Employee engagement is a buzz word. Everybody knows it. However, few people know that employee engagement means money. Research shows that companies in the US with engaged employees can outperform those without by up to 202% and have 6% higher net profit margins. And although such South African statistics are lacking, they are sure to look very similar.
Outsourcing can potentially add value, cut costs, support business growth and enhance customer-business relationships. An impressive list of attributes that sometimes mask the reality that selecting the wrong outsourcing partner can result in the business experiencing few of the benefits, with some added new challenges.
The Industrial Development Corporation has indicated that globally Business Process Outsourcing (BPO) is in the midst of a growth surge with an anticipated $202.6-billion by the end of 2016 and a five-year compound annual growth rate of 5.3%.
The Deloitte Global Outsourcing Survey 2016 found that outsourcing will continue to grow, providing customers with innovative services and solutions that help them cut costs while remaining competitive and on track. However, not all outsourcing is created equal and should be undertaken with a measure of consideration and a dollop of common sense.
Business process outsourcing (BPO) has evolved into a thriving and enormously successful market, accelerating in growth as it constantly reinvents itself and adapts to the changing paces of digital, country and economy.
The 2015/2016 South African Budget Speech was presented by the Minister of Finance, Nhlanhla Nene on Wednesday, 25 February 2015. View our online calculator after the budget speech to see how it affects your tax compared to last year.
Accsys, a member of the Business Connexion Group (BCX), will launch its latest payroll software offering, PeopleWeb, a web-based solution targeted at the small-to-medium market, in the first quarter of 2015.
Accsys PeopleWeb is aimed at the mid-tier segment at businesses with a staff complement of less than 100 employees.
The South African HR market is widely acknowledged to be a fast-growth area in terms of solution investment and application.
Cashbuild, a leading local retailer of quality building materials and associated products, has been successful in establishing a firm footing in the market and has used this position to apply strategy and support growth. It recently invested in the services of an established provider to maintain the efficiency of its HR department and ensure that this discipline could keep up with the progress of the business.
Mobile solutions continue to change the way business resources are utilised and managed. Those companies that invest accordingly are gaining on competitors as a result of improved logistics management.
The incorporation of mobile solutions to speed up operations and enhance processes involved in supply chain management and logistics is emerging as a game-changing investment for any-sized business.