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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How Does Payroll Outsourcing Bring Transformation to Payroll Management
[vc_row][vc_column][vc_column_text]Payroll outsourcing is touted to be one of the critical strategies that warrant timely and accurate payment of wages and salaries. Moreover, delegating your payroll management to third-party payroll solution providers helps transform the entire payroll process. It helps to…
Top Human Resource Management Challenges That Modern Business Need
[vc_row][vc_column][vc_column_text]Growing the business and developing the means to increase the cash flow are generally the primary objectives of any business owner. However, human capital is considered one of the most important assets for any contemporary business. No wonder HR Services…
Payroll Management Systems – Eliminating Errors Made Easy
[vc_row][vc_column][vc_column_text]Payroll is the backbone of any organization and involves a number of processes. The task of payroll management is crucial, undertaken to ensure that said process runs smoothly. However, there are instances that payroll processes run into errors that can be costly.…
Key Factors to Consider While Choosing Your Payroll Partner
[vc_row][vc_column][vc_column_text]Payroll management is a critical element in any modern business, and it is a challenging task as well. Not all business organizations will find managing their payroll and keeping up with the ever-changing rules and regulations easy. Payroll Solution providers…
Minimum Wage in India – What You Need to Know
[vc_row][vc_column][vc_column_text]A fair day’s wage for a fair day’s work is an adage that still holds today. All employees from all sectors and walks of life are entitled to a minimum wage. Under the purview of statutory compliance, organizations must pay employees…
What Businesses Need to Know About Statutory Compliance, Crucial Acts, and Labor Law in India
[vc_row][vc_column][vc_column_text]The government of India has created a legal framework in the form of statutory compliance requirements. All business organizations having employees must operate within this framework to ensure the welfare of employees and a fair working atmosphere. Companies failing to…
All You Need to Know About Payroll Taxes and Income Taxes
[vc_row][vc_column][vc_column_text]Payroll tax and income tax form the major tax components in workers’ tax responsibility. It is required by employers to withhold part of the wages that they pay to their employees toward taxes. For accurately deducting payroll taxes and filing tax returns timely, business owners must delegate their payroll management process to be reliable and experienced payroll service providers. Payroll Tax: The Fundamentals Also known as employment tax, the payroll…
HR Industry Trends to Watch Out for in 2022
[vc_row][vc_column][vc_column_text]HR Services has been continuously evolving with progressive technology and changing employee and employer demands. Especially after the pandemic, there are quite a few changes in how employees work and where they operate from. HR services play an even more responsible and significant role in any modern industry. To efficiently meet the changing requirements, HR services need to understand and act upon the latest trends in the industry. Key HR…
Outsourcing Payroll for MNCs – A Winning Strategy
[vc_row][vc_column][vc_column_text] Between April and June of 2021, there was a surge in the number of companies that were established in India, with over 17,200 companies being formed. Also, according to the same data from the Ministry of Corporate Affairs. 13.7 lakh companies were active during this period. Given the hyper-competitive nature of organizations, most companies have opted to go in for payroll outsourcing which can reduce the toll it takes on managers…
All You Need to Know About Regulatory and Compliance Requirements
[vc_row][vc_column][vc_column_text]Setting up appropriate workplace policies in compliance with laws and norms as prescribed by the industry and governmental agencies is a basic need for running a business. Enforcing them is a crucial requirement of any modern business organization. Moreover, companies must have a system to ensure appropriate practices to adhere to such policies. All these make HR Compliance a critical part of the business. Partnering with the right compliance service…
7 Effective Ways to Communicate Your Company’s Core Values during Onboarding
[vc_row][vc_column][vc_column_text]Core values and organizational culture represent a company’s unique identity. Core values are considered the foundation blocks supporting an organization’s workforce. Instilling these among your team members ensures their inspiration, purpose, and guidance throughout their employment term. The Need for Developing an Organization’s Core Values among the Employees The initial stages of your employees, namely recruitment and onboarding, are crucial, wherein you need to communicate your company’s beliefs, principles, and…
HRIS HRMS HCM – What’s the Big Difference
[vc_row][vc_column][vc_column_text]The global human resource management market is poised to have a market share of USD 39.5 billion by 2027 according to KBV research. The rapid growth in the HR management market has been further spurred on by the global pandemic, with an increased reliance on elements that have made HRM easier, such as AI and analytics. Easy access and efficiency in managing employees remotely have become easier for managers. HR managers now…
