Blog

TalentPro’s Human Resources blog is a knowledge portal where we discuss the latest and best practices related to the Human Resources Industry. The portal educates the reader in various areas of interest such as Payroll, Compliances, Staffing, Human Resource Management Services (HRMS), Recruiting, etc.

Essential Factors to Look for in Your Payroll Management Service Provider

Intro  The payroll process has always remained a crucial factor among business organizations. Entrepreneurs worldwide have been facing additional challenges due to the endless demands and constant changes in the payroll management domain of business. Outsourcing payroll management services is the best option for modern businesses to ensure an error-free and efficient payroll process. The Crucial Need for Shop and Establishment Compliance Amid hectic activities and progress in the recent past, governments throughout the world have realized the need for stringent measures to...

Compliance Requirements under the Factories Act, 1948

Intro  With modernization, there has been a considerable rise in industrial activities across the globe. Especially during and after the later part of the nineteenth century, developed and developing nations in the world have been witnessing an exponential increase in the number of factories. Statutory compliance and employee safety in the workplace have become of paramount importance. The Crucial Need for Shop and Establishment Compliance Amid hectic activities and progress in the recent past, governments throughout the world have realized the need for...

Deciding on The Right Payroll Outsourcing Provider Benefits your Business in Various Ways

Intro  It is well known that a business organization's critical assets are its employees. In the quest for managing their human assets, businesses have to pay special attention to appropriate payroll management, which is a key factor in achieving employee satisfaction. Payroll outsourcing helps entrepreneurs to manage payroll perfectly, thus paving the way for enhancing their teams' performance and their company's goodwill. The Importance of Choosing Your Payroll Solution Providers  Similar to several business processes, payroll management can also be handled either with...

The Importance of Honing Problem-Solving Skills

The Importance of Honing Problem-Solving Skills

Intro  Every individual and organization in the modern world is required to meet challenges ad face problems, so they may do well by learning problem-solving skills. Mild or severe, we all are faced with problems. Honing problem-solving skills and improving decision-making allows us to handle issues we encounter in our professional and personal lives. Why is Problem-Solving Skill Considered a Critical Quality? Problem-solving skills enable individuals and business owners to resolve issues effectively and quickly. Considered one of the key skills expected among...

Crucial Factors to Consider While Outsourcing HR Services

Crucial Factors to Consider While Outsourcing HR Services

Intro  Outsourcing HR Services is beneficial to small and large business organizations alike. Partnering with a skilled HR consulting agency helps save considerable time and money, so there is little wonder that modern businesses are making a beeline to outsource their HR services. The right HR service providers can help your business enhance productivity and efficiency, ensuring that your employees are highly satisfied. Importance of Choosing the Right HR Services Agency In addition to taking care of your company’s reputation and goodwill in...

The Need for a Structured Corporate Governance, Risk, and Statutory Compliance Framework

The Need for a Structured Corporate Governance, Risk, and Statutory Compliance Framework

Intro In addition to nurturing your business and achieving expansion, following a set of proven practices that run across your organization at different levels is crucial. It helps to enhance your company's principled performance while mitigating compliance risk. Statutory governance, risk management, and corporate governance are the three major elements of a modern business. Statutory compliance: In the human resource management parlance (associated with payroll management), statutory compliance is the specific legal structure within which a business organization must perform processes while...

A Complete Payroll Tax Guide that Helps Avoid Penalties

A Complete Payroll Tax Guide that Helps Avoid Penalties

Intro  Payroll taxes comprise all the taxes paid on the wages of an organization’s employees. These include the timely and accurate deduction of your employees’ wages and paying specific taxes to the Government on their behalf. Non-compliance to the norms and regulations related to payroll taxes results in hefty penalties and other unwanted liability. Payroll management can best be handled with the help of payroll outsourcing companies. The Fundamentals of Payroll Tax There are several regulations and laws associated with payroll management in...

Effective Vendor Management that Maximizes Business Benefits

Intro  Defining vendor management in a simple, succinct way is the process that helps create, monitor, and cultivate your relationships with your vendors, thus enabling you to achieve business objectives smoothly. Vendor management is one of the factors that help prevent business disruption. It addresses issues such as supplier selection, ensures that goods and services are delivered and provided on time, and warrants adherence to standards.  Vendor Management Process–The Fundamentals In addition to facilitating a streamlined business flow and undisrupted service by your...

Why is Critical Thinking Considered a Key Skill

Why is Critical Thinking Considered a Key Skill

Intro  Amid competition and increasing demand for innovative skills, the ability to smartly analyze the available information and draw sensible, reasonable conclusions is crucial. Significantly, individuals and business enterprises develop the skill to recognize useful and relevant details while shoving off less important details. This discrimination is the much-needed caliber today that enables smart decision-making. Little wonder business owners and managers prioritize critical thinking as a key quality. The Need for Critical Thinking Capability Job applicants and potential candidates who can assess a...

Crucial HR Documents That Every Modern Business Must Be Aware of

Crucial HR Documents That Every Modern Business Must Be Aware of

Intro Entrepreneurs, especially small business owners, would likely want to spend time training their employees and expanding their businesses. In the midst of the hectic activities related to nurturing a budding business, being concerned about compliance issues and the consequences of being unable to meet such needs will be hard on the part of any business owner. Documenting and tracking crucial paperwork in your organization will help to achieve this. And here is where compliance service providers come to your...

How to Transform HR Compliance to Mitigate Risks and Achieve Rewards

How to Transform HR Compliance to Mitigate Risks and Achieve Rewards

Intro An increasing number of legislations and changing industry standards have made HR compliance more significant in the contemporary business ecosystem. As even a small error leads to the image of a business being tarnished—let alone the legal tangles—it is crucial to meet all compliance needs, especially labor laws. Tips to Transform HR compliance Having the right personnel to manage HR compliance is the first step: Meeting statutory compliance in HR can be achieved by first having the right kind of professionals....

All You Need to Know about the Taxable, Nontaxable, and Partially Taxable Components of Salaries and Allowances

All You Need to Know about the Taxable, Nontaxable, and Partially Taxable Components of Salaries and Allowances

Intro  According to the IT Act of 1961 in India, regarding payroll processing, taxable benefits are classified into two broad categories: recurring and ad hoc. Allowances and perquisites are different benefits provided by employers to their employees. While some allowances fall under the salaries head and are fully taxable, other allowances may be partially taxable or, at times, fully exempt from the liability of tax. Understanding the nuances of payroll tax and meeting statutory compliance needs with regard to payroll tax is...

Acquire the Best Talent through an Appropriate Recruitment Process

Acquire the Best Talent through an Appropriate Recruitment Process

Intro  In the contemporary business setting, there is a heavy demand for hiring top talent. This necessitates sourcing candidates from the right pool through the right channels. The recruitment process, unlike before, demands a strategic approach and calls for striking the right balance between speed and quality. One of the best business ideas for modern entrepreneurs and managers to acquire their intended human assets is partnering with the right staffing solution providers. The Importance of Following the Right Recruitment Process The success of...

