Essential Strategic HR
Essential Strategic HR HR and payroll : Mind the governance gap. Tax code changes, fallout from workplace harassment, the rise of artificial intelligence and other long-term trends will put the spotlight on workplace tech this year. Trends In Payroll That Will Change System integration is a key enabler for payroll processes. It is a necessity for adequate controls, data privacy and appropriate checks and balances. Integration throughout the payroll process reduces the risk of non-compliance and unnecessary labor costs. It can also reaffirm confidence in existing controls and reduce time delays in re-validating. Top-performing organisations have high levels of integration between their payroll system and other key systems including Rostering, Time & Attendance, and Benefits. With an integrated system, a company can reduce complexity, redundant data and risk of errors. Internal Promotion and “Upskilling” Upskilling is a relatively new term that is used to describe developing employees that are already working for the company. In 2018, it’s expected that companies will increasingly turn to their existing employees to fill open positions, offering training and encouraging employees to go for promotions. With fewer new employees expected to enter the workforce in the coming years than ever before, employers are seeing the merits of investing in people that are already familiar with and loyal to the company. AI in Recruiting Many recruiting tasks have already been automated, but 2018 may push even more into the digital realm. HR software outfitted with artificial intelligence (AI) may begin reviewing top applications that have made it through the filtering process and even interviewing candidates. Not all companies will see benefits from de-humanizing tasks such as application sorting and be interviewing, but adding AI to the mix will definitely save time and mitigate the potential for discrimination. AI is less likely to select or reject a candidate because of unconscious biases based on things like name, accent, and demeanor than a human interviewer. Ranking systems can also be built into virtual interviews. HR Tech Trends HR operations have been highly undervalued. All the HR professionals wanted to be a strategic business partner, the role with the most positive connotation. The last years we have seen an upgrade of HR Operations that will continue in 2018 – 2019. Most likely HR can add most value in the HR operations area. The requirements for the people in HR operations are different though, and probably we need a new breed of HR professionals who can run HR as a service organization. Many more trends are emerging such as : • From vacancies to opportunities • Selecting on value fit • The end of classroom training • No more leadership journeys • Purpose, purpose, purpose…. • Less multitasking • Working from 9-5 • The Consumerisation of HR • Improving Performance Consulting • From Individuals to Networks of Teams • Man-Machine Collaboration • Algorithm Aversion • HR Operations in the Lift • Who owns the people data? • One size does not fit all • The battle of the apps • Focus on the Employee Experience • Agile HR • Keep it Simple • Talent Everywhere • Organisational Network Analysis • The use of personas • The invasion of chatbots • To a more human and holistic HR • The end of static jobs • The changing scope of recruitment Data Drive in decision making We are seeing the worlds of payroll, HR and business management solutions move closer together as organisations adopt integrated solutions to gain better control over their workforce costs and create stronger engagement with employees. One benefit lies in the fact that data and transactions don’t need to be captured multiple times across different business applications. In addition, such systems give HR teams a complete view of their relationships with employees, from on-boarding to engagement, talent development and performance management. This empowers HR to react to the needs of the workforce and the business in a more agile manner. Data will drive decision-making HR is about to change dramatically with data analytics becoming a way of life for HR directors and HR managers. As HR professionals have more data (gathered through digital interfaces like employee self-service) about employees and the business at their fingertips than ever before; they will begin to use analytics to make better decisions and to shape superior employee experiences. Data will help HR and the business to answer questions such as : • Where did we find the best hires for our business, i.e. top performers who have we retained for a good while? • How many people will we need in our service department to support our forecasted revenue growth of 10% for the next financial year? • What are the possible reasons for high employee turnover in the call center? • What skills gaps do we have in our organisation? Performance management is changing We have seen a lot of discussion in the past year or two about the value of annual performance reviews, and many large organizations around the world have streamlined performance management or even done away with annual reviews. Though I don’t foresee most companies scrapping annual reviews, I expect that performance management will change to cater to a changing work world. We’ll see companies give employees feedback more frequently, perhaps each month or even each week, rather than once a year. This will help managers and employers to constantly monitor performance, identify challenges and opportunities and recalibrate employees’ alignment with its strategic objective. Annual reviews are useful in this regard, but they’re not frequent enough in a business world where the pace of change is so fast.
