Top 3 HR Trends in 2019

As a previous years, 2019 will also see business changes along with major technological, socio-cultural and economic changes. Such types of change will take many problems like  data governance, organizational readiness, and technology which will present multiple challenges that HR professionals, employees, and business leaders have to address.

 

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In order to overcome such problems , organizations must assure that their employees are updated with the skills and expertise needed. Past HR strategies have become outdated as the workforce is expecting more from the human resource department as they strive to contain employees and boost workplace culture.

 

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HR management should be conscious of the transformational trends that are affecting the overall business and spot different procedures to build a stronger workforce.

Artificial Intelligence (AI) Will Simplify Complicated Human Resource Operations:

AI technology has modified the recruiting and onboarding procedure and enhanced internal workflows, thus saving hours for HR professionals so they can search for new development approaches and target on more essential work like building strong relationships with employees.

Chatbots are profitable for HR and eliminate various tasks like automating responses and learning FAQs, minimizing the time HR professional require to spend reviewing and acknowledge to employee requests.

Artificial intelligence is redesigning the standard HR business model by automating almost every procedure, and task and this cognitive computing technology provide an excellent opportunity for all HR leaders to target on correcting the learning and development aspects in the organization and employee well-being strategies while keeping each employee relationship intact.

Investment in Employee Well-being Will Still be on Top

Employees can be impacted by various levels of stress including physical, emotional, and social. Organizations are looking for various styles to help employees cope up with their issues, reduce stress levels, and ultimately be healthy and happy in their work life.

Healthy and happy employees tend to be more productive and work for the organization for a more extended time. New trends suggest that an expanding number of organizations will prioritize employee well-being as a fundamental part of their business strategy in the upcoming year.

Organizations will invest more in innovative employee well-being programs for mental health, managing stress, financial wellness, appropriate and healthy food habits, and more. This plays a pivotal role to increase employee engagement and promote a healthy workplace culture.

Talents Must be Skilled for Future Roles

Being the key drivers of the Fourth Industrial Revolution, automation and AI has minimized the need for physical labor and creates fear of job insecurity among laborers. We are witnessing a blended future workforce with human beings working with machines. Human resource department has to prepare their workforce for this new future.

The up-skilling procedure associate employees having a say in the development of their career through training efficiency, learning, and development, support and guidance from the HR department. This procedure helps HR managers to recognize a potential change in employee goals, motivations of the entire workforce, enabling good talent mobility and drives better organizational performance. Proper up-skilling helps to develop competencies to meet the future requirements of an organization and the market as a whole.

To Sum Up

The HR department in an organization should be up to date with the latest trends prevailing in the market and ensure the company workforce is skilled appropriately to handle upcoming business challenges, also taking care of employee engagement, promote wellness, and boost employee’s overall work life. Also, the implementation of AI and automation for multiple business operations will enable the organization to grow and reap financial advantages.

If you want to learn more about Top HR Trends in 2019 then HR Training in Chandigarh is the right place for you.

A Quick Guide to QuickBooks

A Quick Guide to QuickBooks : More than 4.5 million companies utilize QuickBooks, making it by far the most extensively used accounting system in the world. However, many CPAs generally overlook or underutilize the product’s strongest features. Are you utilizing QuickBooks accurately and getting the most you can out of the product?

 

Following is a list of  QuickBooks features that you should be using :

 

  1. Memorize Transactions

For each company, an important number of transactions recur commonly and QuickBooks contain this by enabling you to memorize recurring transactions. For example, presume a company makes the same monthly rent payment, bills clients for recurring monthly services or records the same monthly depreciation entries. In these cases, QuickBooks can memorize the transactions and naturally enter them for you at regularly expected intervals. This feature can help save time, reduce confusion and expand efficiency.

 

  1. QuickBooks Loan Manager

Many small businesses record loan payment transactions inappropriately, failing to separate the loan payment into the appropriate interest and principal portions according to the loan amortization schedule. Loan Manager affords a solution that enables you to set up each loan with its correlate parameters like term, compounding,rate, fees, balloon payments, etc. Thereafter, Loan Manager will generate the proper loan payment check each payment period, once again saving time, reducing mistakes and increasing accuracy. 