The New Employee Onboarding Checklist for Every Contemporary Business

The New Employee Onboarding Checklist for Every Contemporary Business

Intro  Even with all the technological advancements and innovative inventions, certain things are crucial in the business setting and stay that way forever. Manpower is one of those critical things. As people can only build successful businesses, the importance of understanding the nuances of building an effective team of talented and trusted employees can never be understated. And that is where the new employee onboarding process plays a critical role. The Need for New Employee Onboard Process Checklist With a business-specific, effective employee...

All business establishments having more than ten employees need to register themselves with the Employees State Insurance Corporation (ESIC) in India.

All That You Need to Know about ESIC—from Registration to Documents and Processes

Intro  An employee-oriented multidimensional social security scheme, the employee's state insurance scheme of India, has been designed to provide socio-economic protection to Indian employees. Registration associated with this scheme is provided under the Employee Stare Insurance Corporation—an autonomous, self-financing entity that the ESI Act, 1948, controls. It is an integral part of corporate governance under the Government of India. Why is ESIC Registration Considered Crucial to the Working Community? ESI registration scheme has been introduced to provide social security to Indian employees who...

How Does the ESIC Inspection Procedure Impact Society

How Does the ESIC Inspection Procedure Impact Society

Intro  Employees State Insurance Corporation (ESIC) is a multidimensional governmental system crafted to provide Indian workers the much-needed socio-economic protection. ESI scheme aims at providing a range of benefits to the Indian working population. ESIC inspection warrants employee benefits and labor law compliance, thus positively impacting society. The Fundamentals of the ESIC Inspection Process Falling under the Ministry of Labor and Employment, the Government of India, ESIC has been formulated to provide the working class with financial assistance during medical emergencies, considered one...

Tired of Payroll Processing Drudgeries? Try Payroll Outsourcing Now

Tired of Payroll Processing Drudgeries? Try Payroll Outsourcing Now

Intro The payroll process is not just about calculating wages, salaries, deductions, and payments. It covers a wide range of activities associated with your company’s employees and their comprehensive financial records. Having tried their hands-on manual, in-house payroll management, numerous modern companies are opting for delegating their payroll process to the best possible payroll service providers.  Why is Payroll Outsourcing a Sound Business Idea?  Managing your payroll process demands a deep knowledge of the constantly updated regulatory requirements. Payroll involves—in addition to calculating...

Make Smart Business Decisions through Robust Payroll Management

Make Smart Business Decisions through Robust Payroll Management

Intro  An efficient payroll service provider plays a crucial role in the business success of modern organizations. Joining hands with a reliable payroll service provider enables small businesses and big enterprises to save time and money. It helps them comply with the latest regulations while eliminating the risk of erroneous payroll processing. The Need for efficient payroll management with the help of skilled payroll service providers The global business ecosystem has been undergoing tremendous changes and continuous updates. Globalization and free trade arrangements...

Try Payroll Outsourcing for Accurate Employee Pay Management

Try Payroll Outsourcing for Accurate Employee Pay Management

Intro The payroll management system covers the administration of financial and accounting records related to the salaries, bonuses, deductions, and taxes of a company. Efficient management of the payroll process is instrumental in retaining the best talent and motivating the workforce. Payroll outsourcing is one of the effective ways to achieve accurate salary payments and filing of employees’ tax returns. How Does Payroll Outsourcing Services Help Modern Entrepreneurs? Payroll outsourcing enables business organizations to manage their regular operations smoothly. Payroll outsourcing service providers...

Why is Payroll Outsourcing a Smart Choice for Progressive Business Organizations

Why is Payroll Outsourcing a Smart Choice for Progressive Business Organizations?

Payroll management has always been an integral part of a business organization. With changing governmental regulations and increasing employee demand, a company's payroll plays a crucial role in business success and sustenance. The dearth of time and resources makes payroll outsourcing an intelligent business idea. The Need for Payroll Outsourcing Due to the complexities of the payroll process and the increasing need for the optimal use of human assets, most modern business enterprises look for reliable payroll service providers. Moreover, to avoid...

Begin the New Financial Year Remarkably Efficiencies with TalentPro

Begin the New Financial Year Remarkably Efficiencies with TalentPro

Intro Running a business in India requires companies to follow the April to March accounting period. For all business organizations, the accounting year traverses through this period. Payroll-related calculations and tax computations are expected to follow this regime. This necessitates corporates to contemplate, plan, and develop appropriate statutory compliance and payroll process strategies during the beginning of the new fiscal year. The Need for Crafting a Payroll Process That Aligns with Your Business Financial planning and strategizing the operations associated with taxes are...

Crucial Legal Compliance Needs for Start-Ups in India

Crucial Legal Compliance Needs for Start-Ups in India

Intro Statutory compliance is a multi-faceted regulatory mechanism that all types of business models must traverse in India. Numerous laws, with several sections, necessitate business organizations to meet varied statutory compliance needs. Every business establishment must abide by the stipulated statutory and labor law compliance requirements. This makes outsourcing the legal compliance services to an appropriate and experienced service provider a good business idea, especially for start-ups. The Major Compliance Needs for Start-Ups under Different Categories Compliance Requirements under the Companies Act,...

Effective Tips for Making the Most of Payroll Solution

Effective Tips for Making the Most of Payroll Solution

Intro Payroll management comprises multiple activities. Managing your business organization’s financial records, administration of your employees’ salary, deduction, and bonus details, and timely filing of accurate tax returns are a few of these major activities. Not to forget the various laws and regulations that necessitate companies to adhere to stipulated standards and mandates. Regardless of whether you are running a small business or a large corporate company, as a business owner, you need to acquire the best payroll solution and ensure the...

Time-Tested Strategies for Retaining the Best Talent in Your Organization

Time-Tested Strategies for Retaining the Best Talent in Your Organization

Intro To succeed and sustain, global businesses not only have to acquire the best talent but also avoid employee turnover. Retaining employees is among the top priorities of companies in the modern world. To achieve this, they need to come up with effective strategies. Employee benefits play a vital role in employee retention and are a crucial component of employee management. Key Employee Retention Strategies for the Modern Business Organizations Employee engagement is crucialTo be able to retain the best talent, companies...

The Different Types of Payroll Services for Contemporary Businesses

The Different Types of Payroll Services for Contemporary Businesses

Payroll management includes several critical elements such as payroll processing, tax filing, salary disbursement, and fulfilling statutory compliance requirements. While entrepreneurs may consider an in-house payroll management system to be economical, as the business grows, availing robust payroll solutions from experienced payroll service providers becomes inevitable and essential. Major Types of Payroll Services in Vogue In-house payroll management systemIn-house payroll management involves having a separate department in your organization to manage the entire payroll process. You need your own dedicated team...

