Why Statutory Compliance Outsourcing is important for small businesses in India?

Manufacturing Organisations Service Organisations Micro scale – businesses whose plant, machinery, equipment, assets etc does not exceed 25 lakh rupees Micro scale – businesses whose plant, machinery, equipment, assets etc does not exceed 10 lakh rupees Small scale – businesses whose plant, machinery, equipment, assets etc does not exceed 5 crore rupees Small scale – businesses whose plant, machinery, equipment,...

Read more...

Top Corporate Compliance Issues in 2019: How to Keep your Company Safe

Corporate Compliance refers to the various rules, regulations and laws of an area, region or country that a company or business has to follow or comply with. These compliances are a combination of guidelines for a corporate for both; it’s internal and external governance.Corporate Compliance is not only compulsory but also ensures that an organization is protected and safe. It is also very safe to say that non-compliance affects and impacts the internal culture, climate and environment of a...

Read more...

Costly payroll mistakes that could ruin your business[Infographic]

Payroll is complex, time-consuming and highly detailed. Small business owners may choose to do payroll in-house for cost consumption. Payroll errors can easily damage a small firm.Small and medium businesses are finding it very difficult to manage their payroll function in-house. Many firms have outsourced their payroll functions to external third-party payroll service providers, as this enabled them to focus on their core competenciesCommon Payroll Errors:Late tax payments Tax form errors Submitting wrong payroll tax...

Read more...

Should you Outsource HR or Keep it In-house – How to Decide?

The Human Resources (HR) department manages all employee related activities like new employee recruitment & Selection, payroll Management, employee management and employee developmentOutsourcing is engaging an external individual, agency or organization to run or manage a particular function or service within a business or organization. Many organizations and businesses have outsourced their secondary or support work to external vendors, as this enabled them to focus on their primary or main area of business.Before we go to the point of ‘how to decide’...

Read more...

Employee Engagement – Why is it Important?

What is Employee Engagement?Ensuring the employees are happy is a challenge many companies face. Over the years, the Human Resources have put tremendous focus on employee engagement. For any business to succeed, it is essential the employees are happy and productive.Research studies have proved that employee engagement strategy has resulted in positive outcome improving profitability and turnover of a company. With growing evidence suggesting that happy employees result in better profits for companies, it is advisable to ensure that...

Read more...

Payroll Outsourcing Services for Small Business – Why it is Crucial for Startups?

For the growth of every company, payroll management system. is highly crucial and an important step that sometimes goes forgotten. Read more to understand the importance of payroll management and the relation it has with small businesses.What Exactly Is Payroll?Payroll is based on the concept of paying employees. Basically, any company that has more than one employee will most definitely have a payroll system. The motivation behind every employee is majorly associated with their salaries. Now, an...

Read more...