Essential Strategic HR Agency in nashik
About Nashik
Situated on the banks of Godavari, Nashik is one of the most important cities of northern Maharashtra. It’s the third-largest urban area of Maharashtra, just preceding the Mumbai Metropolitan Region and the Pune Urban Region. Nashik is, in fact, the fourth most populous city in Maharashtra. It has had its moment of pride when it was declared the sixteenth fastest growing city in the world by a report of the City Mayors Foundation.
Owing to the city’s industrial, social, political and cultural importance, Nashik has been shortlisted as an investment region in the Delhi Mumbai Industrial Corridor (DMIC) for the Igatpuri-Nashik-Sinnar circle. It is also a pilgrimage city for many Hindus and is one of the four locations that host the Kumbh Mela Festival.
Nashik is the highest producer of grapes in India, along with onions, because of which it’s called the “Wine capital of India”. Famous for its religious and historical significance, it is located on the banks of Godavari, which is one of the most prominent rivers in India. This vibrant city known for its picturesque surroundings, pleasant climate and greenery certainly sees itself as a major player in the coming future for top market investments.
Stats and Facts
The population of Nashik, as per the provisional reports of the Census 2011, is 1,562,769 with a 22% increase in the last decade
The city’s sex ratio is below the national average, at 895 per 1000 males. The child sex ratio has drastically fallen to 855 per 100 males
The average literacy rate of Nashik saw a significant jump in 2011 with 90.97%
Nashik – Striving Industrial Sector
As of 30th November 2011, Nashik district had six approved Special Economic Zones covering an area of 1,275 hectares
Investment in industrial units have grown more than 100% and employment by 20% making Nashik an outperformer from other cities in Maharashtra in terms of investment and MIDC units
Out of all the globally recognized wineries in Maharashtra, Nashik has the majority. Also many liquor manufacturing factories, such as Sula Wines, Pernod-Ricard and United Spirits Ltd have set up their factories here. Today, grapes are a major export commodity to the Europe, Asia and Middle East
Other prominent clusters in Nashik include raisin making, engineering, silver ornaments and the famous Paithani saree. There is a scope for various other industries such as fruit processing, agro-based products, animal-based products and forest-based products
The government of India sees great potential in the Nashik cluster. Various government schemes are expected to strengthen the SMEs in areas covering technology, national and international cooperation, marketing and capacity building international certifications
The Hindustan Aeronautics Limited aircraft manufacturing plant, which is located 16 km from Nashik,employs a large number of people residing in Nashik with a 7000-employment rate
Manufacturers who have set up plants in the Nashik MIDC area include: Crompton Greaves, Bosch India, Atlas Copco, Mahindra and Mahindra, IBP, GlaxoSmithKline, CEAT, Thyssenkrupp, Epcos, Schneider Electric, ABB, L&T, Jindal Steel, Lear Corporation, Siemens, Kirloskar, Coca Cola, Shalimar Paints and Cipla
The Indiabulls Power Ltd Sinnar and the Nashik Thermal Power Station are the two thermal power plants powering Nashik. Also, Suzlon energy has set up base in Sinnar generating wind power for Nashik
Connectivity
Nashik is served by the Ozar Airport, located about 24 km from the city. There are plans to upgrade the airport to international standards, including a new passenger terminal. Nashik is also served by the Gandhinagar Airport that sports a humbler runway
The Nashik Railway Station is of prominence to the Central Railway as it generates a high amount of revenue. Nashik is directly connected to various major cities in India like New Delhi, Mumbai, Kolkata, Kanpur, Nagpur and Guwahati. According to the Rail Budget recently, Nashik plans to get rail connectivity to Pune and Indore
Nashik is located on the intersection of two major national highways – the Mumbai-Pune Highway and the Mumbai-Agra Highway. There are numerous other state highways that offer excellent connectivity to Nashik. Apart from inter-state connectivity, the city has reliable and modern road infrastructure
