Banking’s Hidden Hero – Back Office Outsourcing

The banking industry is the sector of the economy focused on holding onto and generating wealth with customers’ assets and regulating those activities with government agencies. It is a highly competitive, volatile field and has undergone various metamorphoses to be the field that it is today. Let's look at how bank office outsourcing helps the banking sectors. According to the Banker’s Top 1000 Banks ranking for 2018, the total assets of these banks were worth USD 124 trillion and had...

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How IT Staffing Companies Helps the Banking Industry

How IT Staffing Companies Helps the Banking Industry

Why do Banks Outsource Staffing? The banking sector focuses on holding and investing assets to create more wealth and regulate those activities by government agencies. Today it has evolved into a highly competitive industry that has to adapt to a constantly changing market and cater to clients more effectively. There has been a higher demand by the banking industry for better systems and software to handle their workload as well as a demand for individuals that are competent or proficient...

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The Role of Staffing Agencies on Small Business Enterprises

Staffing Companies are now an essential part of the recruiting process, especially for small business enterprises. By taking the help of the staffing agencies, small businesses are able to keep constant needs on their staffing needs and also cut operational costs. Let us see some of the advantages being derived by small enterprises as they involve the staffing companies for their manpower needs. 1)    Employees with Specific Talents: Staffing services offered by the staffing agencies in India are a boon...

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Resume Fraud – It’s a Criminal Offence

In simple term resume, fraud means discrepancies in the resume of a job seeking candidate, where the information is given are forged purposely with the sole aim of achieving the said job. It is the manipulation of data or can be a complete falsification of the information. Cases of Resume fraud has been reported not only in the junior and middle level but also in the senior levels as well. The corporates these days are taking the help of...

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Recruitment Process Outsourcing – RPO Services

What is Recruitment Process Outsourcing? Recruitment Process Outsourcing (RPO), is a business process where a company outsources the recruitment function to the third party recruitment agencies. Recruitment is one of the HR department’s key functions that is initiated and overseen by the management of an organization. It is the process of searching and hiring the most competent candidate from within or outside an organization for a position, in a timely and economical manner. The process includes the analysis of a...

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How to Choose the Right Staffing Service for Your Business

Staffing as a practice is essential to most organizations and is usually carried out by management. Staffing in management refers to the method of selecting qualified and eligible applicants in an organization or firm for relevant positions and roles. It also involves recruiting qualified candidates after evaluating their knowledge, skills, and attitudes. It is an integral function in any organization as it directly ties into the output achieved by an organization. There are different types of staffing involves permanent...

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Payroll Migration – A Step-by-Step Guide

Payroll traditionally referred to the total amount to be paid to workers or employees during a specific time period. Today the definition includes the list of employees to be paid within a specific time period, the amount to be paid to those employees and other details pertaining to the employee including their designation, department, salaries, bonuses, incentives, and leaves. Managing the payment of wages within an organization to its employees is called Payroll Processing. Traditionally, organizations handled the Payroll in-house....

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