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.
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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.…
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,…
Shop and Establishment Act Compliance Checklist 2024
Ensuring Compliance: A Comprehensive Guide for Businesses Under the Shops Act in India In the realm of business operations in India, compliance stands as a cornerstone, signifying adherence to legal regulations and norms. Each statute, including the Shops Act, delineates a set of compliance…
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…
HR Compliance Checklist 2024: A Guide for HR Professionals
Human resource compliance refers to rules and standards guiding human resource planning and management, setting benchmarks for HR practices. The management of these standards in line with the organization’s overall objectives is known as human resource compliance management. By ensuring…
How to choose a right RPO company?
Select your RPO company: RPO company vary significantly in terms of their technology, methodologies, personnel, and overall approach. Given the consultative nature of this function, it’s crucial to identify the provider that best fits your company’s culture, management style, and…
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…
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…
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…
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…
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,…
Essential guide to HR compliance in India: Laws, challenges, and solutions
Navigating the intricate landscape of HR compliance in India is crucial for every organization. Ensuring adherence to labour laws, workplace safety regulations, and fair employment practices is not only a legal requirement but also essential for fostering a positive work environment. Definition of HR compliance HR compliance involves adhering to laws, regulations, and company policies that govern how employees are treated. This encompasses aspects such as hiring practices, workplace safety…