Page 25 - SightsIn Plus, Nov 20

Insights Anuraag Srivastav

HR Driving

Financial Wellness

in the Crisis Economy

A capable leader must have one eye in the future and
one eye in the present, with an intuitive third eye
predicting from past trends. Prediction backed by
data is insight and PayReview is one such tool used
by top leaders for easy decision making & planning.
HR Budgets by PayReview helps HR Planners to
track expenses and gives a clear visibility to future
financial management.

India has officially entered a m Use Custom-Designed
technical recession, which Technology to Aid Accurate
experts expect to not end Decision Making:
before 2022. In this A tool such as PayReview combines
genuinely unprecedented situation, it is and simplifies HR processes to
imperative for leaders to be prepared reduce mistakes and increase
with a plan to not just survive but grow efficiency. The result? Stronger
in the crisis economy. The question is budget planning, compensation
- Is your organisation prepared to drive forecasting and lesser errors in just
business in the middle of a shrinking a fraction of the time it takes to
economy and a global pandemic? manage typical HR functions.
A capable leader must have one eye in m Emphasize on Financial Wellness:
the future and one eye in the present, To avoid knee-jerk layoffs and cost-
with an intuitive third eye predicting cutting, it is important to predict
from past trends. Prediction backed by and plan organisational expenses
Anuraag Srivastav data is insight and PayReview is one such and income targets, keeping the
tool used by top leaders for easy decision industry trends in purview. Using
Founder & CEO - PayReview
making & planning. HR Budgets by HRIS tools such as PayReview’s HR
PayReview helps HR Planners to track Budget module, HR leaders can be
expenses and gives a clear visibility to alerted about any high consumption
Anuraag has over 15 years of experience to avoid overspending in the
in lead positions at Indian and global future financial management.
corporations. He specializes in the areas present and the future.
of business strategy, data analytics, Here are some effective ways to protect
HR technology and compensation your organisation’s budget and foresee While HR must immediately redesign
practices. PayReview is an innovative the future: processes to make them more efficient
HR Tech company which helps in
better allocation of money to employees and financially resilient, it is far more
for better talent decisions serves to m Measure The ROI Of All The important to keep the employee at the
1.6 Lakhs employees. PayReview Employee Benefit Programs center of these processes rather than
offers 7 products i.e. Hire Review, Now. the function. This pandemic crisis is
Fair Increments, Incentive Now, an opportunity to redesign processes
BenchmarkAssist, Deep Analytics, Identify important company
Workforce Plans and HR Budgets. initiatives and collect data for - around the most important stakeholder
Impact and ROI. This helps in of any business – the employee.
identifying and boosting high These strategies will help organisations
impact initiatives and toning down survive in the new normal while keeping
or dumping low-impact initiatives. their employees engaged & satisfied.
25 November 2020 www.sightsinplus.com