Offer Added Benefits to Employees and Achieve Long-Term Business Success

Offer Added Benefits to Employees and Achieve Long-Term Business Success

Satisfied employees are likely to be more loyal and reliable. With the right perks and benefits, your organizational team is certain to put in more dedicated efforts, thus accomplishing the most optimal productivity. Today, planning a strategic employee benefits program is critical in employee management. An employee benefits plan is a terrific way to delight employees. Make Your Employees Feel at Home and Gratified The contemporary work atmosphere is cosmopolitan, and it is very important to ensure a level playground that offers...

All You Need to Know About Payroll Taxes and Income Taxes

All You Need to Know About Payroll Taxes and Income Taxes

Payroll tax and income tax form the major tax components in workers’ tax responsibility. It is required by employers to withhold part of the wages that they pay to their employees toward taxes. For accurately deducting payroll taxes and filing tax returns timely, business owners must delegate their payroll management process to be reliable and experienced payroll service providers. Payroll Tax: The Fundamentals Also known as employment tax, the payroll tax is a fixed percentage withheld from employees’ salaries to be paid...

HR Industry Trends to Watch Out for in 2022

HR Industry Trends to Watch Out for in 2022

HR Services has been continuously evolving with progressive technology and changing employee and employer demands. Especially after the pandemic, there are quite a few changes in how employees work and where they operate from. HR services play an even more responsible and significant role in any modern industry. To efficiently meet the changing requirements, HR services need to understand and act upon the latest trends in the industry. Key HR Trends to Watch in 2022 Employee well-being takes center stage  Once considered an...

Outsourcing Payroll for MNCs – A Winning Strategy

Outsourcing Payroll for MNCs – A Winning Strategy

Between April and June of 2021, there was a surge in the number of companies that were established in India, with over 17,200 companies being formed. Also, according to the same data from the Ministry of Corporate Affairs. 13.7 lakh companies were active during this period. Given the hyper-competitive nature of organizations, most companies have opted to go in for payroll outsourcing which can reduce the toll it takes on managers and employees and focus their efforts and energies in areas that...

All You Need to Know About Regulatory and Compliance Requirements

All You Need to Know About Regulatory and Compliance Requirements

Setting up appropriate workplace policies in compliance with laws and norms as prescribed by the industry and governmental agencies is a basic need for running a business. Enforcing them is a crucial requirement of any modern business organization. Moreover, companies must have a system to ensure appropriate practices to adhere to such policies. All these make HR Compliance a critical part of the business. Partnering with the right compliance service providers proves helpful in this regard. Read more: Implementing Statutory Compliance...

7 Effective Ways to Communicate Your Company’s Core Values during Onboarding

7 Effective Ways to Communicate Your Company’s Core Values during Onboarding

Core values and organizational culture represent a company’s unique identity. Core values are considered the foundation blocks supporting an organization’s workforce. Instilling these among your team members ensures their inspiration, purpose, and guidance throughout their employment term. The Need for Developing an Organization’s Core Values among the Employees The initial stages of your employees, namely recruitment and onboarding, are crucial, wherein you need to communicate your company’s beliefs, principles, and core values to the freshly acquired talent. Strong values and a positive...

HRIS HRMS HCM - What's the Big Difference

HRIS HRMS HCM – What’s the Big Difference

The global human resource management market is poised to have a market share of USD 39.5 billion by 2027 according to KBV research. The rapid growth in the HR management market has been further spurred on by the global pandemic, with an increased reliance on elements that have made HRM easier, such as AI and analytics. Easy access and efficiency in managing employees remotely have become easier for managers. HR managers now have a multitude of solutions to deal with challenges that may...

Here’s How You Can Stay Statutory Compliant and Achieve Hassle-Free Payroll Management

Here’s How You Can Stay Statutory Compliant and Achieve Hassle-Free Payroll Management

It is well-known that the entire payroll process is error-prone and expensive. To achieve a flawless payroll, most business enterprises have to spend hefty sums of money and precious time. Employees are invaluable assets for an organization. It is needless to say that compliance management and accuracy in the payroll process are two very crucial aspects in the contemporary business setting. Professional payroll and compliance service providers help businesses to achieve these. Why is Compliance Management Considered Critical for Business Success? With the...

How Does Payroll Outsourcing Bring Transformation to Payroll Management

How Does Payroll Outsourcing Bring Transformation to Payroll Management

Payroll outsourcing is touted to be one of the critical strategies that warrant timely and accurate payment of wages and salaries. Moreover, delegating your payroll management to third-party payroll solution providers helps transform the entire payroll process. It helps to streamline your business operations and control costs. What Does a Payroll Solution Provider Do? The shifting requirements and changing regulations make it more important for Indian businesses to go for payroll outsourcing. Professional payroll service providers can offer customized payroll solutions depending...

Top Human Resource Management Challenges That Modern Business Need

Top Human Resource Management Challenges That Modern Business Need

Growing the business and developing the means to increase the cash flow are generally the primary objectives of any business owner. However, human capital is considered one of the most important assets for any contemporary business. No wonder HR Services and employee management have taken center stage. Organizations that fail to achieve efficient HR Management naturally struggle to manage their key strategic processes. The Crucial HR Management Challenges Faced by Contemporary Businesses Organizations with more than 100 employees need to have an...

Payroll Management Systems Eliminating Errors Made Easy

Payroll Management Systems – Eliminating Errors Made Easy

Payroll is the backbone of any organization and involves a number of processes. The task of payroll management is crucial, undertaken to ensure that said process runs smoothly. However, there are instances that payroll processes run into errors that can be costly. The global payroll survey of 2021 shed some insight on payroll and how the aspect of payroll would be a major aspect that would propel organizational growth in the time ahead. Some of the strategies and insights from this survey are...

Key Factors to Consider While Choosing Your Payroll Partner

Key Factors to Consider While Choosing Your Payroll Partner

Payroll management is a critical element in any modern business, and it is a challenging task as well. Not all business organizations will find managing their payroll and keeping up with the ever-changing rules and regulations easy. Payroll Solution providers help entrepreneurs and managers to handle the payroll management process with unwavering accuracy. Companies that go in for payroll outsourcing can better use their resources and time, thus ensuring increased efficiency and profitability. Major Points to be Borne in Mind When You...

Minimum Wage in India – What You Need to Know

Minimum Wage in India – What You Need to Know

A fair day’s wage for a fair day’s work is an adage that still holds today. All employees from all sectors and walks of life are entitled to a minimum wage. Under the purview of statutory compliance, organizations must pay employees a minimum wage for work carried out. Minimum wage is defined as a non-negotiable payment that an employer pays an employee for the work done by an employee during a specific period. An arbitrary body can previously agree upon this amount...

What Businesses Need to Know About Statutory Compliance, Crucial Acts, and Labor Law in India

What Businesses Need to Know About Statutory Compliance, Crucial Acts, and Labor Law in India

The government of India has created a legal framework in the form of statutory compliance requirements. All business organizations having employees must operate within this framework to ensure the welfare of employees and a fair working atmosphere. Companies failing to adhere to such compliance standards and needs will face legal liability and other consequences. Labor law compliance is considered a critical factor in Indian industry and commerce. Adhering to standards and meeting all compliance requirements necessitate partnering with efficient payroll services. The...

