Unlikely? Well no, not as far-fetched as you might have thought. There are quite a few installations where the usage of the system capability is so minimal it might as well not be there!There are two really important points of entry for the HR application into the organisation: Reporting and Triggered Actions (this latter can evolve into Workflow).Reporting is the life blood of an enterprise – although it’s easy to overdose on it! – and a useful suite of reports coming from HR would include:– Headcount– Staff Turnover– Staff Stability– Equal Opportunities– Departmental Salaries– Costed Absence by Department– Objectives Met and Outstanding – Individually, and within Department– Training Needs Met and Outstanding – Individually, and within DepartmentRemember, the Reports are only as good as the quality of the information within them. All too often, reporting from the HR department is found to be strewn with errors or outdated entries, and once the integrity is questioned, it is very difficult to get confidence restored in the output.HR departments will claim that they are under pressure, and this is understood, but Reports are a primary product of HR and data cannot be dealt with in a haphazard or sloppy fashion. Quality of data must be a paramount consideration.Triggered Actions are not only an invaluable “admin-killer” for HR, but they are very useful in helping busy managers to ensure that nothing falls down between the cracks.Typical support for managers will come with the following reminders:– Probation periods– AppraisalsUnfulfilled– Training Needs– Service Entitlements– Holiday conflicts– Sickness Absence trends– Company Property – Laptops, Mobile Telephones, Security Cards – issue on joining, return on leaving.Did we say “admin-killer” for HR? Not only can you set up email alerts within your organisation, but you can generate messages to reach outside, for instance Starters and Leavers to the following providers– Life Assurance scheme– Permanent Health Insurance scheme– Medical Insurance– Pension– Company Vehicles– Sports ClubsAs you can see, from scratch you will quickly be in a position to extract benefit from your HR software!

Key Insights
The strong pullback in the U.S. dollar provided significant support to stocks.
Treasury yields have pulled back after touching new highs, which served as an additional positive catalyst for S&P 500.
A move above 3730 will push S&P 500 towards the resistance level at 3760.
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Pfizer Rallies After Announcing A Huge Price Hike For Its COVID-19 Vaccines
S&P 500 is currently trying to settle above 3730 as traders’ appetite for risk is growing. The U.S. dollar has recently gained strong downside momentum as the BoJ intervened to stop the rally in USD/JPY. Weaker U.S. dollar is bullish for stocks as it increases profits of multinational companies and makes U.S. equities cheaper for foreign investors.

The leading oil services company Schlumberger is up by 9% after beating analyst estimates on both earnings and revenue. Schlumberger’s peers Baker Hughes and Halliburton have also enjoyed strong support today.

Vaccine makers Pfizer and Moderna gained strong upside momentum after Pfizer announced that it will raise the price of its coronavirus vaccine to $110 – $130 per shot.

Biggest losers today include Verizon and Twitter. Verizon is down by 5% despite beating analyst estimates on both earnings and revenue. Subscriber numbers missed estimates, and traders pushed the stock to multi-year lows.

Twitter stock moved towards the $50 level as the U.S. may conduct a security review of Musk’s purchase of the company.

From a big picture point of view, today’s rebound is broad, and most market segments are moving higher. Treasury yields have started to move lower after testing new highs, providing additional support to S&P 500. It looks that some traders are ready to bet that Fed will be less hawkish than previously expected.

S&P 500 Tests Resistance At 3730

S&P 500 has recently managed to get above the 20 EMA and is trying to settle above the resistance at 3730. RSI is in the moderate territory, and there is plenty of room to gain additional upside momentum in case the right catalysts emerge.

If S&P 500 manages to settle above 3730, it will head towards the next resistance level at 3760. A successful test of this level will push S&P 500 towards the next resistance at October highs at 3805. The 50 EMA is located in the nearby, so S&P 500 will likely face strong resistance above the 3800 level.

On the support side, the previous resistance at 3700 will likely serve as the first support level for S&P 500. In case S&P 500 declines below this level, it will move towards the next support level at 3675. A move below 3675 will push S&P 500 towards the support at 3640.