theHRDIRECTOR Blog
369 FOLLOWERS
The only HR publication dedicated to informing HR Directors and Senior HR Managers, theHRDIRECTOR is an independent and feature led publication. It provides in-depth HR analysis and proven HR strategies to enable HR Directors to keep on top of this fast-paced industry.
theHRDIRECTOR Blog
6h ago
Businesses should avoid making rash decisions over flexible working requests in light of recent amendments to the Employment Rights (Flexible Working) Act 2023, which now gives staff greater rights when it comes to requesting flexible working, says Crown Workforce Management’s flexible working consultant Neville Henderson.
Agreeing to too many flexible working requests could impact one’s ability to meet customer demand, while rejecting a request without an evidence-based reason could now land a business in legal trouble, argues Neville, who is urging all businesses to collate evidence on how ..read more
theHRDIRECTOR Blog
6h ago
Multinational companies face an ever-changing set of challenges and opportunities in an increasingly globalized world. One of the key areas that has seen significant evolution over the last three years is the practice of Multinational Pooling for employee benefits. While many organizations have heard of captive arrangements or local profit-sharing agreements, Multinational Pooling is often overlooked.
What is Multinational Pooling?
Multinational Pooling is a mechanism that links employee benefits plans worldwide. This solution has been instrumental in streamlining benefits administration acro ..read more
theHRDIRECTOR Blog
4d ago
“What would I eliminate if I had a magic wand? Overconfidence,” stated the Nobel laureate Daniel Kahneman. In business it drives CEOs to take excessive risks, engage in value-destroying mergers, the low-paid to overly strive for bonuses, and key staff to dismiss feedback. But it’s not being eliminated anytime soon. As Kahneman explains, overconfidence “is built so deeply into the structure of the mind that you couldn’t change it without changing many other things.”
Since businesses and HR directors have to live with overconfident employees, it’s helpful to understand this trait in detail. Res ..read more
theHRDIRECTOR Blog
4d ago
AI is creating an increasing sense of anxiety, excitement and joy, all at the same time!
Predictions about technology replacing humans seems to be defying logic and generating sensational headlines.
Recently, an article emerged from this void with the audacious claim that contact centres will be as extinct as the dodo within two short years, thanks to the relentless march of Artificial Intelligence (AI).
As enticing as it might be to envision a world where our calls are always answered by an infallibly polite and omniscient AI, let’s not pack up the headsets just yet. It’s time to debunk this ..read more
theHRDIRECTOR Blog
4d ago
Major mergers and acquisitions entail a high level of risk for any private equity firm. Between 70% and 90% of M&A fail to deliver on their investment plan, while 60% of transactions actually destroy, rather than create, shareholder value.
Even successful M&A face difficulties in realising post-deal value creation. An analysis of over 15,000 companies found performance, growth, and margins typically decrease following a PE acquisition. The analysis points to management misalignment, distraction and structural changes as the common causes.
The Body Shop’s recent struggles demonstrate t ..read more
theHRDIRECTOR Blog
1w ago
While financial year-end might feel like a dull administrative deadline, it should be viewed as a window into new opportunities for businesses.
It provides businesses with the chance to analyse past performance and make strategic recommendations for the year ahead. For businesses to benefit the most, their data needs to be accurate – otherwise there is risk to both reputation and finances.
Ultimately, a well-managed business is a profitable one and, in this current economic climate, businesses can’t afford to get this wrong. Luckily, there are three key technology-based solutions businesses c ..read more
theHRDIRECTOR Blog
1w ago
On Budget Day, we heard more promises that we would learn more about the government’s plans to tackle tax avoidance in the umbrella sector in the upcoming Tax and Administration Day planned for April 18th. However, I fear that too many stakeholders are pinning their hopes on these announcements and will only be disappointed once again. The calls for the sector to be regulated are growing, as a result of increased non-compliance, and HMRC has now got its back against the wall to introduce some sort of regulation.
However, I believe that any regulation may take the form of regulating empl ..read more
theHRDIRECTOR Blog
1w ago
In today’s hyper-competitive business landscape, the precision of HR decisions can make or break an organization’s success. Given that a bad hire can potentially cost up to 30% of an employee’s first-year earnings, there’s a heightened urgency to optimize recruitment and talent management processes.
This need has driven the transition from traditional paper-based methods to cutting-edge digital HR assessment tools, promising to mitigate financial risks while aligning HR strategies with modern workplace dynamics.
The Imperative for Precision in HR Decision-making
Effective HR decision-making i ..read more
theHRDIRECTOR Blog
1w ago
Over the past several years, it has become increasingly clear that benefits aren’t keeping pace with shifting employee demands and expectations. At a time when employees want more robust financial support and flexible benefits that meet their unique needs, too many HR teams are still reliant on traditional benefits such as PTO. Employees leave huge sums in unused PTO on the table each year, which means they’re not getting the full value of the benefits they’ve earned while companies are confronting large balance sheet liabilities.
HR teams are exploring innovative approaches to benefits that ..read more
theHRDIRECTOR Blog
1w ago
As the world hurtles towards an increasingly digitalised landscape, our HR, recruitment and background screening industry finds itself at a pivotal crossroads. The integration of automation, data analytics, and artificial intelligence has undeniably brought about important efficiencies that are transforming processes for the better. But at the same time, as a sector we’re in danger of losing our soul.
The vital essence of all service-related industries like ours is providing a great experience to our customers – in our case employers and candidates. But so many organisations in our field ..read more