Mental Health in The Workplace – Overcoming Challenges for a New Era

Mental Health in The Workplace – Overcoming Challenges for a New Era

A 2016 survey by Optum found that 46% of the Indian workforce suffered from stress. A large percentage of the respondents also had a skewed BMI and risk for hypertension. Furthermore, the WHO found that 56 million Indians suffer from depression, and 38 million suffer from anxiety disorders. Owing to mental health conditions in India, the WHO has estimated economic losses amounting to close to 1.03 trillion USD between 2012 and 2030. The arrival of the CoVID pandemic only worsened...

How Companies Can Tie Up with TalentPro (Staffing Agency) to Save Time and Costs

How Companies Can Tie Up with TalentPro (Staffing Agency) to Save Time and Costs

Regular candidate assessment and employee recruitment processes are commonplace in global businesses throughout the year. Apart from this, business organizations are periodically required to meet an unanticipated surge in business or handle bigger projects. Due to this, in addition to their in-house human resource managers, entrepreneurs often feel the need to tie up with reliable staffing agencies and third-party payroll service providers. Tie up with the Best Staffing Agency to Reap Significant Business Benefits Reputed and reliable staffing agencies provide perfect staffing...

All That You Need to Know About Employee Reimbursement

All That You Need to Know About Employee Reimbursement

As a part of compliance management processes, organizations must ensure that payroll compliance is followed. One of the processes involved in it is that of employee reimbursement. Employee reimbursement is the process of compensating employees for expenses that the employees from their own pockets have handled. This process extends to even customers, clients, shareholders, and third parties who have spent on business-related expenses for an organization. Reimbursement and Compensation – The Difference Reimbursement and compensation may seem like synonyms of one another, but there...

What-Makes-TalentPro-Your-Best-HR-Business-Partner

What Makes TalentPro Your Best HR Business Partner?

HR Services, especially third-party payroll services, have been identified as key factors that allow entrepreneurs and managers to succeed through human assets. Payroll management is gaining increased significance among the multifaceted human resource management aspects. This calls for delegating the HR services to a professional payroll service agency.  HR Business Partners – the Fundamentals Experienced and skilled HR services such as TalentPro India act as reliable business partners for today’s entrepreneurs. We empower contemporary organizations to align their business strategy with their human asset strategy.  TalentPro...

Understanding the Difference between RPO and Staffing Agency

Understanding the Difference between RPO and Staffing Agency

A traditional staffing agency helps business organizations in fulfilling their short-term hiring needs. On the other hand, delegating your long-term recruiting process to a professional recruitment process outsourcing (RPO) partner ensures achieving business objectives through a comprehensive recruitment process. A reliable staffing agency operates on a specific requirement basis, assisting businesses to hire temporary and temporary-to-permanent employees. In the case of RPO, the primary focus is on crafting a strategic recruitment program that helps to attract, recruit, and retain the best talent on a permanent basis. Key Differences between RPO...

Equality and Non-Discrimination in the Workplace – All That You Need to Know

Equality and Non-Discrimination in the Workplace – All That You Need to Know

Organizations are expected to follow certain guidelines and standards that ensure that they conduct their business activities ethically and look after the well-being and interests of their employees as a part of their statutory compliance. Shops and establishment compliance ensure that shops, cafes, hotels, or any commercial establishment also adhere to a certain set of protocols and rules similar to that of organizations. Factories and industries are not covered under this Act. Unfortunately, employees do face discrimination at workplaces across the country and denial...

Crucial Legal Registration Processes for Starting a Business in India

Common Legal Registration Processes for Starting a Business in India

Before venturing into a new business in India, it is essential that you diligently follow the necessary steps to get your organization properly registered according to governmental regulations and legal requirements. One of the first steps toward establishing your new enterprises is meeting all legal and industry compliance needs. Meeting shop & establishment compliance and other company registration-related formalities necessitate start-ups to partner with reliable and efficient HR and business registration service providers such as TalentPro India. The Crucial Processes in Business Registration  Start-ups must...

Payroll Management Tips for Start-Ups

Payroll Management Tips for Start-Ups

With so many changes occurring in the global business ecosystem, the payroll process is considered crucial in any growing business. Entrepreneurs have started seeing their employees as their internal customers upon whom the entire business relies. Unlike in the past, mere payment of wages and salaries will not suffice in the modern business arena. Paying each team member his or her due wage, deducting the right amount of tax, and filing the tax returns accurately are all the responsibilities of business owners....

Managing HR Policies and Procedures Made Easy

Managing HR Policies and Procedures Made Easy

It is essential to establish a reliable framework of guidelines that support efficient people management in any business organization. This calls for appropriate HR policies and procedures. These policies and procedures set the guidelines for various HR services-related aspects such as selection, recruitment, on boarding, timesheet management, and training, among other things. The Need for Formulating and Implementing Effective HR Policies and Procedures Any contemporary business having employees can significantly benefit from the proper implementation of HR policies. These policies and...

Strategic Staffing – Staffing Made Easy for a New Age Marketplace

Strategic Staffing – Staffing Made Easy for a New Age Marketplace

Organizations globally have had to rethink hiring and staffing strategies in the wake of the global pandemic and the subsequent relaxation of restrictions. India’s staffing service industry saw a 3.6% growth in the fiscal year 2020-2021, which was driven by a recovery in the fourth quarter of the year 2020. According to data from the Indian Staffing Federation, workers were assisted by the flexi-employment market trends post the pandemic. The report noted growth in temporary staffing in IT staffing, e-commerce, logistics, and manufacturing....

impact of a pandemic on regulatory compliance

Impact of the Pandemic on Regulatory Compliance

Intro It is a universally known fact that the pandemic has touched the lives of almost everyone in the contemporary world. With time, the impact of COVID-19 on individuals, businesses, and global markets has been growing and becoming clearer. Compliance Management is one of the myriad realms that have felt the pinch. Subjecting companies and business enterprises to unusual and unknown risks, the pandemic has necessitated the groundwork for new challenges. Influence of the Pandemic on Compliance Management on a Global Scale The ongoing crisis...

Managing your Contract Employee Workforce Made Easy

Managing your Contract Employee Workforce Made Easy

Intro The global economy has been making a smart comeback after the long lull caused by the pandemic. To quickly ramp up production while treading cautiously, business owners and managers are relying on contract workers. This allows them to remain flexible amidst the improving situation without heavy risk investments in human capital. Contract employment is touted to be a crucial contributor to the economy that is galloping back. Read more: The Contract Labour Act Explained The Need for Exercising Caution While Acquiring and...

Payroll Audits – Strengthening Your Payroll Process

Payroll Audits – Strengthening Your Payroll Process

The payroll process is an integral part of an organization’s activities. It involves more than simply keeping track of a list of employees and their wages. It involves processes like tracking leave and attendance, allocation of benefits and rewards, and insurance. Other methods involve record maintenance and documentation and, in some cases, analytics. Payroll is not merely limited to just these processes but also that of compliance. Taxation in the form of calculation and payment of payroll tax is a key requirement of the payroll...

