Why Do Enterprises Use Workday? Workday is a cloud-based software company that generated more than five billion U.S. dollars in revenue in the company's 2022 fiscal year. It specializes in providing Human Capital Management, Financial Management, and payroll solutions for businesses. The...
Did you know? Enterprises deploy about 364 applications on average—yet only 45% are used on a regular basis? That means about 200 apps do not get used regularly. Let’s assume each of those 200 apps is supposed to be used regularly by 4 users, and the per-user license is $30 per month. Monthly...
The number of businesses wishing to install new Human Capital Management (HCM) systems and shift existing on-premises HR systems to the Cloud has significantly increased over the last several years. Determining the cost of Cloud HCM solutions is a necessary step in the procurement process, but...
This Forrester New Wave™ Report by Forrester Research, Inc., evaluates the emerging market for Digital Adoption Platforms (DAPs) based on ten criteria. They analyzed the 10 top vendors in the market, where each vendor was designated a score and then placed accordingly in the Forrester New Wave™ as...
According to CIO magazine, one-third of all customer relationship management (CRM) projects fail. There were several causes - data integrity issues, technology limitations, software adoption challenges, training barriers, and more. But according to Scott Edinger, author of "The Hidden Leader," ...
With the rapid growth in cloud technology and cloud computing, enterprises are reinventing themselves for changing needs. This means that they need to upgrade their IT infrastructure and processes regularly. Most software providers are offering their products as web-based applications, which is the...
ERP plays a vital role in any organization. Implementing ERP Software can be a challenging and cumbersome task. So, it becomes crucial for Enterprises to be aware of the implementation process before they begin working on it. Let's get to the point straight. A survey by Ultraconsultants found...
Digital Transformation is integrating digital technologies into all aspects of an organization to improve productivity and workflows. Companies use tools to help organizations plan, execute, and track their digital transformation progress. Research says that work overload can reduce productivity...
"Do not be embarrassed by your failures; learn from them and start again." - Richard Branson. Since customers are a company's lifeblood, it makes sense to have data that provides you with as much information as possible about your customers, including their requirements and experiences. With the...
Workday has more than 55 million users in its system; it serves some of the largest enterprises in the world. Workday annual memberships may cost up to $40-160 PEPM and normally start at approximately $300K-$800k. You must implement it effectively to make the most of the application and ensure a...
One of the most crucial things you can do before starting an ERP implementation is to choose the right ERP software for your business. There will come the point when sheer manpower is insufficient to keep the organization organized and, more importantly, competent. It is for this reason that...
Productivity is significant because it represents how much more efficiently a society can convert its resources into desirable products and services over the long term. Forrester's analysis reveals that at the industry level, the relationship between tech investment growth and productivity has been...
Your customer relationship is essential to the business's survival in any organization. However, each business has its approach to maintaining these relationships, depending on the industry or product offered. Most enterprise companies invest in CRMs to build meaningful relationships with their...
Customer acquisition and retention are essential functions of every business. Customers are the assets that each company needs to generate money. Businesses use Customer Relationship Management (CRM) to retain existing clients, increase customer loyalty, and give a great customer experience. ...
Human Capital Management (HCM) systems help organizations manage employee data in various ways. The primary goal is to aid the administrative functions of the Human Resources department. The functions include performance management, payroll, training, recruiting, and compensation. However, the...
Before the pandemic, the ability to work from home was an option that was only available to freelancers and a few business owners who were able to run self-reliant businesses. There were also content creators in the media industry who had this freedom. A lot can be learned from various sectors when...
With the advancement of technology over the past few years, there has been an increasing need for optimizing the supply chain process. The common challenge for most enterprises will be implementing their supply chain management system without any hurdles. But, enterprises need to do a lot of...
Enterprise Resource Planning (ERP) is one of the most complex yet valuable applications that any giant organization uses. A correctly deployed ERP system may enhance company operations 95% of the time and cut operational and administrative expenses by over 20%. However, according to G2, up to 50%...
The term employee productivity doesn't always need to refer to increased efficiency. It can be more related to the quality of work done over a period. Organizations looking to improve employee productivity should implement steps that can help them improve the quality of work over a short period,...
Onboarding is the process through which new employees learn the information, skills, and behaviors to become effective and productive organizational members. It refers to the process of involving a new employee in the business and its culture. Employee onboarding is a phase between interviewing...
