Recruitment is a series of challenges that the HR department has to continually solve, from sourcing candidates to screening, interviewing, choosing the best fit and persuading them to accept the offer. Each challenge can be solved, but how well depends on organisations’ willingness to look at each group of candidates and do the following as it pertains to the successful recruitment of each group’s members: 1) keep the effective solutions, 2) stop the ineffective ones and 3) start new strategies. This is called the K-S-S method.

A global survey by EY, which gathered data from 1,000 finance executives in businesses with revenue greater than US$500 million, finds that the level of CFO’s confidence in their corporate reporting is significantly lower than last year.

The large number of ERP vendors in the market can be categorised using the tiers system. Tier 1 vendors are the giants that, together, hold the lion’s share of the global ERP market.

In the past, large ERP providers tended to offer extensive “one-size-fits-all” products to very broad horizontal market segments. One solution was offered to different prospects in different industries. Only small providers focused on vertical markets, i.e., specific industries.

Highly capable ERP systems but are too complex for ordinary users to adopt would hinder your chance to realise its full potential. Many, if not most, of your ERP system’s users may not have in-depth technical skills. So it is crucial that the software is easy to use and friendly to business users.

Over the last three weeks, we have discussed about Millennials’ role in today’s business scene, the challenges facing them when working in team and some suggestions on overcoming generation gap. But eventually, you can’t solve the problem if you don’t touch the root cause. Millennials are usually described as intelligent, tech-savvy and creative. However, it seems like they want to show that either they are competent or possess leadership potential in team discussion. That explains why many young people tend to dominate the discussion, resulting in much more unnecessary tension.

ERP systems continue to evolve in order to adapt to the rapidly changing business environments. The rapid pace of change will only accelerate the adoption of newer, more advanced ERP systems. 

In the last post, we pinpointed two factors that turn Millennials in to troublesome team players. We know that teamwork and collaboration activities are becoming an integral part in any organisation. And the talented, dynamic young people are playing more important role in the organisations than ever as well. But it will be a problem if these two essential elements are not on par with each other, especially due to such an external factor that three generations are working under the same roof. This time, we recommend six concrete advices for you to eradicate the differences between generations in your team.

In today’s business world, making sound strategic decisions is increasingly difficult, not least because of the current VUCA - volatility, uncertainty, complexity and ambiguity. Traditional decision-making frameworks can no longer provide the levels of effectiveness and responsiveness organisations need. What can business leaders do to make quicker, better strategic decisions?