There are three bus stations in Nashik, namely, Mahamarg bus stand, Nashik Bus Sthanak at Thakkar bazar, and CBS. These services are available for travelling to major cities in and around states. Maharashtra Road Transport Corporation, Karnataka State Road Transport Corporation and Gujarat State Road Transport Corporation all operate in and out of the city
A metro railway project called the Greater Nasik Metro has been proposed to connect neighboring areas within Nashik like Ozar, Deolali, Igatpuri and Nashik city
Nashik Civic Administration
In 1982, the Nashik Municipality and other civic bodies combined to form the Nashik Municipal Corporation that today administers the Nashik district. Nashik is also the headquarters of the Nashik Revenue Division of Maharashtra
The Deolali Cantonment Board is a separate civic body for Deolali, which is a part of the Nashik urban agglomeration
The District Collector carries out the administration of the Nashik district. He also supervises other government bodies in the area. The Balwantrai Mehta Committee facilitates the development of administration in rural areas. The Zilla Parishad, Gram Panchayat and the Panchayat Samiti head the district level
Nashik Infrastructure
The city, in terms of infrastructure, is relatively in a formidable situation. The city is a highly sustainable source for quantitative and qualitative water as it resides near the rivers Godavari and Darnana
Storm water management is major issue in Nashik as three major rivers and several nalas flow through the city. Apart from proposing storm water pipe-drains, river canalization and nala training, the MNC has made it mandatory for new constructions in the city to install rainwater harvesting systems
Unlike many other Indian cities, where garbage floods infrastructure, the daily refuse in Nashik is collected through a door-to-door solid-waste collection system. A plant has been set near Pandav Leni by the Nashik Municipal Corporation to process the garbage and convert it into compost
A total of 1974 km of roads exist within Nashik’s network. The MNC has proposed an investment of Rs. 605 crores towards a hike in new roads, road widening, parking, street lightning and other improvements. Plans of setting up a mass rapid transit are being proposed for the near future
| Ambad Gangapur Road Sinnar Deolali Gaon Ganesh Baba Nagar Yeolekar Mala Pandit Colony Canada Corner College Road Sharanpur Chandshi Mahatma nagar Dwarka Nashik Road Nashik-Pune Road Sane Guruji Nagar Hirawadi Indira Nagar Trimbak Kamatwade Jail Road Untwadi Mumbai Agra Road Eklahare Parijat Nagar Makhmalabad
| Makhmalabad Road Renuka Nagar Rajiv Nagar Tidke Nagar Ashwin Nagar Trimbak Road Prabhat Colony Kamod Nagar Panchavati Mumbai-Nashik Highway Dindori Road Govind Nagar Vaiduwadi Pathardi Phata Buddha Vihar LOCALITY Anandvalli Aurangabad Road Ojhar Mohan Nagar Bhabha Nagar Ambad Link Road Sobhag Nagar Uttara Nagar Tagore Nagar Sawarkar Nagar Wadala Gaon Mundhegaon | Satpur Patharadi Road Peth Road DGP Nagar Jai Bhavani Road Shreerang Nagar MERI-Rasbihari Link Road Pathardi Lam Road Karmayogi Nagar Kalpataru Nagar Shri Ram Colony MERI Sadguru Nagar Someshwar Colony Chetana Nagar Rane Nagar Khutwad Nagar P and T Colony Thatte Nagar Anand Nagar Igatpuri Ayodhya nagari Om Nagar Medage Nagar Bhagur Vinay Nagar Wadner Road | CIDCO Wavi LOCALITY Nilwandi Bhausahebnagar Rasegaon Malegaon Dindori Devlali Chinchkhed General Vaidya Nagar Adgaon Vani Upnagar Krishna Nagar DSouza Colony Old Agra Road New Pandit Colony Ganjmal Shramik Nagar Shivaji Nagar Deepali Nagar Rajur Bahula Vaitarna Nagar Manmad Hanuman Nagar MIDC Ambad Yeola Pimpalgaon Baswant Lekha Nagar Mhasrul Gaon Pawan Nagar Chunchale Madsangavi Ghoti Budrak | Niphad Dasak Abhiyanta Nagar Upendra Nagar Colony Sneha Nagar Gotane Wada Savata Nagar Gayakhe Colony LOCALITY Nagarsul Vijay Nagar Shalimar Chandwad Gandhi Nagar Airport Area Vihitgaon Belgaon Dhaga Ekdant Nagar Devgaon Manegaon Jagtap Nagar Homi Bhabha Nagar Shinde Amrutdham Government Colony Chincholi Khode Nagar Shivshakti Nagar Swaminarayan nagar Tidke Colony D. K. Nagar Samarth Nagar Girnare Tapovan Road |
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