A strong employee training plan can qualify as the backbone of an organization and not just a way to train the employees. It can help you handle change, transformation, and disruption if it is done right. However, keeping up the morale can be a difficult thing to do. There are multiple factors that...
Enterprises need a new way to connect with their customers in this digital age. That's where the Customer Relationship Management (CRM) technology comes into the picture. CRM helps businesses manage, modify and gain detailed insight into their company operations. CRM has continuously evolved...
Microsoft implementation isn't an easy process. Enhanced functionality brings with it added layers of complexity. In many instances, failure to devise robust change management and adoption strategies is why the Microsoft implementation fails to deliver the required results. Change management...
The term Business Process has been in existence for a century, but with time its context has changed. But one thing is consistent that is its importance. Irrespective of your industry, the business process help to streamline the business and drive the organization towards a goal. Creating a...
Technology has become more critical than ever to enterprises during this pandemic. The use of technology can benefit a business in many ways. And that is why businesses believe that technology adoption is vital to success and growth. Technology adoption helps companies boost their employees'...
ServiceNow is a cloud-based platform toolset that empowers businesses to automate and consolidate many requests, services, processes, and workflows. It helps organizations streamline and automate routine tasks to achieve operational efficiency. ServiceNow has its root in IT Service Management...
Organizations are always on the lookout for talented employees, and the need is greater than ever. Most enterprises are changing; they need intelligent and adaptable people who can fit with their culture and add value to it. But the supply and demand in the job market are uneven; this results in...
The First Industrial revolution happened in the 18th century when products were developed through machines and reduced the manual effort in the process. This was the first time product creators could scale and look beyond traditional workshops. Between 1871 and 1914, the next manufacturing shift...
Oracle HCM has the power to engage and manage your global workforce. However, it can slow down business operations and impact overall productivity without effective onboarding, training, and adoption. Oracle provides comprehensive HCM solutions that are flexible, intelligent, and effective to meet...
Workday provides cloud-based software solutions for human capital management, enterprise resource management, and financial management. Designed for medium-to-large enterprises, Workday's all-in-one solution includes payroll management, time tracking, HRM, people management, and data analysis...
Employee performance is the key to organizational growth and success. Companies face several challenges in improving and maximizing their workforce productivity. They spend thousands of dollars every year finding strategies that can boost their employees' performance. From the get-go, write down...
ServiceNow is an extensive Information Technology Service Management (ITSM) suite that provides businesses with integral services on a single platform. ServiceNow is one of the best ITSM plans today. It offers a range of management solutions in workflow for several organizations. ServiceNow is a...
Oracle Cloud Human Capital Management (HCM) is a cloud-based software for global HR and workforce management. Oracle HCM enables your HR professionals to manage each stage of the employee lifecycle, right from onboarding to managing timesheets and payroll, to enhance the performance and...
Employees who are distracted are a burden on businesses. Employees who feel motivated and engaged come to work regularly, stay longer, and be more productive. Providing opportunities for employees to develop their knowledge is perhaps the most effective technique for enhancing operational...
Salesforce CRM is a widely used application, with over 150,000 companies using it. While a great CRM solution such as Salesforce makes salespeople's jobs easier, a company requires much more to get the most out of its Salesforce investment. Salesforce is constantly updating and expanding its...
Today, several companies are in constant flux as they need to respond to the fast-paced external business environment, local and global economies, and, inevitably, technological advancement. This means that processes, systems, and strategies are always evolving for an organization to remain...
Communication is essential for any workplace change, especially when implementing new software or systems. Poor communication can derail a project before it even has a chance to get off the ground. Communication is an essential aspect of any change initiative, and it should be constant,...
Organizations must continuously evolve and adapt to the latest market trends, changes in technology, and shift in trends. The change management process addresses the employee's side of change. Creating new work processes and implementing new technologies can be tedious without the involvement of...
The success of an organization tremendously relies on its employees. Effective employee onboarding and training practices can break your organization's bottom line. It is high time that companies realize this and invest in practical employee training and onboarding platforms and programs. 9...
With increasing competition, businesses are forced to make constant changes to their operations and work culture to stay ahead. Organizational change has become commonplace, and most companies struggle to drive effective change. What is Organizational Change? Organizational change refers to the...