All That You Need to Know About the Apprenticeship Act and its Eligibility

All That You Need to Know About the Apprenticeship Act and its Eligibility

Apprenticeship programs are an excellent way for prospective employees to learn special skills skill that organizations may require. It is also easier for employers to identify talent and prospective employees for very specific needs. To ensure that apprentices are not exploited and that labour law compliance is followed, the Apprentices Act of 1961 was enforced and amended twice in 1973 and 1986. The pandemic affected organizations, who, despite the surge in economic activity, will always require employable talent, and a solution to this...

Migrating Your Payroll – All You Need to Know

Migrating Your Payroll – All You Need to Know

The word payroll has come to mean more than just the list of employees in an organization and the payment of their employees. Today, the word is associated with many tasks, including the calculation, recording, and eventual automation of employee salaries, bonuses, incentives, benefits, taxation, and attendance processing. This also includes employees who might be both full-time and employees who may be part of contract staffing arrangements. Statistics by the IMARC group expected the global payroll outsourcing market to grow at a steady...

Proactive-Steps-to-Identify-and-Prevent-Workplace-Harassment

Proactive Steps to Identify and Prevent Workplace Harassment

In spite of every possible step being taken toward achieving gender equality and equal pay for equal work, workplace harassment has not faded out yet. Mostly sticking out its ugly head in the form of sexual harassment—among other forms—workplace harassment may prove detrimental to any business. Today, entrepreneurs across the world have started considering ways to fend off the evils of workplace harassment in any form. Major Types of Workplace Harassment To identify and ward off harassment that negatively impacts the stability...

The Key Roles and Responsibilities of a Payroll Administrator

The Key Roles and Responsibilities of a Payroll Administrator

Payroll administration is a crucial process that falls under the HR domain of any business organization. Payroll services help modern businesses and entrepreneurs to ensure timely and accurate payment of salaries and other benefits to their employees. Payroll administration covers critical activities such as appropriate calculation of working hours and applicable taxes and salary management. The Need for Outsourcing Payroll Services Accurately collecting and presenting the relevant data associated with payroll activities demands focus and punctuality. With their hectic schedules, business owners and managers...

The Role of Third-Party Payroll Management in Resolving Business Obstacles

The Role of Third-Party Payroll Management in Resolving Business Obstacles!

Intro Running a business has always been filled with challenges and obstacles. No thoroughfare takes you along a smooth, dream ride in business. It is not by trying to eliminate the practical challenges and obstacles; rather, standing up to them and overcoming them unscathed that you can succeed in your business. One way of assuring that you equip yourself with the aspects necessary for surpassing the difficulties is to partner with robust third-party payroll management service providers. Why is Third-Party Payroll Management Considered Significant? Partnering with...

Recruitment vs. Talent Acquisition Know the Difference!

Recruitment vs. Talent Acquisition: Know the Difference!

Intro The constant evolution of modern business and the shifting business paradigms necessitate a clear understanding of the recruitment process and the need for effective talent acquisition. While the recruitment process helps business organizations to fill the necessary profiles, talent acquisition focuses more on strategic steps that ensure human assets, thus achieving and sustaining business success. How Does Talent Acquisition Differ from Recruitment Process?  Sure, there exist significant differences between recruitment and talent acquisition in the modern business arena. The recruitment process primarily ensures hiring someone who...

HR Policies Best Practices For Start-Ups In India

HR Policies: Best Practices For Start-Ups In India

Start-ups are naturally ridden with myriad concerns associated with growing, stabilizing, and expanding their businesses. In the constant rush toward meeting these primary objectives, they often do not have sufficient time or resources to establish HR-related solid standards and strategies that are critical to business success and sustenance. Even if you have a strong HR team, trying to manage the multi-pronged business needs such as recruitment, onboarding, training, and payroll, among other crucial HR processes. Delegating your HR services to an...

Staffing Trends for the FMCG Sector: All You Need to Know

Staffing Trends for the FMCG Sector: All You Need to Know

The onset of the CoVID pandemic heavily impacted the fast-moving consumer goods sector. However, the Financial Express reports that there will be growth in 2021 and beyond, driven by the FMCG sector. Given that the sector is poised for growth, innovators and organizations have taken to practices that have changed the way the sector does business. Flexible Costs: To survive in crises, organizations have had to adapt and become more flexible with their finances and practices. Organizations have taken fixed costs...

Everything you need know The Maternity Benefit Act,1961

Everything you need to know: The Maternity Benefit Act,1961

Organizations conduct their business activities within an extremely competitive marketplace and operate and carry out their activities within a pre-defined framework. Adherence to that framework is statutory compliance.  Organizations also have a responsibility to ensure that the safety and well-being of their employees are taken care of, given that they are crucial to any organization’s status, effectiveness, and public image. Ensuring that all compliances are followed falls under the sphere of compliance management.  One section of employees that need to be taken care of...

Importance of Employee Self Service in Outsourced Payroll Services

Importance of Employee Self Service in Outsourced Payroll Services

Employee self-service is a part of modern payroll management solutions. It enables employees to get the answers to all their payroll-related queries promptly. Manually managing the questions and addressing the information demanded by employees might prove time and resource-consuming. Business-specific employee self-service offered by third-party payroll service providers significantly helps to take such burden off while ensuring the satisfaction of the team members. Payroll outsourcing enables modern businesses to efficiently manage the task of handling employees’ unique information requirements. The Crucial Role played by Employee Self-Service Portals The...

Recruitment Process Outsourcing – Hiring Processes in the New Normal

Recruitment Process Outsourcing – Hiring Processes in the New Normal

According to LinkedIn, India’s Labour Market Update for June 2021 showed a steady uptick in hiring activity for April 2021, around the second wave of CoVID-19 cases in India. Since then, hiring activity has seen a steady increase when compared to the pre-Covid levels in 2019. Hiring processes have also undergone drastic changes with respect to the practice of hiring itself. Recruitment outsourcing companies are a major reason for this. These third-party service providers have drastically improved the way client organizations carry out...

What Is Shop & Establishment Compliance and Why Is It Important

What Is Shop & Establishment Compliance, and Why Is It Important?

Introduction Business owners involved with any commercial establishments such as shops, restaurants, recreation facilities, and hotels, among others, need to register mandatorily and apply for a shop and establishment license. Falling under the department of labor and controlled by the state government, the shops and establishments Act applies to all premises where services are offered to customers. Offices, warehouses, stores, and various other commercial premises are required to comply with the regulations and stipulations under the Shop and Establishment Act in India. Various...

The Contract Labour Act Explained

The Contract Labour Act Explained

The backbone of any organization is its employees. It becomes the responsibility of the organization to ensure that the rights, interests, and welfare of its employees are taken care of, thus ensuring labour compliance. The COVID-19 pandemic saw an unprecedented rise in contract workers across multiple sectors. According to a report titled ‘Decoding by Jobs-2021’, by recruitment business company Tagged, along with the Confederation of Indian Industry and Sunstone Eduversity, 1 in 4 hires will most likely be part of contractual...