 

  1. Process Multiple Reports

Generally, bookkeepers who do a good job of keeping the books fail to frequently produce and distribute the imperative financial reports each day, week or month for company personnel to utilize in managing the business. In many cases, the procedure of preparing and printing dozens of reports is too time-consuming. QuickBooks affords a solution called procedure Multiple Reports, which enables users to group together dozens of reports and print them all in a single step.

 

  1. Prevent Prior-Period Changes

A common issue with QuickBooks is how simply users can enter or edit transactions in prior periods. To prevent changes, set up a unique username and password for each user and set each user’s inclination to prohibit him or her from ignore the closing date. Thereafter, by establishing a password-protected closing date and moving it forward every month as review and adjustments are completed.

 

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  1. Custom Data Fields

I generally have found custom fields to be one of the most powerful appearance in accounting software. Utilizing these data fields, a clever CPA can overcome many shortcomings in an accounting system. For example, a boat marina might utilize custom fields to track the name of the customer’s boat and slip number and to create a data field suggest whether the customer subscribes to the monthly cranking service.Further, QuickBooks confess users to filter reports utilizing those custom data fields.

 

  1. Batch Invoicing

QuickBooks versions 2011 and higher enable users to create a batch of invoices in a single procedure. For example, a company that needs to invoice 500 customers each month for a $20 Web Hosting fee can generate all 500 invoices in one step.The batch invoice feature also allows users to search for customers confer to custom data fields and then invoice the resulting group.

 

  1. Editing Templates

Invoices, sales orders, purchase orders, customer statements and other documents are assigned to as templates in QuickBooks. These templates can be edited by reconstruct the document and by adding additional columns, data fields, text, images and custom data fields. For example, it may be beneficial to edit the company’s invoice template to consist the sales representative’s name and phone number, additional columns for quantity and rate, or back-order information in the event of partial shipments. A knowledgeable user will review the templates and increase them in a struggle to best meet the company’s requirements. 

 

  1. Remote Access

QuickBooks Remote Access is a Web-based service that allows CPAs to securely log in to their clients’ QuickBooks systems. Remote Access grants the CPA entry only to the client’s QuickBooks application and data and prevents the CPA from viewing other data, like Word, Excel and email files, on the client’s computer. The service takes only a some minutes to set up and, thereafter, the CPA can log in to the client’s QuickBooks to train users, review the client’s books and, if available, enter corrections and adjustments.

 

In my experience, using Remote Access is a better solution than utilizing the QuickBooks Accountant’s Copy method, for various reasons. First, the CPA avoids the require to have the client’s edition of QuickBooks running. Second, the CPA and customers do not have to send the Accountant’s Copy files back and forth. Third, Remote Access affords full access to the client’s data in real time. Further, Remote Access makes it simpler for the CPA to provide monthly and on-demand services throughout the year. In contrast, the Accountant’s Copy approach generally leads the CPA to be involved with the client’s books only at year end. 

 

  1. Stratifying Reports

QuickBooks provides a Columns tool that can stratify financial reports by various column configurations. This performance is valuable for inspecting and scrutinizing a company’s financials. Likewise, that same report could be stratified to display a column for each inventory item, thereby reporting the profit for each item. Other opportunities consist of stratifying columns by month, quarter, year, departments, sales representatives and more . Surprisingly, many famous, high-end accounting systems and enterprise resource planning applications fail to afford this type of profitable reporting. 

 

  1. Using Account Numbers

As an alternative, QuickBooks allows you to display seven-digit account numbers in addition to 31-digit alphanumeric account names. The benefits are faster data entry and the ability to control the sort order of accounts displayed in financial reports. For example, you can use  this feature to determine whether the accumulated depreciation account appears under property and equipment, not above. 

