup News India,Talking to Someone Everyday,4 Ways to Talk People You Cannot Avoid,How to Avoid People,Small Talk,Small Talk at Work,Situations Stories

There is always that one person with whom you do not know how to break the ice. Even the most out going person could find it difficult to speak to strangers. However, every workplace has different people and sometimes, it just comes to a point where you have no choice but to initiate conversation; also known as small talk!

1. Begin with an anchor 

An anchor is essentially the starting point of every random conversation. It helps to set the tone and gives you an idea of what the other person is thinking. I usually start off with something like, “Oh, the weather is so nice today, I do not feel like working!” The best part about these openers is both you and the person to whom you are talking to know the statement is for the purpose of small talk and the awkward ice can be finally broken!

2. Reveal something about you 

The best way to fill the gap in those minutes where the conversation becomes awkward is to say something like, “this job is quite exciting. I have not done such a challenging role before!” When your colleague knows the struggle is real, the conversation flows easily and quickly.

3. Listen 

Listen, because it is important. When you say some of those superficial line fillers, you never know what kind of a conversation it may trigger. For instance, I had a bad day at work and a colleague happened to ask me how I was. In all fairness, the question was just a simple opener. I took it to be a real opener and offloaded onto a stranger. What makes listening work is you can always learn something about the other person! On a side note, this person and I are really close friends now!

4. Know when not to talk 

Okay so there are times when you are engaging in random conversations, you hear things you do not entirely agree with. If these conversations are with people you do not know, then it is best to really keep quiet and not say things you regret later.

Small talk is quite a task and usually, in an informal setting, the ice can be broken over shared interests. At work, that is a little harder, even for an extrovert like me! I have used these tips in the past so I truly hope they help you too!

 

 

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Startup Hacks

How To Deal With Credit Stealers At Work

Smruthi Kishore

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How To Deal With Credit Stealers At Work,Startup News India,Startup Stories,How to Respond When Someone Takes Credit for Your Work,How to Shut Down a Colleague Who Takes Credit for Your Work,7 Tips When Someone Takes Credit For Your Work,How to Deal with a Credit Taker

At every work place, there are several dynamics. However, to narrow down the topic here, there are two types of people to pay attention. The first are the kind who make sure they get the credit for their work. The second is the kind who pretend to be your best friend at work and end up shoving the knife deep down your back when you turn around. When people come and try to burst your bubble about the work, you feel betrayed. Why not? You put in the hard work and there is no credit coming your way. A certain Mr. X has this problem and he wonders how to deal with such a situation. If you face issues like the unassuming Mr. X, then these tips could work for you!

1 Take it as flattery 

The saying, “imitation is the best form of flattery,” did not come from thin air. When working, it is quite easy to take credit from other people. However, when people chose to take credit for X’s work, it clearly meant he was brilliant at his job. Take it as praise for your ability, despite there being no quantifiable praise directed toward you.

2. Outdo Yourself 

Every time someone takes credit for your work, it makes you want to push yourself harder and outdo yourself every day. Mr. X learned this the hard way and this made him so much better at his job than earlier! Think of Apple in this scenario. Samsung is always trying to be on par with Apple and seems to do a good job with the imitation. However, Apple remains undeterred and works at making sure it gives its fan base something new to look forward to with every phone!

3. Take a look at your insecurities 

One of the main reasons credit stealing happened to Mr. X was because of how insecure he is with his work. Are you fuming that someone took your credit for something? Why? Is there an insecurity that has been unveiled, which led you to be so infuriated? Have you been looking for praise as a validation of your ability in something? Realise the “Shakti” in you and take let the world know you are not to be taken lightly!

Everyone has a point of view. Everyone puts in the same (some more) effort into their work. Give credit where credit is due and only take credit when you know your work is flawless and perfect!

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How To

Why Is Competitive Advantage Important For Your Start up?

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Competitive Advantage Important For Your Startup,Startup Stories,Startup News India,Good Startups in India,Positive Motivational Stories,Startup Competitive Advantage,Most Important Competitive Advantage,Startup World,Startup Business Idea

The very first thing a start up does before flourishing in the marketplace is, develop a market plan! The market plan comprises of many factors, however, the most important is competitive advantage. So, what is a competitive advantage? It is basically anything that sets your business apart from another. Any firm requires a competitive advantage to make its presence felt in the business marketplace. Only then, can you differentiate your start up from other existing firms!

The significance of competitive advantage!

The start up world has been evolving with each passing day! The competition is getting intense like never before. So, how do you create superiority when compared to your rivals in the business market? Develop a brand recognition that a company either delivers quality products at a lower cost than the competitors or, offers various services at a greater value when compared to the competitors! Ensure that your products or services are better and best in terms of quality! This could create popularity among the consumers and they would spread a word which in turns makes your brand recognizable. Consumers could recognize your brand easily and prefer choosing you over others! When you establish an effective brand name, customer base becomes extremely powerful resulting, in customer loyalty. Isn’t that pretty much any firm would love to have? Having your customer come back to you over and over! Apart from this, when you establish an effective competitive advantage, you could develop the reputation of offering the best service or support in the industry which allows your company to charge more for your offering! This makes your investments in the firm all worth it, right?

Listed below are the parameters that you should consider while developing a competitive advantage for your start up!

  • Quality of the product/service
  • Pricing
  • Marketing
  • Innovation

For example, the famous fast food chain McDonald’s competitive advantage relies on a cost leadership strategy! Likewise, the technology giant Apple, is quite famous for its innovative products! This is how you differentiate your company from others! You discover and develop a unique strategy for your firm! However, at the end of the day, it is exceptionally important to keep a track of your firm’s growth in the marketplace! Find out what is working and what is not! With time, if something doesn’t click then work on it along with your marketing team and implement the change!

So, if you develop a great competitive advantage in the market, you could survive in the long run and become a market leader! A competitive advantage could make you or break you! In today’s competitive world, standing out from the crowd is essential! The best strategy for your company is to focus on improving the quality of your product or service so that it is universally recognized as being superior to anything else available! So, choose the path wisely in order to create a better competitive advantage for your start up! 

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