Digital transformation helps businesses increase efficiency, solve challenges, overcome pain points, and create superior customer experiences. Companies are empowered to do more with data, engage customers more effectively, and make their workforce more efficient. However, implementing the tools...
Organizations today have gone through an average of five major firmwide changes in the past three years - and nearly 75% expect to multiply the types of major change initiatives they will undertake in the next three years. With these many changes being brought in, organizations have to be prepared...
While employee onboarding practices have seen several changes over the last decade and are still evolving, its core value remains the same. The benefits of a good employee onboarding experience are immense. According to this research by Glassdoor*, a great employee onboarding can improve employee...
Change is a prominent and continuous process in any organization. Disruption is likely during periods of change, which can be challenging to change managers. Companies are starting to look for innovative new ways to manage change. A digital adoption platform (DAP) is the most sought-after...
Since 2020, organizations have faced a lot of challenges that have posed a significant threat to their continuity. One of the biggest ones being the lack of digital innovation and infrastructure. Fast-forward to 2022, more than 91% of businesses are planning to go digital-first. To achieve this,...
The learning and development landscape has changed more since 2020 than in the past decade, with the consequent flow of transformation pushing L&D experts to rethink how they handle corporate learning. Corporate Learning is training and educating employees about new tools, techniques, markets,...
The recent changes in the business landscape have immensely impacted employee performance and business outcomes. This is mostly in the form of companies introducing new and innovative technologies to optimize business processes. However, an organization cannot just roll out new software and expect...
Organizations that are expanding or looking to improve their competitive edge are investing in digital transformation initiatives. In fact, in a recent report, IDC stated that digital transformation investments will be accelerated at a CAGR of 16.5% which is higher than 2019-2021.* This is...
Digital transformation has impacted every aspect of business and with it comes new enterprise software and technology. From the day that new software is implemented, L&D and IT teams have to make sure that every employee leverages the software for its intended purposes and that the enterprise’s...
Digital innovation leaders are the modern business commanders since they are the ones trying to maximize and optimize the usage of the available digital assets. They invest in new digital technologies or use the existing ones with the objective of improving business processes and helping the...
In this age of intuitive technology, digital transformation is an imminent step for any enterprise. It is imperative to do so with a strategy that outlines this transition into the digital space. Many organizations tend to confuse this digital migration with app development, emphasizing the user...
Organizational change is all-pervasive in today's world, even more so since the onset of the COVID pandemic. Change occurs continuously, and often, at rapid speed. These changes can be anything from restructuring leadership, and hiring new employees, to adding new policies, or introducing and...
With the digital revolution taking over the world, almost every aspect of a business has been impacted, including compliance. It has become a necessity to digitize compliance and enable digital record keeping. Consider this stat, for instance. 61%* of IT teams have experienced at least one...
It is imperative for business leaders to set work goals for their employees to ensure that they’re productive. They have to tread cautiously, making sure not to micromanage their teams while providing them with the right work-life balance, alongside making them productive and helping them...
Organizational development is the process of improving an organization’s capabilities in terms of people, strategy, process alignment, and more. Organizational Development training is a way to prepare the team to handle operations and contribute towards the development of the company. It involves...
Digital technologies are helping businesses like never before to take the modern approach and revamp their business models. In the recent past, due to the obvious disruptions brought about by the pandemic, companies have opted for the ad-hoc route. But this is not sustainable unless they are able...
We’re so dependent on technology and software to power our businesses that it is almost impossible to imagine a time when this was common. But for all the time and money spent on the R&D, there often remains a gap between the capabilities of the application deployed versus the value generated from...
Looking back, in the pre-pandemic world the term ‘change’, in the business world, was associated with improvement, and refinement. Fast-forward to 2022, change is existential. It is not only important but crucial for the survival of any organization. The business world, today, is under continuous...
The ultimate aim of digital innovation is to provide a strong customer experience and exceed their expectations, not just satisfy them. Today, businesses ranging from restaurants to taxi services are heavily dependent on the agility of the technology that they use. Digital innovation ideas can...
Successful businesses are built by people; building a trusted and effective team is essential for ongoing growth and sustained success. While there are many ways to positively impact employee satisfaction and retention, one frequently overlooked aspect is the employee onboarding process. An...
