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Financial stress can have a hard-hitting impact on an individual’s personal and professional life. A recent Ernst & Young study shows that around 81% of Indian employees experience a financial shortfall between two consecutive pay cycles. A lack of financial literacy can force many to opt for loans at high interest rates. Many individuals go …
Continue reading “Benefits of Financial Wellness for Employees”
Like physical wellness, financial wellness should occupy a central place in our list of life goals. Unlike physical wellness though, it is often ignored or taken casually by people. According to research, with 69% of workers being stressed about their finances and 72% worrying about their finances at work, it’s not hard to see why …
Continue reading “Financial Wellness: Why Should You Care About It?”
HR’s passion for employee welfare and finance’s love for financial metrics in an organisation aren’t two distinct functions operating in different universes. The two departments co-exist and function together along with sales, production, marketing and other departments. While HR is tasked with hiring and training the production force, it requires digesting quite a lot of …
Continue reading “How Important is it for HR to Understand Finance?”
The conventional function of HR, being people-centric, makes it more of a front-office function juggling with minds and ideas. While separated from HR, Finance controls the figures and numbers at the back-office end. This divorce between two essential functions in an organisation slows down processes impacting the business’s ability for growth and adaptation. Peter Spence, …
The gender gap has been one of the toughest disparities to bridge over the past couple of years. According to the World Economic Forum’s Global Gender Gap Report 2021, closing the global gender gap has increased by a generation from 99.5 years to 135.6 years, especially now with the effects of Covid-19 in the limelight. …
Continue reading “The Relationship Between Gender Diversity and Our Bottom Lines”
Compiled by: Alapinee Deshmukh, Human Capital & Sustainability Evangelist.About Alapinee: A Human Capital & Sustainability Evangelist, she is ER Lead at eCW. It has been almost a year since the outbreak of the COVID-19 pandemic, and our life still is far from what we used to consider ‘normal’. One of the most significant changes that …
Continue reading “Work from Home vs Office: What are the Financial Implications for Employees?”
COVID-19 has changed the global outlook and it is difficult to see what we would call normal. While some regions are on their way to recovery, most places are seeing a rise in cases, new waves, and even new epidemics around as a supplement to COVID. Human Resources are a function that is multifaceted by …
Continue reading “What Will Be the Role of the HR in the Post Covid Workspace?”
Financial wellness has recently gained importance to build successful work teams. And for good reason. After all, financial stress harms both the professional and personal lives of your employees, and by extension the organization too. According to a report, financial stress results in a 34% increase in tardiness and absenteeism. Along with being stressed, employees …
Continue reading “How do You Build Successful Work Teams? A Financial perspective”
Retirement isn’t just about employees ending their careers at the respective organization, it’s more than that. The old guard exits the organization while new blood comes in. The vision of retirement involves much more than a simple goodbye. Many teams look exclusively at the financial aspects though, but this pandemic has taught everyone that efforts …
Continue reading “What can HR do to ensure successful retirements?”
Organizations are in a bind when it comes to performance appraisals this year, with interesting implications in line for pay increases, along with the retention of top talent, and overall employee morale in these unprecedented times. We have already begun to feel the effect of the coronavirus pandemic on key business and people processes through …
Continue reading “What do Appraisals Look Like for the Post-Pandemic Year?”