Why is Payroll Outsourcing the Best Business Investment Plan

Why is Payroll Outsourcing the Best Business Investment Plan?

Intro While it is general for business owners and corporate managers to retain essential business functions, outsourcing payroll has gained increasing popularity. Payroll management is a time-consuming, resource-demanding process that requires constant monitoring and the utmost care. With increasing compliance needs and the growing responsibilities associated with payroll management, outsourcing your payroll-related processes to a reliable third-party payroll solution provider is a smart business idea. Why Do Modern Businesses Consider Payroll Outsourcing as a Smart Business Investment? The payroll landscape is never at rest;...

Automobile Sector Compliance in India

Automobile Sector compliance in India

Despite prevailing pandemic conditions, the Indian automobile industry in 2021 will soon see some positive growth in the coming years. A report by McKinsey has stated that the sector is expected to generate 65 million jobs by the year 2026. The automobile sector is an intense and challenging one. The quality of its output depends entirely on the performance of workers and employees who are the backbone of this sector. It becomes essential to abide by rules and regulations relating to...

Simplify Your Payroll Process with Talentpro's Efficient Payroll Management Service

Simplify Your Payroll Process with Talentpro’s Efficient Payroll Management Service

Intro Payroll management is a crucial aspect of any modern business; it could be time and resource-consuming. There’s no shortage of complexities in this critical and sensitive element that demands diligence and care. While error-free payroll management and compliance management appear to be daunting tasks for companies with insufficient manpower and skill, there are ways to handle these important factors. Modern entrepreneurs are well aware of the importance of statutory compliance in business. Outsourcing your payroll and compliance management processes to a...

Things to know about RPO Partner

Things to know about RPO Partner

Intro RPO service providers today offer a wide range of services that include the best staffing service. They cover an extensive spectrum of recruitment-related services such as sourcing, screening, and evaluating potential candidates. Moreover, RPO firms help entrepreneurs hire for cultural fit, technology consulting, employer branding, and much more. Hiring the right recruitment services agency is crucial to acquire the best talent and achieve your business objectives. Key Factors to Look for While Choosing Your RPO Firm Partnering with a skilled and experienced...

Difference Between Permanent, Contract, and Temporary Staffing Services

Difference Between Permanent, Contract, and Temporary Staffing Services

Introduction The workplace in the modern business environment has been evolving continuously. Temporary Staffing and contract staffing are among the factors gaining momentum in the contemporary human asset management setting. The workforce in today’s organizational teams can be classified under three broad categories, namely, permanent, contract, and temporary staff. It is the responsibility of the skilled staffing agency to identify clients’ unique needs and provide the appropriate staffing solutions. Why is it Essential to Classify Your Workforce Properly? With rising costs and fluctuations in...

Things to Check for Verifying Your Payroll Service Provider's Trustworthiness

Things to Check for Verifying Your Payroll Service Provider’s Trustworthiness

Introduction: For most modern business organizations filled with hectic activities, in-house payroll management may prove time-consuming. Add to this the hardships of handling the payroll management process with an untrained, inexperienced team. Lack of proper care and failure to exercise caution in this critical area could lead to unwanted consequences. Here’s where experienced and professional payroll processing service providers play a significant role in easing the complications and enabling businesses to achieve payroll-related objectives. Read more: Benefits of Outsourcing Payroll to a...

Reshaping HR strategies in the New Normal

Reshaping HR strategies in the New Normal?

The CoVID-19 pandemic saw businesses turned upside down as they scrambled to adapt to new levels of normalcy during the pandemic. Businesses slowly began to adapt to the new normal, and with this new normal came a new series of challenges. In the face of a crisis like this, innovative HR strategies that adhered to mandatory HR statutory compliance would have to be implemented to stay ahead of the curve and capitalize on the new normal. Some of these strategies include: Revamping and...

Proven Ways to Boost Workforce Efficiency

Proven Ways to Boost Workforce Efficiency?

Intro There has been constant change in the way global companies operate. Costs, dearth of resources, labor law compliance, and the drastic shift in work pattern are just a few of the various factors that necessitate improved employee efficiency. How to Enhance your Team’s Efficiency? Modern business organizations are continuously on the lookout for expansion and, at times, diversion. This fuels the constant need for adding their headcount and managing the entire workforce effectively in the available time. Moreover, they are shrouded by...

What makes TalentPro a Market Leader in Contract Staffing

What makes TalentPro a market leader in Contract Staffing?

Introduction Contract staffing is the modern staffing method that connects business owners and companies with individuals looking for jobs. Unlike regular staffing solutions, wherein employees and employers are bound by long-term obligations. Contract Staffing offers flexibility while ensuring that both the staff and the company are bound by rules and regulations that warrant mutual security. What Makes Contract Staffing Necessary and Popular? Contract Staffing provides exclusive benefits tcono employers and employees. Independent contracts that facilitate seasonal occupation prove helpful to skilled individuals who look...

Boosting your Business with HR Consulting

Boosting your Business with HR Consulting

When organizations become overwhelmed on various fronts, it becomes difficult to function and ensure a certain level of output and quality. The current global market has been challenging, with organizations rushing to adapt newer practices to survive as well as follow statutory compliance. HR consultancy services can go a long way in helping to bring these organizations to become market-ready once more. HR consultancy services are agencies that offer HR solutions to challenges that an organization may be facing. Some major tasks...

Mistakes Should Avoid When Managing Remote Working Team

Mistakes Should Avoid When Managing Remote Working Team

Introduction When COVID-19 clenched the whole world in its tight grip, unprecedented changes occurred. An altogether new concept of working from home has emerged as the new work model in the modern world. It offers several benefits to employees and employers while also demanding due diligence. Employee performance monitoring, compliance management, and leave and attendance management necessitate a more focused effort. This calls for smart and error-free practices on the part of managers. Common Mistakes Related to Managing Your Remote Working Team To achieve...

WHEN TO OUTSOURCE YOUR HR SERVICES 800

When to Outsource Your HR Service

Intro Responsible for the critical aspects of the workforce of a business establishment, the human resource management department plays a vital role today. Not just identifying and recruiting the right talent, training employees, and monitoring their performance, meeting compliance needs also comes under the scope of this busy section. In growing businesses, balancing the core business activities and these secondary yet critical factors may not be easy. Outsourcing HR services resolves the issue while ensuring to provide the best  payroll and compliance...

ESIC on Medical Care Benefits during the Covid-19 Pandemic

ESIC on Medical Care Benefits during the Covid-19 Pandemic

Intro In response to the grim pandemic situation in the nation, the Employees State Insurance Corporation (ESIC) has come up with crucial medical services such as free treatment programs that lend a helping hand to its beneficiaries. In accordance with statutory compliance, ESIC allows the subscribers to claim the sickness benefits.  Medical Care for ESIC Beneficiaries All insured persons and their family members—who are infected with COVID-19—may avail free medical care. Each ESIC hospital now functions with at least 20% of its bed...

