Each and every organisation needs employees to functioning; they are the human capital, a crucial component of any company. Many companies take the smart step of making use of a human capital management services to ensure optimum performance of every employee.
Read on to know more:Human Capital Management Defined
Capital is any asset to company, anything that allows it to make more money and help achieve business goals. Plants, factories, tool, and equipment—all fall under capital. Human capital is the total measure of your employees’ skills and knowledge that you can use to your company’s advantage.
Author: Volantis
Financial consulting, planning and succession plan are immensely important for organisations, whether big or small. Here, we offer an insight into the world of both.
Financial Consulting
Financial consulting is a service usually offered to large organisations and individuals alike, to help them by preparing financial plans and strategies. It covers concepts related to finance, such as insurance, investment, savings, and retirements. Certified financial consults give their expert opinions on finances related to a proposed business plan, and are experts in accounting.
Author: Volantis
When we talk about leaders and leadership development, there are a few qualities you want to see in ideal heads in an organisation must have.
These aid not only the company itself, but also the employees that work underneath that leader. They foster a healthy environment that aids everyone to focus on long-term growth, instead of short-term gains.
Leadership development is something a lot of organisations invest in, to enable powerful leaders that can drive their company forward with both results and satisfied employees.
Integrity Of The Leader and Leadership Development
Leaders need to command the respect and awe of their peers and subordinates. This can only be done by setting a high bar with their own performance, and by constantly making decisions and judgments that are backed with solid values and commitments.
Without the integrity of the leader, employees won’t be able to invest trust in an organisation. Without trust, a leader fails to exist at all.
Author: Volantis
Cloud computing is technology that organisations today absolutely need.
It gives you the convenience of sharing resources (through the internet) all across the globe. With cloud computing services, you can easily share important files anywhere, anytime—making you hit deadlines faster in an effective and hassle-free way.
Reduced costs are one of the most beneficial features cloud computing offers. Whether it’s CapEx (Capital Expense) or OpEx (Operational Expense), you can save on the expenses; resources are paid for only when they’re actually used. With cloud computing, you can assign work quite easily, choosing instead to focus on bigger tasks. Scaling—up or down—is another advantage of cloud computing.
Let’s take a brief look at the three most common concepts that a cloud computing user deals with.
Author: Volantis
Running an organisation comes with a lot of responsibilities; you need to be patient, tactful, and ready to handle challenges and risks.
The bigger the organisation, the more the liability and pressure. Wouldn’t it be a lot easier if you could simply hand over the responsibilities to an efficient team, and focus on the actual tasks that help in the development of your firm?
Managed service providers and companies are the solution.
What Are ‘Managed Services’? Managed services are the practice of outsourcing on a practical based administration responsibilities and utility and a planned way for improving operationsManaged services are, simply put, an IT solution that helps control a situation instead of simply responding to it, using an external source—Managed Service Providers (MSPs).
Most IT solutions companies have been known to provide a response to the problems that their clients come up with. With an MSP, though, you can expect on-demand service.
Author: Volantis
What Is Human Capital Management?
Human Capital Management (HCM) is an approach used by a number of companies these days, through which they perceive employees as assets or human capital. This is done so that their current value can be measured, and future value enhanced by making appropriate investments.
Employees are given clearly defined performance expectations here. Managers need to ensure that their teams perform according to expectations, in a bid to achieve the required business goals.
Human Capital Management Software
In the back office, HCM exists as separate suite that is integrated with the enterprise resource planning system or as a component of the system itself.
Author: Volantis
To run an organisation smoothly, it’s important to have a comprehensive understanding of the assets involved. Anything that your company finds useful could be called an asset—ranging from important documents, to revenue, to office space, and even that talented employee. This is where organisational asset management plays a vital role.
To phrase that technically, any entity that has potential value that would benefit your organisation can be called an asset. It could be tangible or intangible, and is a unit that represents the value of ownership, which can be converted into revenue.
Once you have the assets all mapped out, you need effective administration to ensure an efficient business system. You want to be able to use, as well as account for, all the valuable resources. Whether your company leases it or owns it, you should be able to locate the resource and identify its utility, while also making sure it is well maintained.
Author: Volantis
A business is only successful if its resources are appropriately matched to its requirements. However, while investing in IT infrastructure, companies often fail to devise a consistent and appropriate IT strategy.
The lack of a proper IT strategy, in turn, results in an inability to meet deadlines, inadequate funds, and not being able to attain business goals. That’s where an onsite consulting service comes in.
What Are Onsite Consulting Services?
A good onsite consulting service can help your company develop a clearly defined IT strategy. It can also help you set achievable goals, and meet them at every level of the business. An onsite consulting service can also recruit—and help retain—accomplished technology professionals, and implement software development methodologies and quality processes.
Author: Volantis
Robotic Process Automation refers to a form of automation through which a company sets up software to interact with applications that are used to manipulate data, process transactions, and communicate with various other digital applications.
Any firm involved in knowledge process work will find RPA quite handy, labour efficient, and cost-effective. This kind of setup is useful where people are engaged in high intensity and high transactional processes.
Robots have revolutionised the industrial sector by increasing the production rate, as well as improving the quality of the products. The same can be said about RPAs; they give wings to the IT support processes, back-office work, remote infrastructure, and workflow processes.
RPA effects drastic improvements in efficiency and increases productivity in transaction processing. It also boosts work culture by eradicating dullness and repetition.
How Exactly Does RPA Benefit The IT Industry?Author: Volantis
Strategic Sourcing Process is an organised procurement approach that companies use to assess, re-evaluate, and upgrade their supply chain management system. This is done so that the organisation can use its consolidated purchasing power to fish out the best deals in the market.
Strategic sourcing analyses what a firm buys, its source, its price, and at what quantity/volume. This process of procuring is different from a conventional purchase. This is because it focuses on the entire life process of the product, and not just its initial market price.
The word ‘Strategic Sourcing’ was made popular by several blue chip companies via various consulting companies during the late 80's and early 90's. This methodology has since become a standard procurement procedure in large and sophisticated firms.
This article will brief you on the processes involved strategic sourcing.Author: Volantis