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Why is Corporate Social Responsibility (CSR) gathering attention in the business world?

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(Source : Interregeurope, 2021)          Introduction  People and companies who behave ethically and with sensitivity for social, cultural, economic, and environmental issues are referred to as social responsibility in business, also known as corporate social responsibility (CSR). Individuals, businesses, and governments can have a positive impact on development of their businesses, and society by pursuing social responsibility. It's not only about counting short-term costs and benefits when it comes to making smart business decisions. Wise decision-makers think about how today's decisions will affect people, and the community, and customers' opinions in the future. Companies that subscribe to CSR integrate social and environmental concerns into their business operations and engage with their stakeholders on a voluntary basis, according to the report. From this perspective, being socially responsible means that an organization not only complies w...

Which Factors Affect Employee Retention?

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  (Source: Robert Kneschke,2018) Introduction Employers should use a variety of employee retention strategies to ensure that their employees aren't looking for work elsewhere. It's critical to have programs and incentives in place to ensure the best employee experience, from flexibility to development (Holzer, et al., 2001). We'll look at important policy decisions staff retention elements that most modern managers overlook. Work schedule flexibility Today's workforce has a different perspective on "work" than previous generations. The clock-in/clock-out attitude is no longer in use. Employers must prepare for a new employee attribute known as individualism. Work-life balance is important to today's workforce. Work will continue to change as our approaches to it change. Although we do not believe that every company should need employment flexibility, we do believe that companies should be willing to consider it. Working from home is appealing to new ...

The importance of talent management and why companies should invest in it?

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  (Source: Mohapatra, 2020) Introduction Talent management is not a basic human resource buzzword. Hire, manage, develop, and retain the best personnel in the industry. Talent management is crucial in business strategy since it handles one of the company's most valuable assets, its employees. To retain personnel, firms should make an effort to successfully manage their talents and competencies  (Grillo, 2015) . Why should businesses invest in talent management? Attract top talent  - Having a strategic approach to talent management enables firms to attract the most talented and skilled individuals. It establishes an employer brand that can attract new employees, hence improving the organization's business performance and results. Employee motivation - Having a strategic talent management program enables firms to retain their employees' motivation, providing additional reasons for them to stay in the company and perform their assigned jobs. Indeed, a poll by Merhar (...

Strategies to Prevent Workplace Sexual Harassment

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(Source: Mann & Elias, 2021)   Introduction A safe working environment for all employees. Sexual harassment can make your employees feel unsafe and uneasy at work. The resulting harm can stain otherwise wonderful memories and experiences for life  (Gupta, 2008) . As an employer, you must ensure that your employees are protected against sexual harassment in the workplace. As a result, it is tough to respond to and handle. But it must be handled. Follow these guidelines to effectively handle sexual harassment in your workplace. 11 Types of Workplace Harassment That Can Put Your Business at Risk | Sentrient (Source: Sentrient , 2020) Strategies to Prevent Workplace Sexual Harassment Ensure your workplace has a sexual harassment policy in place Your organization should publish a policy prohibiting sexual harassment on the job and ensure that all employees are aware of it. The policy should provide explicit mechanisms for whistleblowing and reporting. If your workplace does...

Recruitment and Selection Strategies for the Modern Workforce

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  ( Source : Innovation and Economic Development, 2017) Introduction Remote work has changed many aspects of life. Around the world, more people are working remotely instead of going to offices and cubicles. Thus, the modern workforce is rapidly evolving into a new and unique place to recruit and hire new employees (Bratton & Gold, 2021). Recruitment and Selection Strategies for the Modern Workforce A lot has changed in the last two years. There are far too many unfilled positions and far too few qualified applicants to fill them. These strategies will help you connect with the right people and hire them, despite the hard competition in many industries. The HR process Must Feel Personalized Nobody wants to be a number. Appreciation for a job offer is a thing of the past. People may choose where and for whom they work, due to the availability of remote work. If you want to hire the right people for your available roles, you'll need to take active steps. Part of successfully hiri...

What is the best way to judge employee performance? Tools and criteria used for successful evaluation.

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  Introduction Employees are the driving force behind a company's success. As a result, it should come as no surprise that employee performance on a daily basis has a significant impact on a company's success or failure. Simply said, employee performance refers to how a member of staff performs their job obligations, completes essential tasks and acts in the workplace.  (Bowen & Ostroff, 2004) . How to evaluate employee performance Performance reviews can be intimidating for employees and managers alike, but they are a necessary first step. Without conducting a thorough evaluation of each employee's performance, you risk wasting valuable time and effort implementing improvement plans that fall short of addressing the root cause of the problem. Take time during this stage to ensure that you receive an accurate and comprehensive assessment of the individual's performance, which will serve as a solid foundation for developing improvement plans.    3 60-degree feedba...

Health problems in the workplace: How can it affect company productivity?

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  Introduction The workplace continues to evolve, as do employee health and productivity concerns. Faced with increased global competition, rising healthcare costs, and decreasing profit margins, forward-thinking companies are focusing on health and wellness programs to improve employee well-being and, as a result, company performance. Employees who are unable to work due to illness are a financial burden on a company. As a result of absenteeism, presenteeism, and employee turnover, productivity diminishes when an employee's health is affected. Health affects work For the majority of employers, the concept of a downside to hard work creates an inherent tension. While a good book and a hammock in the shade can help alleviate tension, neither of these activities produces widgets. Anyone going into the executive suite with the intention of reducing work hours, increasing vacation time, and the like better have a strong business case. To make the case for change, human reso...