Key Benefits of Outsourcing HR Services

Key Benefits of Outsourcing HR Services

Intro Human relations have become an essential element that influences employee retention and turnover in any contemporary business organization. Employee management processes include screening employees, recruitment, hiring, training, payroll management, and much more. When delegated to reliable HR services, these tasks can be effectively managed, freeing your company’s resources.  The complex and comprehensive HR management process can be handled effortlessly and efficiently by experienced HR services providers.  (Read more: HR Outsourcing – An Essential Business Strategy) The Exclusive Benefits of Outsourcing Your Company’s HR...

Prevention of Sexual Harassment (POSH) at workplace- Responsibilities of an Employer

Prevention of Sexual Harassment at workplace – Responsibilities of an Employer

Safe workplaces are necessary for employees to perform to the best of their potential. The Vishakha group’s efforts in 2013 were a small step in that direction. Today, organizations are continually striving towards safer workplaces and more effective systems for grievance redressal regarding workplace sexual harassment. This has all been due to the implementation of the Prevention of Sexual Harassment act of 2013. Workplaces now have mandatory POSH training sessions to ensure that workplaces are safe and harassment-free zones for all employees....

Setting up a small business process should know

Setting Up a Small Business – Processes You Should Know

Intro If you have conceived an excellent business idea and decided to start a new small business venture, you first need to understand the various procedures and requirements associated with it. Having a thorough idea of the legal, financial, and other crucial aspects is essential to venture into the business stream. Here’s where partnering with a robust and skilled HR service provider who can ensure end-to-end HR services comes in handy to meet all such important needs. Things That Demand Attention During...

Why Industries and Factories Are Outsourcing Their HR Services

Why Industries/Factories Are Outsourcing Their HR Services?

Introduction Managing human assets is one of the crucial and complex functions in any modern business organization associated with manufacturing activities. The scope of human resources management in factories is very vast, and it involves several critical steps such as hiring and onboarding through adhering to statutory compliance. A professional HR services company can take care of these deftly and enable factories to manage their processes efficiently. (Read More: HR Outsourcing – An Essential Business Strategy) The Key Advantages of Outsourcing HR...

Avoiding Compliance Penalties During the CoVID-19 Pandemic

Avoiding Compliance Penalties During the CoVID-19 Pandemic

Staying compliant during a pandemic can be a daunting task for organizations and even more so for managers. They have to handle logistics and other business activities remotely and continue to stay compliant with their practices and ethics during this difficult time. Handling statutory compliance is something organizations will have to deal with even during stressful times like these to ensure that all business is conducted ethically and the well-being of their employees is taken care of. Managers can get assistance from compliance services to...

Here's How You Can Improve Your Team's Productivity in the Remote Working Mode

Here’s How You Can Improve Your Team’s Productivity in the Remote Working Mode

Introduction A remote working model has become inevitable in the corporate business scenario amid the guidelines during the pandemic-related lockdown. Initiated by workplace safety and health concerns of the public, remote working has been facilitated by advanced technology tools and flexible work arrangements. While a numerous professionals in varied domains have been enabled to work in an innovative, all-digital environment, online attendance management and employee engagement have become elements of increased importance. Factors that Help to Effectively Manage Remote Workers While Maximizing...

The New Lockdown 2021- How Companies can Manage the Situation

The New Lockdown 2021 – How Companies Can Manage the Situation

Introduction The ongoing COVID-19 pandemic-related crisis has changed the way business organizations operate. The lockdown imposed by the government has necessitated outsourcing HR services to a reputed third-party service provider. Starting from Payroll Outsourcing through Compliance Management. The Changed Business Scenario Caused by the Pandemic   A lockdown has become unavoidable in the present situation. It is the only effective way to control the spread of COVID-19. While it bodes well for the overall wellbeing and safety of an organization’s employees and management, it...

What You Need to Know About the NAPS

What you Need to Know About the NAPS

What You Need to Know About the NAPS In August 2016, the government of India launched the national apprenticeship promotion scheme to develop India’s young workforce where it would financially support establishments that offered apprenticeship programs. In order to further facilitate the NAPS, the ministry of skill development and entrepreneurship validated the creation of third-party aggregators. A TPA, also called a NAPS agencyundertakes apprenticeship activities like arrange basic training for new apprentices, maintaining of their records, filing of returns and stipend administration. Components of...

Ensuring Compliance in Small Businesses in 5 Simple Steps

Ensuring Compliance in Small Businesses in 5 Simple Steps

Small businesses in India have a multitude of challenges to overcome. Given the current pandemic scenario in the nation, it becomes that much more complicated to handle employees and stays compliant. Handling statutory Compliance for an organization and its employees can become a challenge for any small business owner. However, while setting up a small business, certain practices can ensure that these businesses can stay compliant: Making Compliance Accessible To ensure that Compliance must be followed in an organization, management must ensure that it is...

WHEN TO OUTSOURCE YOUR HR SERVICES

Why Employee Appreciation is Crucial During the Pandemic

The timely recognition of performance has always remained one of the most motivating factors that induce employees to commit more. Recognition directly influences employee engagement and kindles their passion for their work. An organization that adopts a culture guided by a timely, frequent, and constant appreciation of its team members will significantly improve their participation. During the COVID-19 crisis-ridden business ecosystem, recognition of your employees’ contribution reinforces the bonding. The Fundamentals of Employee Appreciation Recognizing the employees’ performance through appreciation in a structured...

Importance and Benefits of Prevention of Sexual Harassment (POSH) Training for Your Employees

Importance And Benefits of Prevention of Sexual Harassment Training (POSH) For Your Employees

Irrespective of whether they are small companies or large corporations, modern businesses must ensure appropriate HR Services to avoid sexual harassment in the workplace. One of the unwanted issues in the business setting is sexual harassment in the workplace leading to serious and dangerous repercussions. Mandatory sexual harassment prevention training is fast becoming one of the crucial requirements of HR Compliance.  The Significance of Sexual Harassment Prevention Training  Work-related sexual harassment is one of the major concerns of business owners today. Not...

All You Need to Know about the National Employement Enhancement Mission

All You Need to Know about the National Employment Enhancement Mission (NEEM)

In 2013, the Indian government began an initiative to harness and enhance the skills and expertise of India’s potential manpower. One such programme is the national employment Enhancement Mission (NEEM). It is a program that was started in 2013 and was overseen by the All-India Council for Technical Education (AICTE). A NEEM agency is a certified, non-profit concern that individuals can approach and gain training and experience The objective of this initiative is to develop a competent workforce by enabling trainees to understand...

Should Your Company Hire a Payroll Partner During the Pandemic

Should Your Company Hire a Payroll Partner During the Pandemic?

