When we put together the top HR trends for 2017, we featured recruitment marketing, artificial intelligence/predictive analytics, and chatbots. And in 2018… we’ll see more of the same. As budgets continue to shrink for many smaller companies and HR departments, it seems that many businesses are taking longer to adopt certain trends than originally thought.
60 percent of small to medium sized businesses are currently managing their inventory using manual methods—that’s according to original data we collected from small to medium sized businesses seeking to invest in inventory management software. Paper, pens, and Excel spreadsheets are among the manual methods they’re using to control and monitor their stock, opening themselves up to countless potential manual errors.
Nearly 8 in 10 HR decision makers have regretted their software purchase. Only 24 percent of business leaders in Europe feel that their HR system is having a positive effect on their business.
Many software implementations fail or don’t live up to expectations. However, this isn’t always because of a problem with the product, but rather the software selection process was flawed.
Staying compliant with HR, and absence and leave regulations is tough enough, without the regulators themselves not being able to make up their mind on whether a new law should be passed or not.
Take the paid overtime rule that was introduced by President Obama, which would have raised the salary threshold for exemption from $23,660 to $47,476. This rule —which was set to go into effect on 1 December 2016— was put on hold by the federal courts in November 2016, before being permanently blocked on 31st August 2017.
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It’s the most wonderful time of the year — or is it? Amidst the holiday haze of gifts and gatherings, it’s also when business leaders scramble to set their annual budgets.
The budgeting and forecasting process looks different depending on each business. But most businesses have one thing in common: They approach this process incorrectly.
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