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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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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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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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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…

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Navigating legal compliance: A guide to business practices in India

  Running a successful business involves several critical considerations, and maintaining legal compliance should be at the top of your priority list. Legal compliance in India entails a significant amount of paperwork and procedures, making it essential to have a dedicated compliance team within your business to handle this function effectively. Adhering to laws, regulations, and standards helps streamline your business operations and, most importantly, prevents severe penalties and fines.…

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What is an executive search firm and how did executive search company work

What is an Executive search firm? An Executive search firm, also known as an executive recruitment firm or headhunting firm, plays a crucial role in the talent acquisition process for organizations seeking top-level executives. These firms specialize in identifying, attracting, and hiring candidates for senior-level positions, acting as a type of staffing agency with a focus on high-level recruitment. Executive search firm brings a wealth of expertise and resources, ensuring…

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What is Contingent Staffing? Essentials and Examples

What is Contingent staffing? Contingent staffing refers to the practice of hiring temporary workers or contract employees on an as-needed basis, rather than employing them full-time as permanent workers. Contingent workers and contractors are essentially the same; both are brought in to fulfil specific roles or complete projects for a predetermined period, without the long-term commitment of traditional employment. In the modern workplace, contingent labour has gained importance due to…

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Step-by-Step guide to payroll processing 2024

What is payroll processing? Payroll processing encompasses the complete sequence of steps necessary to calculate each employee’s total remuneration. This process typically includes three to four stages and involves tasks such as defining salary structures, gathering employee data, accounting for components like deductions and allowances, and setting up necessary policies related to taxes and other adjustments. Beyond disbursing salaries, payroll processing also involves filing, reporting, and providing payslips to employees,…

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