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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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Things to know about the full and final settlement process

Full and Final Settlement, popularly known as FnF Settlement, happens when an employee decides to leave, resigns from an organization, or is terminated by the employer. The significance of the settlement policy is to pay all the balance payments to the employees including retirement benefits, bonuses, gratuity, incentives, etc.  Significant components of FnF: Unpaid Salary Non-availed leaves and bonus Gratuity Deductions Pension Primary components of the Full & Final Settlement:…

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5 Key Roles of HR in Training and Development

Training and development is an integral part of an organization and it is one of the essential HR function development activity. The role of HR is vital for sailing the training and development process. HR is the person who believes the employees are the most valuable assets and indispensable sources of the organization. A good HR leader sees the employee’s potential and make them utilize their training hours at their…

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What is payroll deductions?

Payroll deductions refer to the cost the employer deducts from the employee’s Salary every month in the form of taxes or voluntary deductions. The employer withholds a certain percentage of the employees’ Salary every month to cover contributions towards insurance premiums, investment plans, and retirement plans. While the government-mandated taxes, employee provident fund, employee state insurance, and TDS are compulsory deductions and implemented throughout the employee’s tenure. These deductions are…

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Top 5 Recruitment challenges and how to overcome them

Recruiting in today’s world is a challenging task. Recruiting is a process that requires time, effort, and patience. Having the right candidate for the right job is the most valuable asset to an organization. However, the main challenge for a start-up or a well-established enterprise is to attract top-talented and qualified people to their team. Hiring and retaining suitable candidates are the two most significant factors that set apart a…

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What is Corporate Compliance? How is it important?

Corporate Compliance: Compliance is “the action of complying “or “the state of meeting rules or standards.” In the corporate world, it is said as the process of making sure the company and employees follow all laws, regulations, standards, and ethical practices that apply to the organization and industry. Corporate Compliance in a Business: Corporate Compliance refers to how organizations follow all the rules, regulations, and policies that apply to the…

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What Are Payroll Reports? How It Is Useful For Business Decisions?

Payroll is more than just paying people’s baseline salaries. A payroll report is a document that provides valuable workforce insights, which employers use to verify their tax liabilities or crosscheck financial data. These reports are used in business decisions and to predict short-term right to long-term growth. As the name suggests, these reports are generated from the payroll process and are primarily related to manpower. It includes information such as…

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