Saying that the nature of work has changed is an understatement.
Digital technology is disrupting business models and radically changing workplaces and how work is done. Organisations are becoming flatter, and millennials who make up more than half of the workforce, are redefining employer loyalty, amongst other things.
And we have not even discussed the impact of AI and Robotics on jobs.
Businesses no matter how large or small they are are taking employee perks into consideration when looking for ways to improve the employee experience.
According to a 2015 Glassdoor report, employees are prioritizing them over money, saying they would rather receive stronger benefits than a pay raise. This is a significant and new way of thinking about our jobs that can no longer be ignored.
The excel sheet that has held payroll data since the company’s inception decades ago is so bloated that the time taken to open the file could allow one to make a cup of coffee, finish it up and make another.
And that’s just the beginning as it will take at least half a day to process the fifty employees payroll as new rows are created and formulas are pasted.
Anwar Shaikh writes about startups, human resources, cloud technology, chatbots, analytics and all things technology. A self-trained writer, Anwar writes for Pocket HRMS, a leading provider of cloud-based payroll software for small and mid-sized businesses across India.
Anyone working in the recruiting business is well aware of the immense workload and pace the profession requires putting in.