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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.

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what is vendor compliance?

What is Vendor compliance?

Vendor compliance refers to the adherence of a supplier or vendor to the terms, conditions, and standards set forth by a buying organization. Essentially, it’s about ensuring that the products or services provided by a vendor meet the specified requirements,…

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All you need to know about employee compensation policy.

All you need to know about employee compensation policy

Employee compensation policy refers to the structured framework a company implements to determine how it remunerates its employees for their work. It encompasses various components, including salaries, wages, bonuses, benefits, and incentives. Crafting an effective compensation policy is crucial for attracting and retaining top talent, motivating…

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employee-training-developement

From Skills to Success: Why investing in Training and Development matters

We’ve all heard the saying, “employees are a company’s greatest asset.” If that’s truly the case, then it only makes sense to prioritize their well-being and development. Preserving your assets is important, but enhancing the employee value is even better. The same applies to employees in your organization—by investing in them, you can simulate growth in various areas such as cash flow, productivity, and product quality. Employee training might just…

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What is Unified Pension Scheme (UPS)?Eligibility, Benefits & Returns

Unified Pension Scheme (UPS): Eligibility, Benefits & Returns The Central Government introduced the Unified Pension Scheme (UPS) on August 24, 2024. Set to be implemented from April 1, 2025, the UPS is expected to benefit 2.3 million Central Government employees. Here is everything you need to know about the UPS, including its details, benefits, and eligibility criteria. What is Unified Pension Scheme(UPS)? The Unified Pension Scheme (UPS) is a new…

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Comprehensive Guide to Statutory Compliance in India : Essential Regulations for Businesses

List of Statutory Compliance in India Statutory compliance refers to the legal framework that organizations must adhere to while dealing with their employees. In India, these laws are established by various acts and cover a wide range of areas including labour laws, tax laws, and health and safety regulations. Here is a comprehensive list of key statutory compliances that businesses in India need to follow:  The Factories Act, 1948 Governs…

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The future of work : How staffing solutions companies are reshaping the job market

The job market is undergoing a significant transformation, driven by rapid advancements in technology, shifting economic landscapes, and evolving workforce expectations. At the forefront of this transformation are staffing solutions companies, which are playing a pivotal role in reshaping how we work, where we work, and what the future of work will look like. Flexibility and Agility in the Workforce One of the most significant changes brought about by staffing…

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Statutory-compliance-checklist-for-manufacturing-companies

Statutory compliance checklist for manufacturing companies

Statutory compliance checklist for manufacturing companies One can argue that the manufacturing industry is at the heart of all industry. Statutory compliance in the manufacturing companies is crucial to the safety of its workers, the quality of the products and services delivered and to the reputation of the company itself. The Government cares for employee welfare but also wants organisations to succeed. For this, the Government statutory schemes are those schemes…

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Understanding statutory compliance in Indian business functions

In India, all business functions, including payroll, are governed by a set of guidelines collectively referred to as statutory compliance. Any business actively engaged in payroll operations is likely familiar with this term. Ensuring payroll compliance involves substantial resources, energy, and time, often requiring thorough audits to avoid legal issues. Businesses frequently worry about the legal challenges associated with non-compliance, such as dealing with hostile employees, managing unreasonable wage demands,…

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