 

However, activating this option also includes account numbers in financial statements and reports, which is not always desirable. To contain account numbers, edit every account and add an account description, then set the Reports-Show Accounts by preference to Description Only. After that, only the account descriptions, rather of account numbers and names, will appear on all financial statements.

 

If you want to learn more about A Quick Guide to QuickBooks then Quickbooks Training in Chandigarh is the right place for you.

 

Meaning and Different Types of Personality Disorders

Meaning and different types of personality disorders : Personality refers to an individual’s style of connecting with people around; his behavior towards others, attitude, thought process and way of perceiving things. It is the personality of an individual which makes him/her unique and stand apart from the rest.

now we discuss here the meaning of Personality disorders :

Personality disorders refer to definite abnormalities in the behavior of individuals. Any form of disability in an individual which inhibits him from doing certain tasks which a normal person can simply do refers to a disorder. Personality disorders lead to some form of abnormality or disturbance in an individual’s personality. Personality disorders are conditions where an individual fails to behave in the desired manner and his thought procedure and mindset are not in line with the society’s norms and expectations. Individuals with some kind of personality disorder fail miserably in relationships, personal as well as professional lives.

Personality disorders can arise due to genetic factors (hereditary factors), environmental problems, cultural issues and so on. Individuals with a difficult childhood are more prone to personality disorders. Individuals with a history of physical or sexual abuse generally show signs of personality disorders. An individual can show signs of personality disorders from childhood which might become critical as he grows. Signs and symptoms of personality disorders differ from individual to individual.

Let's discuss Types of Personality Disorders :

  1. Paranoid Personality Disorder - Individuals with a paranoid personality disorder mistrust others for no reason. They acquire a doubtful attitude towards almost each individual around them. They examine themselves unsafe wherever they go and always look for signs of exposure or threats. They consider each single person as their enemy. Such individuals tend to find a problem in almost every situation.
  2. Schizoid personality disorder - Individuals with a schizoid personality disorder find socializing with others irrelevant and a mere waste of time and energy. Such individuals do not believe in social relationships and favour isolation. They almost separate themselves from the outside world and are lost in their individual small world only.
  3. Schizotypal Personality Disorder - Schizotypal personality disorder refers to a condition where individuals usually think what is practically not possible. Such individuals have an odd behaviour and generally get hesitant in social gatherings, hence suggest staying alone.
  4. Antisocial personality Disorder - As the name suggests individuals difficulty from antisocial personality disorder do not value the rights of other individuals. They generally disrespect people around and have definitely no feelings or sentiments for others. Such individuals tend to develop a feeling of hatred and jealousy towards others.
  5. Borderline Personality Disorder - Individuals with Borderline Personality disorder generally suffer from immensely mood fluctuations. Such individuals always think in extremes and there is never a middle way for them. Such thinking is often called “Black and white thinking” and particulars with such a personality disorder tend to be immensely violent in personal relationships.
  6. Histrionic Personality Disorder - Histrionic personality disorder refers to a condition where individuals can really go to any limit to seek attention of people around. They do not mind even adopting wrong style such as flirting, seductive styles to make themselves famous among others. Such individuals strive hard to grab eyeballs.
  7. Narcissistic Personality Disorder - Such individuals are only concerned about their individual image, pride, social status and are generally self obsessed. Individuals with narcissistic personality disorder think that they are the most special people on earth and no one else actually exists.
  8. Avoidant Personality Disorder - Such individuals feel ignored by others and fear being ridiculed by the society. Individuals with this disorder fear connecting with others and feel that the other individual is making fun of him/her.
  9. Dependent Personality Disorder - Such individuals are immensely confide in others and generally lack self confidence. They are generally confide on others for their emotional needs.
  10. Obsessive Compulsive Personality Disorder - Individuals with obsessive enthusiastic personality disorder are obsessed with discipline, perfectionism, classification and so on.

If you want to learn more about Meaning and different types of personality disorders then English Speaking Course in Chandigarh Sector 34 is the right place for you.