Peak Knowledge Bank

Team Meeting: Its Significance!!  With newer technological advancements rapidly entering every aspect of business, the HR department finds it a daunting task to tackle these dynamic transitions, as employees are not future-ready and adaptive to these evolutions. As businesses are constantly bombarded with newer challenges at various levels, it’s imperative that organizations be ready to […]

When experts from various departments of an organization work together to identify and recruit a new person, it leads to an optimal hiring decision. The absorbed new hire will be the best fit for the organization in terms of aligning with organizational goals, integrating with its culture in a seamless manner, and starting to contribute

Organizations evolve over generations under the stewardship of many leaders and undergo drastic transformations during their course. The endeavor in which a new leader fills in the position of the previous leader is known as succession, and the term succession planning ensures that businesses continue to run smoothly and without interruption after important people move

What is an Employee Life Cycle?  The employee life cycle, in simple words, is the various phases an employee goes through from the initial stage of recruitment to the final stage of separation. Successful SMEs are the organizations that strategically implement policies and enforce actions that focus on the retention of top-quality employees. The two

What is HR automation?  HR automation, in broad terms, signifies the inclusion of technology in HR operations. Common uses of HR automation are applicant job tracking, onboarding software, and payroll systems, among other aspects, which give HR professionals excess time to focus on more strategic initiatives.  What happens when SME’s fail to deploy HR automation? 

What impact does a wrong hire bring to the organization?  The impact of a wrong hire can be substantial and wide-ranging, affecting various aspects of an organization:  Financial Costs: Hiring the wrong person can result in significant financial costs associated with recruitment, onboarding, training, and potential termination. These costs can include advertising expenses, recruiter fees,

New hires are very crucial for an organization growth and continuity as it directly impacts the business in terms of costs and productivity. Allocation of resources gets a shift in the gear to improve turnover and reduce costs. Even interaction with customers and clients gets a thumps-up as many new hires provide excellent service, resolve

Mastering the Art of Effective Communication in the Workplace  What is communication in the workplace mean? As organizations are catering to clients beyond geographical proximities there is a huge influx of raw and processed data that needs to be managed on a real-time basis. This data is collected, stored, processed, channelized and presented to each

Many employees are singulars who can only work and contribute as a solo entity. But, in reality in today’s complex and everchanging world of businesses the name single or a one-man show is no longer existent and is rapidly being replaced by a dynamic name termed as ‘Team’. Teams are formed in organizations to solidify

Many world class organizations have one hypercritical issue that keeps haunting and denting their organizational growth. This problem if not strategically dealt with makes them exposed to face huge losses, hostile takeovers and virtually incompetent to exist in their domain. The issue is none other than finding and retaining the top performing ‘Talent’.   What