Monthly Archives - July 2019

Payroll Compliance – An Ultimate Guide

Payroll Compliance is defined as the set of processes that go into the generation of payroll and other related procedures. It is the effective calculation and distribution of funds and following of related compliances. It is a must for all businesses. It ensures that all employees are treated and compensated fairly by management. Company’s managers and concerns that deal with payroll must be proficient in related laws and regulations. To understand payroll compliance, we must first understand the aspect of...

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Strategic Staffing Solutions- A Key to Your Talent Needs

Many companies choose to outsource certain administrative or HR aspects. It is a practice that gained value owing to a highly competitive industry. Many companies make use of the processes of manpower recruitment outsourcing to carry out those specialized tasks. One of the most critical processes in the recruitment process outsourcing. Companies choose to delegate the recruitment process to third parties or vendors through the process called manpower recruitment through manpower recruitment agencies and services. Staffing Services/ Agencies: Staffing services...

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Payroll Outsourcing Leads To Better Tax Reporting

Payroll outsourcing is the order of the day with the corporates. Outsourcing payroll leads to various kinds of benefits for the companies. Saving cost and time are the prime reasons for outsourcing. Also, outsourcing payroll services leads to numerous tax benefits. Given the complexities of India’s tax system, employers with global employee populations may choose to outsource the process to gain the advantage of third party expertise. Certain tax-free allowances are allowed to employees such as rent, transport, medical, meals,...

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Corporate Governance – Its Role in Effective Business

The Need for Corporate Governance: Corporate governance exists as a framework for the workings of an organization. One of the main ways that corporate governance helps organizations is that it takes care of conflicts of interests within an organization and aligns everyone’s goals and interests to work for the betterment of the organization. It also clearly states the rights and responsibilities of those involved in the day to day workings of the organization. Elements of Corporate Governance: The major elements...

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Compliance Audit - A Must for Businesses

Compliance Audit – A Must for Businesses

What are Audits and Compliance? Compliance refers to a company’s conforming to a set of rules, regulations, and standards. They are usually set forth by one or more governing bodies. This is to ensure fair business practices and transparency. There are benefits like avoiding legal or criminal charges, higher productivity, and better public perception. Many companies have taken to adopting compliance as a growth strategy as well. In order to check a company’s compliance, a compliance audit is undertaken. Types of...

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Top 10 Benefits of Employee Self-Service Portal (ESS)

Top 10 Benefits of Employee Self-Service Portal (ESS)

Top 10 Benefits of Employee Self-Service Portal (ESS) What are ESS Portals? HR managers face a lot of challenges in a constantly evolving job market. Adapting to innovation, dealing with a large workforce, and managing expenses and records are some examples. In instances like these, employee self-services exist to reduce the burden on companies and managers. Employee self-service software or employee self-service portal programs are software that allows employees to access their HR information. Employees are given profiles and login credentials....

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Top 7 Manpower Recruitment Mistakes and How to Avoid Them

Top 7 Manpower Recruitment Mistakes and How to Avoid Them

There is no guaranteed process for a flawless staffing process. Only if you have proper knowledge of the usual faults that occur, then you can have a chance to avoid them. Manpower Recruitment is a very strategic part of any business, and hence, it should be taken in the process to make it free of errors and get the best possible candidates. Let us look at some of the common mistakes that happen in the Manpower recruitment processes. Inaccurate job description Describing...

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Contract Staffing – Its benefits to employers

Contract Staffing – Its benefits to employers

Contract Staffing is an excellent opportunity, and employees learn a lot on the job, but the misconception creates a feeling of insecurity in the minds of the employees. The following are the major types of Contractual Employment: 1)    Part Time Contract 2)    Fixed Term Contract 3)    Agency Staff 4)    Consultation on Freelancing 5)    Zero Hour Contract 6)    Voluntary Employment Benefits of Contract Staffing Services Contractual staffing offers plenty of benefits to both employers and employees. Let us have a look at some of the opportunities that contractual...

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