2022 kicked-off with employees resigning from their jobs – mostly due to the fact that they have experienced remote working and discovered how they are more productive outside of the office. More importantly, they achieved better work-life balance and still reached organisation and team milestones.
This one critical change not only impacted human resource (HR) processes but also directly altered emerging HR trends. In 2023, it's now no longer about retaining talent as there is a growing need to streamline the workforce instead.
What should HR teams in Malaysia consider to leverage on these growth trends?
- Topic:
- Human Resources
Retaining talent has always been a long-running critical issue for businesses across the world. While there are many strategies to consider, one of the major drivers that supposedly helps with employee retention is performance bonuses.
However, the trend of heightened post-bonus resignations suggests that bonuses are not working the way employers intend them to.
What can explain this phenomenon?
- Topic:
- Human Resources
Over the last two years, COVID-19 and the disruption it caused at the workplace have pushed companies to adopt new methods of employee management. As a result, employee well-being is no longer just a privilege, but an opportunity for employers to better engage and support their workers.
- Topic:
- Human Resources
Flexible working arrangements (FWAs) have existed for a long time and come in many forms, such as remote work, hybrid work, compressed work weeks, and flexi-time. With the pandemic spurring this trend further, more employees are now seeking such options and want these practices to be implemented. In fact, many governments are now supporting this move as well.
Starting from 1 Sept this year, Malaysian workers will be able to apply for FWAs with their employers, with the latter being legally required to consider the applications fairly.
So, what exactly are the potential up- and down-sides of FWAs for organisation?
- Topic:
- Human Resources
Malaysia is among the top overworked cities in the world. Workers here clock have a maximum working hours of 45-hours per week and only enjoy up to 16 days worth of annual leave, depending on the number of years they have been with the company. In contrast, Australia has an average of 33-hours and about a month of annual leave. Other Asian counterparts, such as Singapore, Japan, Korea, and China, have also been known to propagate a culture of overworking their personnel.
It is well documented that Asian countries have heavily adopted and accepted a culture of overworking. There are various reasons for this trend, most of which can be divided into legal, cultural, and historical sources. In this article, we explore why Asian cities have this culture of overworking, its dangers, and why it must be abolished.
- Topic:
- Human Resources
Employee engagement is the connection an employee feels towards their work and organisation. This engagement exists on a spectrum and has strong correlations with various employee work-related facets such as their productivity, motivation, involvement, loyalty, and happiness.
- Topic:
- Human Resources
The COVID-19 pandemic has changed the way business is done, alongside the way we work, forever. It has highlighted the need for digital transformation for businesses to operate efficiently. Companies are well aware that the ones who are able to quickly adapt and upgrade their business processes will be out in front of this new business landscape. In fact, a Dell survey has revealed that 80% of companies surveyed actually fast-tracked digital transformation programs in 2020.
The adoption of payroll software can thus be a company’s first step toward digital transformation. Why so? It’s simple.
- Topic:
- Payroll
Covid-19 has made having remote working arrangements a common practice for many businesses. Some might even say the norm. Many businesses have been compelled to accelerate their digital transformation to survive and thrive in this new normal. And a feature of this push is the migration from on-premise solutions to cloud-based solutions.
- Topic:
- Payroll
The global pandemic has spurred the growth of startups globally. But, did you know that out of 10 startups, 9 fail? And that 82% of new businesses fail within the year? One of the leading reasons for this high failure rate is poor accounting practices that eventually lead to cash flow problems.
Even if you have a lot of investor money to burn through, setting up proper accounting practices is still crucial in improving your startup’s chance of success. Why? Because it helps you to make business decisions that are more in line with your business’s financial health. Read on to learn more about the basics of financial accounting and how they can help you.
- Topic:
- Finance
Organisations are well aware that efficient payroll management is crucial to the smooth running of the business. Every HR department is expected to maintain accurate records of all employees, and to ensure that they are paid on time, every time and in full. However, with a plethora of solutions available such as out-of-the-box payroll software and payroll outsourcing services, they may not know which works better for their business.
- Topic:
- Payroll