Introduction The global economic downturn caused by the pandemic has necessitated businesses to look for flexible and cost-effective solutions to reduce the resources and expenses related to non-core business activities. Payroll Management services provided by reliable and experienced Payroll Outsourcing Agencies ensure compliance while saving precious time and effort. Payroll Management Process During the Global Pandemic Payroll Management has always remained one of the primary concerns for business owners. With the COVID-19 pandemic wreaking havoc on most industries and individuals, the need for...

Features to Choose Right RPO Partner

Features to Choose Right RPO Partner

In extremely competitive markets, organizations need to have the best talent to be on top. At times like these, an effective recruitment process is key. It can make or break an organization’s chances of success in a cut-throat industry or sector. Organizations that constantly look to innovate and stay ahead of the crowd have adopted Recruitment Process Outsourcing (RPO). RPO refers to the practice where an organization hands over its recruitment process to an external provider who provides quality hiring solutions for all...

Pros and cons of Payroll Mangement

Pros & Cons of Payroll Management

Intro Payroll Management Process involves managing the financial records of the employees of a company. It includes employees’ details such as salaries, bonuses, incentives, deductions, and net pay, among other crucial factors. The law requires an employer to maintain these records accurately. This can be achieved using an in-house team or payroll outsourcing service providers. Why Payroll Outsourcing Solutions Gain Momentum The in-house payroll management process, though appearing to be simpler, proves time-consuming and expensive. Entrusting your payroll management to a reliable and...

How to Handle Payroll for Out of State Employees

How to Handle Payroll for Out of State Employees

Out of state employees are employees of an organization in any of the following instances: When an employee moves out of state and has to travel for work, When an employee works remotely for an organization When an employee is designated by the company to carry out tasks in another state by the company. Managers have had to adapt to competitive working conditions to expand their organization’s interests across regions. Third-party payroll came to the rescue of managers and companies to help them deal with payroll...

How to Handle Employees Discussing Politics in the Workplace

How to Handle Employees Discussing Politics in the Workplace

Description Modern workplaces are prone to political discussions and conversations associated with various political affairs. While a few of your employees may find this amusing and interesting, from the productivity and work harmony perspective, it is something that had better be prevented. It is the responsibility of efficient HR Services to avoid political discussion among employees in the workplace. The Need for Avoiding Political Discussions at Work To be able to achieve the business objectives and a conducive work environment, the workplace needs...

HR Outsourcing Service for Small Businesses - Everything You Need to Know

HR Outsourcing Service for Small Businesses: Everything You Need to Know

Description Business organizations, regardless of the type and size, need to adhere to HR Statutory Compliance not only to become successful but also to avoid legal liabilities. HR services are a crucial component of any modern business today. But not all businesses are equipped with the capabilities to manage their human resources perfectly. Here’s where outsourcing HR Services helps small businesses to efficiently handle their HR management by providing reliable staffing solutions, payroll management solutions, and much more. Outsourcing HR Services –...

Why Compliance is the Most Important Part of Business Today

Why Compliance is the Most Important Part of Business Today?

Description Business compliance is all about how a company obeys all the essential laws and regulations. It refers to how a company manages its business and its staff and how it treats the consumers. HR compliance is adhering to the working standards set by governmental agencies and other authorities. Labour Law compliance is a crucial factor that influences employees. Why is HR Compliance Significant for Businesses? Several business organizations might find it difficult to meet their compliance requirements. But any company must conduct...

Different Functions of Payroll Management

Different Functions of Payroll Management

Regardless of the size or type of business, any organization must pay due attention to its Payroll Management Process, which is crucial in several ways. An accurate payroll management process helps to maintain the employees’ morale and the company’s financial stability. Payroll plays a significant role in elevating employees’ experience and encourages them to be loyal and perform better to achieve their progress and the company’s. Businesses need to have perfect payroll solutions in place. The Key Functions of a Robust Payroll...

What to Know While Processing Year-End Payroll

What to Know While Processing Year-End Payroll

At the end of a busy financial year, HR managers have to contend with numerous tasks. One of the ins, ensuring that payroll processing is handled accurately and effectively. The payroll management process however, is far from easy. However, there are effective practices that managers can follow that can ensure that they stay on top of things at the end of the year. Ensure that Employee Documents Are Up-To Date A key payroll process includes the process of maintaining employee records as well as...

How Risk is Non-Compliance to your Business

How Risk is Non –compliance to your Business

Compliance is a safety net for any organization. The practice of adhering to rules and regulations, and standards that have been set forth by governing bodies is called compliance. Staying compliant with standards and codes however is no easy task. It is an ongoing continuous process that has to be constantly revisited and reassessed periodically. Compliance is of 3 basic types: Regulatory Compliance:  Compliance with rules that have been set by a regulatory body that is overseen by a state or central government. Statutory...

Get to know the legal requirement for starting a Business

Get to know the legal requirement for starting a Business

Starting a business can be challenging and intimidating for new investors and heads. Ensuring that all mechanisms are in place by the time work gets underway is an essential task that upper management must take care of. In order to ensure that a business runs smoothly, statutory compliance and other tasks must be fulfilled. Structuring a company  Structuring a company is the first and foremost task that must be attended to. Structuring involves how the organization’s hierarchy will be structured and the kind of...

Overcoming Obstacles in Payroll Processing

Overcoming Obstacles in Payroll Processing

Processing a company’s payroll is a time-consuming task with little room for error. It encompasses tasks that range from employee documentation and maintenance to taxation and time and attendance. Organizations can look at payroll outsourcing to improve the efficiency of their business. Organizations may look to expand the scope and scale of their operations and business and with it come major challenges. Handling the logistics of expanding an organization’s operations is a task that requires both patience and focus. One of the key...

Features of Most Valuable Online Payroll Service

Features of Most Valuable Online Payroll Service

Payrolling has gained immense business importance across all the corporate sectors at present. Third-party payroll has played a dominant role in modern India's business environment for quite some time now. There are so many payroll service providers in this country, but you need to make sure that you avail the service of only the best out of the best. As a business owner, you must be aware of the features that mark the reputation of a good service provider. Also, you must be aware of...

How to Mitigate Compliance Risk Factors

How to Mitigate Compliance Risk Factors

In today’s business world of cut throat competition, it is very required from the corporates that they follow certain principles that will help them to mitigate the compliance risks. Compliance is defined as the outcome for adhering to the Government rules. Compliance Risk can involve legal and financial consequences for failing to act according to certain established regulations required for running of a business. Statutory Compliance in India is a very must for every small and big business house and it...

Implementing Statutory Compliance in 5 Easy Steps

Implementing Statutory Compliance in 5 Easy Steps

Statutory compliance refers to an organization’s adherence to laws passed by a local, state, or central government. The practices taken up by employees to adhere to these regulations and codes and the management of those practices by higher-ups is called statutory compliance management. Most organizations avoid compliance failure by investing in statutory compliance services, third-party concerns that assess compliance risks and threats in an organization. Findings by a survey by TaxMantra in 2020, have found that in India: Every second startup receives an...