Amelia Fernandes
Sigma Infosolutions - eCommerce. Employee Financial Wellness Guide - Koppr. The survey presents some great insights on the financial wellness of employees.
Employees are stressed despite the strong economy In the US, the reports indicate that the economy is solid, and the unemployment rate is at a49-year low. However, this survey paints the opposite picture as many employees admitted to being stressed about their finances. Most of them rated financial stress as one factor that causes them the most stress. Increasing debt challenges and cash flow remain bigger worries that hinder their ability to save sufficiently. EPF - Employee Provident Fund. EPF is otherwise known as the Employee’s Provident Fund and is a retirement plan available for salaried individuals.
This retirement scheme will help your employees to save a portion of their salary every month. Employee expense reimbursement - How to handle employee expenses. Employee expenses are a part and parcel of every business.
Do you need a personal financial advisor? A personal finance advisor is a trained expert who guides you with your investments and financial planning.
A financial advisor may simply offer you his advice or he may plan your investments for you. Top personal finance management apps in India. Financial management apps are extremely useful.
From offering reminders about your upcoming EMIs to offering a comprehensive budget plan related to your expenses, these apps help you to manage all aspects of your financial well-being on a day-to-day basis. Whether you use an Android or an iOs platform, you can find many interesting money-management apps. Download any one of them and you will be able to smoothly sort out your finances. The Impact of Social Media Usage on Employee Productivity. Once considered as the new fad, social media has gone to garner massive growth and popularity over the years.
Such has been its prevalence that it has managed to change almost every facet of how we communicate, socialize, and engage for both professional and personal activities. However, the usage of social media platforms in the workplace toes a fine line. While it can have a highly positive impact on the marketing efforts of a company, it can also drain employee productivity.A recent study published by TeamLease World of Work Report provides detailed insight into how unlimited social media usage allowance by employers is affecting workforce productivity comprehensively.
The report has clearly stated that organizations that allow unrestricted usage of social media are risking somewhere between 15% to a whopping 45% drop in productivity of their employees. How to choose the right financial instrument? Investing your hard-earned money is an important step towards wealth creation. However, you need to invest properly and through the correct instruments to ensure you get the returns you desire in a time that suits you well. There are many financial instruments that you can choose from, but not every one of them is suitable for you. How to build an everlasting company culture? As an entrepreneur when you are thinking about setting up a team for your company where employees are happy, engaged, enthusiastic and energetic, there is one word which is likely to come to your mind time and again, that is ‘culture’.
What does company culture refer to? When we consider an individual, culture refers to a basic set of values or principles that a person has. Similar to this, company culture refers to the core values followed in a company, right from the CEO to the junior employee. In addition to values, a company culture consists of goals, ideologies, purpose, mission, vision, beliefs, learning, leadership, assumptions, expectations, work environment and ethics. A company’s work culture can also be referred to as its personality. You surely must have heard about some of the popular companies like Apple, Amazon, Facebook, Google, Adobe, Microsoft and Starbucks. Role of HR in Employee Wellness. As we step into a new decade, there is a major shift in organizational development, moving from a “wisdom economy” to the “human economy.”
Companies and organizations have started adopting network and team-based structures where the growth of the organization and the well-being of the employee have turned essential. When it comes to employee well-being in an organization, the human resource plays a major role in building bridges between the administration and the employee panel. They also help the administration realize that the best wellness program is not just concentrated on cost-saving and absenteeism, but they also donate to the organization’s growth, long term, and short goals. This article would help us understand the necessity of employee well-being in an organization and how human resource plays an important role in handling employee well-being.
EQ - The need of the hour for leaders - Koppr. What comes to your mind when you imagine the ‘ideal’ leader?
The ideal leader is someone who doesn’t let his temper get the better of him no matter how complicated the situation is. The ideal leader is also the person who leaves their doors open to communication with everyone and anyone in their team – they are ready to listen – they have the complete trust of their team members – and they make informed decisions keeping in mind the interests of all the people involved. Well, if you look at it generally, you won’t find anything special about these qualities, but there is more to these qualities than meets the eye.
A deeper understanding would lead you to an essential quality that a leader must have in this day and age. We are talking about emotional intelligence, which is most commonly referred to as Emotional Quotient (EQ). You can take courses and join training to develop your technical skills and move ahead in your career.
What is emotional intelligence or emotional quotient? A. B. Should you hire employees for a cultural fit? Cultural fit is quite popular in today’s date in the HR industry, not only in conversations among the human resources team but is also being used as a replacement for what was known as the gut feeling factor in the old hiring process.
Many times we miss out on a key individual who could have been an asset if we had hired them.The job market is becoming increasingly competitive, and the job cultures are turning diverse. At this time, hiring the right people is more important than ever before, because, a candidate once rejected will not turn back to you. Employee allowances - taxable & non-taxable allowances. Tax rules in India are different and this depends on the income of an individual from salary and other sources.
For most employees, filing income tax returns comes as a nightmare due to a lack of knowledge of the employee allowances they are paid by their employers. Thus, having a robust system that allows the employees in understanding the allowances they are entitled to, is very important for every employer.