46 percent of new hires leave their jobs within 18 months of being hired – While only 11 percent of these lack adequate skill, the rest of them left their job for reasons like lack of motivation and coachability.
Considering the statistics, it’s obvious that employee retention has become a major concern for corporate leaders and hiring managers. And, they need to take concrete steps towards keeping employees motivated with proper mentoring, training and compensation strategies.
Further, workforce related decisions like hiring new talent, training them, managing their pay structure, etc. are becoming complex. Another major challenge is keeping the workforce motivated toward achieving bigger goals.
These activities require constant efforts from HR professionals to acquire and retain new talent. In this scenario, HR management systems that can simplify these processes have become indispensable.
Let’s look up the case of one of Techjockey’s clients, who was finding it difficult to manage different HR processes with the size of its workforce increasing gradually.
Related Categories: Payroll Management Software | Attendance Management Software | Leave Management Software | Recruitment Management Software
The Client
WealthChaser Global Research is an investment advisory firm in Indore, which is SEBI (Security and Exchange Board of India) registered. Its expert team is proficient in predicting the actions in Equity and Commodity market in real time to ensure a profitable deal for clients.
The Business Problem
The team of WealthChaser consists of people with multiple specialties. They work together towards helping clients make the right investments and reach their financial goals.
However, keeping the champs motivated to make the most of their potential as financial advisors was becoming difficult for the leaders of this firm.
The Solution
Before it was too late, Avadh Singh Chandrawat, the HR manager of WealthChaser Global Research decided to follow the strategy of automation. Leaders of the firm gave a nod to the idea of adopting exponentially booming technology of HR management software. The next significant step was to get the best software for the firm’s specific HR management needs, and that too really quick.
Rather than knocking doors of different HRMS vendors, Avadh decided to make the quick and trusted software selection at Techjockey.
He was convinced by the online demo of HR-One HR management software. Then finally closed the deal and got the software implemented successfully. Want to know which features of HR-One HR management software helped him make the final selection? Read to know more.
Key Learnings
To make HR management processes easy and effective, embracing the evolving enterprise technology is imperative. Even more important is picking the right HRMS software based on the metrics of performance, productivity and profit.
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