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In the present day, with a wide range of changes in business ecosystems. It is here that the Talent & acquisition concept comes in-fold. 

Talent & acquisition plan for tomorrow. Doing this quickly and better, many modern organizations are basically digitizing this process. With tech-enabled tools like recruitment software, to can make their hiring journey easy.  

 What Is Talent & Acquisition? 

It means the process of identifying organizational needs. There are certain elements of HRM folded into that that could cover employer branding. Workforce strategy, sourcing, interviewing, and onboarding.

It’s not a one-time process. It should be a continuous cycle where companies nurture their relationships. 

Why Talent & Acquisition is More Vital than Ever

Any company aiming for continued growth. Needs to invest in a commendable Talent & Acquisition structure. Here are the reasons why:

Improves Workforce Quality

A well-made strategy allows only the skilled one. 

Strengthens Company Culture

By aligning candidates with company values. The workplace becomes a more harmonious place. 

Reduces Turnover

Good hires translate to fewer headaches, in turn making the most of time. And resources in the long run.

Drives Long-Term Success

Strategically hiring people keeps companies prepared for ever-changing trends and challenges. 

More and more companies have realized the benefits of using onboarding solutions. With smart integrations, which enhance the new hire experience from day one. And improve retention.

Key success factors of Talent & Acquisition strategy

The key pillars that responsible organisations need to keep building on are basically:

Workforce Planning

This should always begin with future growth, skill gaps, and organizational goals. This hiring would be business needs-driven.

Employer Branding

It comes into a digital presence. The culture of the company, employee testimonials, and so much more matter a lot. 

Sourcing Talent

No longer wait for applicants to walk through your door. Instead, actively search on social media, job portals, and HRMS platforms.

Efficient Interviewing & Selection

Have an intelligent, fair, and equally structured interview process. To evaluate skills, personality and fit towards company culture.

Onboarding & Integration 

Most overlook this, yet it is pivotal. For a new hire, engages, and has made things such as those offered by Savvy HRMS seamless, scalable

Technology and Its Importance in Talent & Acquisition

 It provides a complete recruitment dashboard for businesses, which includes job postings. Applicant tracking and onboarding automation save time as well as resources. 

Beyond that is a data insight and reporting feature to enable HR teams to make informed. Data-driven hiring decisions.

The Future of Talent & Acquisition: What’s Next?

As the business world has evolved, so have the methods behind hiring. Some of the most important trends shaping the future of Talent & Acquisition include:

– Remote & Hybrid Work Models

– Diversity, Equity, & Inclusion (DEI)

– Skill-Based Hiring over Degrees

– AI and Machine Learning in HR

– Candidate Experience as a Priority

Therefore, opportunities must be flexible and adaptive to keep the company ahead. That’s where Savvy HRMS comes in, cloud-based &  mobile-friendly. And easy solutions for recent hiring needs.

Conclusion

It is all about creating an empowered workforce for tomorrow! With appropriate planning, thoughtful connections, and the appropriate tools. Like Savvy HRMS, organizations can attract new talent. The next big step is to invest in a modern and tech-driven talent acquisition strategy. 

FAQs

Q1: How do recruitment and talent acquisition differ? 

Recruitment focuses on filling vacancies in a short time and for a specific role. 

Q2: Can talent acquisition be automated? 

Yes! With the full hiring range-user-friendly HRMS such as Savvy HRMS. That is really going to save a lot of time and enhance productivity! 

Q3: Importance of employer branding in talent acquisition?

Strong employer branding will attract better candidates. And put your company at an advantage in a highly competitive hiring market. 

Q4: Link between onboarding and talent acquisition?

Onboarding is crucial because it connects the new hires. Providing support and preparation to make their contributions to the core hr software.

Reading Time: 3 minutes

Are you waiting for a salary hike and trying to figure out how much you will earn post-hike? It is something you need. You will be able to determine the financial impact of an appraisal. Or transferring jobs to another one. You can track your salary negotiations, compare job offers. Or simply measure your maturity when using a salary hike calculator. An effective and fast way to do this surreptitious work. They also help you with performance tracking with much ease. For aligning compensation with the contributions.

This blog includes everything related to salary hike calculators, including usage. Benefits and how advanced HR tools like Savvy HRMS further simplify it.

What is a Salary Hike Calculator?

The salary hike calculator is a digital tool. It calculates the amount of money you’ll be paid in your new salary. That basis itself on your current salary and the new salary offered.

It just takes away the guesswork and gives the sort of transparency that is needed. In salary negotiation and HR planning.

Why Use a Salary Hike Calculator?

  1. Enlightenment on Growth

You get a clear picture of what your monetary value looks like in professional rates.

  1. Strong Support

Negotiation Indications pertaining to your appraisals. Or during interviews, about the exact hike percentage. It will help to really strengthen your case.

  1. Comparison of Jobs Made Easy

This will simply allow you to compare your current package with the new job offers. And make some final decisions.

  1. Helps Employers Too

The HR professional uses these tools to maintain a fair & transparent salary structure. Within the organization.

Working Simplified with a salary hike calculator

You can calculate salary hikes in just two ways:

  1. When You Know the Percentage

If you earn a salary of ₹40,000 and get a hike of 15%:

Hike Amount = 15% of ₹40,000 = ₹6,000

New Salary = ₹46,000 

  1. When You Know the New Salary

Current Salary: ₹40,000

New Salary: ₹48,000

Hike Percentage = {(48,000 – 40,000) / 40,000} × 100 = 20%

Salary Management in Savvy HRMS

Its Payroll and Salary Management module is well-regarded. For its embedded salary hike calculators.

With Savvy HRMS, the following dual advantages accrue to employees and HR managers:

  • Automated hike calculation
  • Customization of the salary structure
  • Appraisal management
  • Issuance of payslips and tax calculations
  • Real-time payroll analytics

Advantages of Savvy HRMS Salary Tools

  • Facilitates uniformity and equity in salary structures
  • Minimization of miscalculations in manual hike calculation
  • Promotes transparency and clarity to boost employee satisfaction

Conclusion

A salary hike calculator is, in fact, a necessity for modern professionals & HRs. This is made all the more seamless through platforms like Savvy HRMS. Giving you access to accurate hike calculations coupled with robust payroll management features. And real-time analytics on salary.

Understanding salary hikes for employees charting their next move. HR managers wrapping their minds around appraisal periods have never been this easy.

FAQs

Q1. Is a salary increase calculator free of charge? 

Yes, most of the salary increase calculators available for use online are free to use.

Q2. Does HR software like Savvy HRMS support automatic salary increase calculations? 

Yes, Savvy HRMS provides a salary increase calculator within its payroll module. That works in an automated fashion.

Q3. How do we determine the hike percentage? 

The formula is: Hike (%) = {(New Salary – Current Salary) / Current Salary} × 100

Q4. Are hike calculators meant only for employees? 

No. These calculators serve the purpose of providing a reference for both employees & HR. 

Q5. Does Savvy HRMS also help in the making of payslips? 

Yes, Savvy HRMS has the option of generating payslips, tax management & full payroll processing.