For most business leaders, the phrase ‘Digital transformation’ isn’t new. Companies have been using technology to improve their business for decades now. But the pandemic has forced companies to make changes to their business to serve their customers using digital means – In a way, reiterating the...
In today’s world, change management may appear to be a cup of coffee; yet the reality is far from that. With new digital devices coming out every day, it can be overly challenging for employees to keep up with technology. The global pandemic changed our way of life showed us how important it is to...
Every year, the expenditure for employee training and development programs is increasing exponentially. To obtain value out of this spending, companies must make their employees receive effective training. For a training program to be effective, you must have training effectiveness metrics defined,...
Investing in a Digital Adoption Platform can be one of the most transformative business decisions an Enterprise can make, given the myriad benefits that it provides. However, it is not an easy one. There are several parameters one will have to take into consideration before investing in a...
Digital innovation has become essential in today’s world, with businesses using it to streamline processes and increase efficiency. It allows companies to stay ahead of their competition by constantly implementing new technologies that improve operational efficiency and customer experience. A...
Despite the fact that we live in an information era, most businesses are unable to fully utilize the information available to them. Organizations that realize that information is a valuable asset today, have a competitive edge over their competitors and are regarded as industry pioneers or leaders.
The global business universe has had to adapt to unimaginable changes since the outbreak of the pandemic. While this has, by no means, been an easy feat, there is solace in knowing that disruptions can prove to be positive too. The missing piece in this puzzle is how effectively you execute your...
At the dawn of the 21st century, technology took center stage and pushed all enterprises to take a tech-centric approach. Today, the effectiveness of the IT strategy directly affects the business outcomes. This relation is exponentially increasing, making tech an indispensable part of businesses. ...
Seeing the rapid digitization of the world, giving your business a digital transformation is crucial as it allows businesses to remain ahead in the competition. While you take a step towards digital business transformation, make sure you figure out what exactly is needed, in which areas digital...
The word digital dexterity is not new, but the usage of this term has increased in the past couple of years. Dexterity means 'ease in using hands'. Here, the workforce is in the hands of enterprises to leverage digital technologies. To achieve success, companies need to first invest in developing...
Around 1776, Adam Smith addressed the value of people in an organization, he highlighted the importance of humans to drive micro and macroeconomy. Since then, many economists and organizations brought their version of 'Human Capital' but over time its importance has increased. Fast-forward to...
Change is never easy, especially in a large organization. Whether you’re changing software, processes, or organizational structure, change can make your team members feel uncomfortable. People are naturally resistant to change as described in the classic book “Who Moved My Cheese?” So before you...
Every industry is becoming technology-centric as it helps companies to achieve their desired goals by satisfying customer needs. Great progress has been made in the last 10 years towards digital and yet there are tons of problems that become stumbling blocks for streamlining digital access across...
The business environment is ever-changing. To keep up and thrive in such an environment, businesses should keep up with this dynamic market and evolve and adapt to the market needs. Bringing in changes is necessary for businesses to stay relevant and in the race. Change management is the process...
The COVID-19 pandemic disrupted our lives and business, forcing significant changes in the way we work, shop, and interact. Many of those changes are likely to continue. So, as we prepare ourselves for the future, what digital transformation trends should companies look forward to in 2022? Digital...
Change management is crucial for an enterprise to succeed and drive business outcomes. Over 75% of organizations are looking to add more change management initiatives in the next 3 years. This clearly shows that organizations are beginning to understand the importance of change and looking to...
The increasing popularity of remote work demands employers to find an effective employee training trend that best suits the current situation and beyond. Given this context, it comes as no surprise that personalization is becoming increasingly important in employee training and development. If you...
Companies are constantly making changes to their operations in order to be more agile and innovative in this digital era. Manufacturing companies that want to succeed must also accept digital disruption as a reality and create digital transformation strategies. The ultimate success through...
Enterprise digital transformation is no longer a “nice to have”. Instead, it’s become “essential” for many organizations just to keep pace with changes in consumer behavior and advances in technology, such as Artificial Intelligence (AI), Machine Learning (ML), and Blockchain. Fueled by the...
The world is slowly returning to normal and the hybrid work model is taking center stage. Organizations are finding it relatively more difficult to create an effective onboarding program. If new hires have negative onboarding experience, they are two times more likely to look for other...
