Hiring Locally vs. Transferring Expats

Posted by: samantha on 24 April 2017 in Multinational & Globalization

Share thisShare on LinkedInTweet about this on TwitterShare on Facebook

When your business expands into a new location or international market, creating the right team is a critical ingredient for success. There's on-going debate amongst business and HR leaders about whether you gain more know-how by transferring expatriates from your existing operations into the new market, or if you're better served hiring local employees. The truth is much depends upon your organisation's goals and needs when it comes to expanding into the new market.An expat employee on secondment typically carries a deep understanding of your organisation’s products, policies, systems, workplace culture and strategy. This could help him or her get the required support from colleagues at headquarters to navigate any challenges more confidently and rapidly.The main advantage local hires provide is a deep knowledge of the target market including the culture, government regulations and prevailing work styles. "The most important…

Workplace culture now a strategic opportunity for Australian businesses

Posted by: samantha on 20 April 2017 in Human Capital Management

Share thisShare on LinkedInTweet about this on TwitterShare on Facebook

The Australian economy could grow by an estimated $70 billion a year if we halved the gap in management effectiveness between Australia and the world’s best, according to the Westpac Businesses of Tomorrow report released by Deloitte. That’s more significant than the estimated productivity benefit of the internet. So how do we achieve this? Most successful business leaders know that a big part of managing teams is creating a positive workplace culture. According to Deloitte University Press research, "organisations that create a culture defined by meaningful work, deep employee engagement, job and organisational fit, and strong leadership are outperforming their peers and will likely beat their competition in attracting top talent."Workplace culture drives cohesion and collaborationJosh Bersin, founder and principal of Bersin by Deloitte, in a Forbes article titled Culture: Why It's the Hottest Topic in Business Today, said that "culture, engagement,…

Are poor payroll tools impacting your business success?

Posted by: samantha on 13 April 2017 in Human Capital Management, Payroll

Share thisShare on LinkedInTweet about this on TwitterShare on Facebook

Agility is now a critical consideration for any Australian business. As employee needs and the competitive landscape changes, many organisations are increasingly using an on-demand approach to build their workforce. Legacy tools can however struggle to support this transition. Consider how easy it is to adapt your payroll, time capture and rostering systems to respond to new employment hours or locations?Fragmented, outdated or inadequate HR tools can reduce your agility and pose a risk. According to Fair Work*, payroll recording keeping errors account for two thirds of all court proceedings they initiated between 1 July and 31 December 2016  – and the combined value of employer penalties issued for breaches hit $1.8 million. What’s holding your team back? Managers know all too well the frustration of having to navigate multiple, fragmented systems to gather the information they need. If your…

5 steps to help your business assess HR data

Posted by: samantha on 4 April 2017 in Innovation & Technology

Share thisShare on LinkedInTweet about this on TwitterShare on Facebook

More and more HR departments are eagerly joining the ‘big data’ party (1) but according to analyst Josh Bersin (2), more than 50% of companies are still assessing the value of the data they have. Certainly a new challenge seems to have emerged for businesses: What's the most effective way to use our data?5 steps to better assessing your dataGetting started can be daunting, so here are five steps you can take to help you assess how your HR data is going to contribute to your company's strategic business discussions:1. Understand your data sources — The more we work with clients to cull and compile data, the more we see them emphasising this notion of "putting trust in the data." Traditionally, many businesses have relied on data that's originated from outside their organisation, such as market or industry benchmarking data or survey data.…

Employee motivators and retention – discover how your business can benefit

Posted by: samantha on 29 March 2017 in Human Capital Management

Share thisShare on LinkedInTweet about this on TwitterShare on Facebook

The ability to retain the best employees is an important part of a company's growth. When evaluating ways to increase retention, the effect of positive employee motivation can be undervalued. However, there are many benefits to having motivated employees: increased productivity, increased engagement and accountability, increased job satisfaction and decreased absenteeism. All of these benefits can lead directly to higher retention. So how can you improve employee motivation in your company? The answer can be found in understanding and identifying the primary motivators in your company.Understanding Employee MotivatorsPalmer Morrel-Samuels, Ph.D., led a study conducted by Workplace Research Foundation in cooperation with the University of Michigan that found that as employee motivation improved, the business' stock enjoyed higher subsequent returns the following year. While this study was based on corporations that were listed in the Wall Street Journal 1000, the findings…