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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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…
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 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…
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…
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…
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…
The Need for a Structured Corporate Governance, Risk, and Statutory Compliance Framework
[vc_row][vc_column][vc_column_text]Intro In addition to nurturing your business and achieving expansion, following a set of proven practices that run across your organization at different levels is crucial. It helps to enhance your company’s principled performance while mitigating compliance risk. Statutory governance, risk management, and corporate governance are the three major elements of a modern business. Statutory compliance: In the human resource management parlance (associated with payroll management), statutory compliance is the…
A Complete Payroll Tax Guide that Helps Avoid Penalties
[vc_row][vc_column][vc_column_text]Intro Payroll taxes comprise all the taxes paid on the wages of an organization’s employees. These include the timely and accurate deduction of your employees’ wages and paying specific taxes to the Government on their behalf. Non-compliance to the norms and regulations related to payroll taxes results in hefty penalties and other unwanted liability. Payroll management can best be handled with the help of payroll outsourcing companies. The Fundamentals of…
Effective Vendor Management that Maximizes Business Benefits
Intro Defining vendor management in a simple, succinct way is the process that helps create, monitor, and cultivate your relationships with your vendors, thus enabling you to achieve business objectives smoothly. Vendor management is one of the factors that help prevent business disruption. It addresses issues such as supplier selection, ensures that goods and services are delivered and provided on time, and warrants adherence to standards. Vendor Management Process–The Fundamentals…
Why is Critical Thinking Considered a Key Skill
[vc_row][vc_column][vc_column_text]Intro Amid competition and increasing demand for innovative skills, the ability to smartly analyze the available information and draw sensible, reasonable conclusions is crucial. Significantly, individuals and business enterprises develop the skill to recognize useful and relevant details while shoving off less important details. This discrimination is the much-needed caliber today that enables smart decision-making. Little wonder business owners and managers prioritize critical thinking as a key quality. The Need…
Crucial HR Documents That Every Modern Business Must Be Aware of
[vc_row][vc_column][vc_column_text]Intro Entrepreneurs, especially small business owners, would likely want to spend time training their employees and expanding their businesses. In the midst of the hectic activities related to nurturing a budding business, being concerned about compliance issues and the consequences of being unable to meet such needs will be hard on the part of any business owner. Documenting and tracking crucial paperwork in your organization will help to achieve this.…
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…