Onboarding processes can overwhelm employees with new and complex knowledge, restricting their ability to absorb, analyze, and apply what they've learned. Traditional training approaches might lead to knowledge loss over time – even between the time an idea is introduced and it is applied at work ...
COVID-19 has disrupted the global supply chain which has impacted the world economy. The healthcare and retail industry has been affected as providing medicines and daily essentials remotely to customers is impossible. In 2020, some countries completely shut down because of COVID-19 and the supply...
Implementing an Enterprise Resource Planning (ERP) system is a massive undertaking for enterprise businesses because of its complexity and the far-reaching consequences of getting it wrong. For example, Hershey's suffered a 19% drop in profit, a 12% drop in sales, and lost market credibility...
Businesses understand the need for digital improvements but just 7% have completed their digital transformation initiatives so far and moreover, the majority of businesses that have adopted digital technology faced significant failure rates. The solution is to prioritize and promote digital...
Organizations are rapidly changing and moving towards digital transformation, which is the need of the hour. Now that most employees are working remotely, incorporating transformational change management at your organization has become a necessity. Effective tools, processes, and organizational...
A great employee onboarding program is crucial for organizations that are aiming for long-term success. In a recent study, it was found out that 1 in 4 employees leave the job within the first 6 months.* There are many reasons for this such as candidate-company fit or candidate-job fit but the...
Business improvement is always at the heart of any successful business. In 1913, Henry Ford invented the moving assembly line which helped him produce more cars in less time. Because of this, they were able to reduce the production cost, deliver more cars on time, and improve the overall efficiency.
Onboarding is one of the most essential processes when it comes to employee experience and retention. This helps an employee integrate into the workforce and the company’s culture. The outbreak of COVID made many enterprises switch to the work from home model. Onboarding remotely working employees...
The pandemic has greatly impacted all industries. The aviation industry is one of them that has been severely affected. Developing digital capabilities can help the industry adapt to the effects of the pandemic. Most airlines have actually been open to a certain degree of transformation even before...
Employee skill development is crucial for business growth and success. After going through extensive recruitment processes, if the organization doesn’t focus on training and onboarding the recruits into the organization, they miss out on a lot of the employee’s potential. An efficient employee...
Working remotely comes with a lot of benefits, making it a popular choice among workers and employers alike. While you get to create your own schedule, you also don’t lose time commuting and get to spend more time with your family. However, there is a common downside of remote work. A lot of...
The corporate world is starting to understand the value of having interactive training as an integral part of their training program with the help of interactive training software. Companies are heavily focusing on e-learning methods that provide interactive learning and empower the employees with...
Sooner or later, enterprises have to take advantage of digital transformation. Whatever industry they are in, markets are constantly changing in response to emerging technologies. Digital transformation, by driving innovation, better equips enterprises to handle digital disruptions in the future. A...
The COVID-19 pandemic has caused a massive shift in work environments and it has also impacted learning and development at organizations. Given how almost all professionals are having to deal with unseen challenges, it comes as no surprise that L&D professionals too are concerned about how they...
The pandemic has sent shockwaves through global economies and disrupted businesses across the world. The ensuing economic crisis has forced businesses to reassess their business continuity models. Traditionally, Business Continuity Planning (BCP) has been an overlooked subject which is now gaining...
In this competitive world, companies need to constantly find innovative replacements or updates for traditional processes. Legacy systems have to be replaced with the latest, most efficient ones. Business processes have to be optimized to achieve the desired output. Similarly, hiring and training...
Today's workforce expects modern and innovative training techniques. So, think outside the box when developing the training plan for your employees. Your workplace training plan shouldn't just be your new hire walking in and you drop all of the information on their desk. To ensure that your...
Today’s workplaces are fraught with complexity for Human Resource professionals. In addition to recruiting, retaining, and developing a talented workforce, HR professionals must adhere to legal, regulatory, and compliance requirements. Technology has the power to empower HR professionals and...
In today's world, process compliance is nearly a requirement for all businesses, regardless of the industry, it is in. Business process compliance is the adherence to a rule, policy, standards, specification, regulations, or law while performing business operations. Ensuring that all the business...
Effective change management helps businesses anticipate and address the challenges that result from bringing in organizational change. It helps organizations understand how to best adapt to change and cope with the other changes in the business that will inevitably occur due to it. Projects...
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