People screening and background verification services company, CV Check Ltd (ASX: CV1) operates a world-class online platform-as-a-service business for the provision of its services to a multitude of clients including corporates, small and medium enterprises (SMEs), and individuals seeking jobs.
Based on feedback received and new technological advancements, CVCheck has progressively introduced upgrades in its technology platform since its launch in 2006, for the easy and safe exchange of professional and personal information. The company has growing revenue streams and offers the following Comprehensive Suite of Checks to its clients –
More on these checks may be READ here in detail.
More than 300,000 private firms, government organisations and jobseekers take CVCheck’s services every year. The company has an Australia-based team in place with global coverage of operations in 90 countries. As CVCheck implements the necessary background checks, it gives a greater opportunity to employers to shift their focus towards other important business aspects like building career growth opportunities for employees, formulating growth strategies for the company and boosting financial strength.
On its way to achieving the larger goals, it is very crucial for a company to follow the latest and most effective Human Resource (HR) practices in a world of competitive talent. Recruitment is one thing, finding and retaining the best talent is another. Moreover, with 2019 coming to a close, it is good time to look back for companies to see what they could have done differently, assess the effectiveness of their programs and look out for external benchmarks and analyse where is the room for improvement.
Some of the widely known HR best practices that may be followed to achieve organisational goals include-
Human resources departments are put in place to find excellent people who can drive excellent results, and talent management has indeed evolved so much over the years. Organisations consider HR management as the nub of their concern and the ability to do so effectively demonstrates a company’s capability to continue driving innovation and generate fresh ideas. It also helps to maintain a high morale amongst the employees of a company.
With rapid innovations in the technology sector such as big data analytics, artificial intelligence, machine learning, Internet of Things, bots, augmented reality and similar such digitisation possibilities, better opportunities are available to HR for attracting talent, assessing their potential and evaluating their fitment. Generally, there is an influx of applications and resumes in a recruiters' inbox for every single job vacancy, and technology has emerged as a much-needed solution in addressing this challenge.
What more can be done and achieved under the HR management? Well, some of the emerging global trends that can be embraced by a company’s HR team grappling with challenges presented by low unemployment and skyrocketing turnover rates are discussed below.
- It is crucial that the HR joins marketing in defining the company brand, which is already understood by candidates through research. Thus, branding can largely influence not only customers but also the top talent in the industry through all levels of the funnel from awareness to trial to long-term loyalty. Besides, perceptions of an organisation’s brand largely influence people’s interaction.
- Strong talent navigates towards strong brands, which makes it imperative for companies to work on that. In one of the articles, Forbes stated that Trader Joe’s, Apple and JetBlue, all three are of the view that companies known for excellent customer experience are also known to be the “best employer”.
- Increased workplace diversity and allowing employees to work from remote geographical locations.
- Interestingly, various companies are now maintaining modern workplaces that embrace five generations under one roof along with their respective cultural norms and communication styles, promoting generational affiliation.
- Internal Mobility, wherein HR can play a critical role in helping employees follow flexible career paths, including horizontal and vertical career models, that have proven to attract and retain some of the top industry talent. A recent market study suggested that around 80% of employees feel they are highly and relatively more productive in a flexible work environment.
More work/life fluidity, less stress and higher productivity, all can be ensured through driving initiatives that address and anticipate the team’s needs. When a company successfully adapts to an ever-changing workplace trends transpiring globally, it ultimately contributes to the overall growth and enhances operational stability in the long run.
Stock Information: CVCheck has a market capitalisation of around AUD 42.37 million and approximately 292.2 million shares outstanding. On 19 December 2019, the CV1 stock settled the day’s trade at AUD 0.145. The stock has delivered positive returns of 190% on a year-to-date basis, while the last one month return stands at 3.57%.
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