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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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Crucial Legal Compliance Needs for Start-Ups in India

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…

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How to Transform HR Compliance to Mitigate Risks and Achieve Rewards

How to Transform HR Compliance to Mitigate Risks and Achieve Rewards

[vc_row][vc_column][vc_column_text]Intro An increasing number of legislations and changing industry standards have made HR compliance more significant in the contemporary business ecosystem. As even a small error leads to the image of a business being tarnished—let alone the legal tangles—it is crucial to meet all compliance needs, especially labor laws. Tips to Transform HR compliance Having the right personnel to manage HR compliance is the first step: Meeting statutory compliance in…

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All You Need to Know about the Taxable, Nontaxable, and Partially Taxable Components of Salaries and Allowances

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…

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Acquire the Best Talent through an Appropriate Recruitment Process

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…

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The New Employee Onboarding Checklist for Every Contemporary Business

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.…

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All business establishments having more than ten employees need to register themselves with the Employees State Insurance Corporation (ESIC) in India.

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…

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How Does the ESIC Inspection Procedure Impact Society

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…

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