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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Begin the New Financial Year Remarkably Efficiencies with TalentPro
[vc_row][vc_column][vc_column_text]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…
Crucial Legal Compliance Needs for Start-Ups in India
[vc_row][vc_column][vc_column_text]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…
Effective Tips for Making the Most of Payroll Solution
[vc_row][vc_column][vc_column_text]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…
Time-Tested Strategies for Retaining the Best Talent in Your Organization
[vc_row][vc_column][vc_column_text]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…
The Different Types of Payroll Services for Contemporary Businesses
[vc_row][vc_column][vc_column_text]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…
Offer Added Benefits to Employees and Achieve Long-Term Business Success
[vc_row][vc_column][vc_column_text]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…
All You Need to Know about the Taxable, Nontaxable, and Partially Taxable Components of Salaries and Allowances
[vc_row][vc_column][vc_column_text]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…
Acquire the Best Talent through an Appropriate Recruitment Process
[vc_row][vc_column][vc_column_text]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…
The New Employee Onboarding Checklist for Every Contemporary Business
[vc_row][vc_column][vc_column_text]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.…
All That You Need to Know about ESIC—from Registration to Documents and Processes
[vc_row][vc_column][vc_column_text]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…
How Does the ESIC Inspection Procedure Impact Society
[vc_row][vc_column][vc_column_text]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…
Tired of Payroll Processing Drudgeries? Try Payroll Outsourcing Now
[vc_row][vc_column][vc_column_text]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…
