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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What is the importance of having an HRMS?

What is the importance of having an HRMS?

[vc_row][vc_column][vc_column_text] HRMS is an integrated system providing information that is used by the HR department in various strategic decision making. These days’ majority of the corporates have an HRMS portal. It is an important tool by which any company can keep…

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A Primer to Payroll Taxes

A Primer to Payroll Taxes

[vc_row][vc_column][vc_column_text] Payroll Taxes are taxes that are deducted from an employee’s salary by an employer. Payroll taxes are usually a small percentage that is deducted from an employee’s salary. These taxes are used for various purposes and to cover programs…

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How will automation take over the HR Industry?

How will automation take over the HR Industry?

[vc_row][vc_column][vc_column_text]In this age of automation, every aspect of the corporate world is getting affected, and so is the function of HR. AI is being used to automate HR services, and it is creating positive effects on the HR industry. Though it is not going to replace humans, still let us consider some of the major effects of AI on the industry. One positive side effect is that it is ensuring the best payroll…

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Taxation in 2020 – All That You Need to Know

Taxation in 2020 – All That You Need to Know

[vc_row][vc_column][vc_column_text]Tax is an essential exercise in any nation. The wealth collected from taxation is used in activities that enhance the interests of a nation such as defense, social welfare programs, infrastructure, and so on. India is no exception to this rule, with the income tax department having been formed in the year 1860. Taxation applies to almost all walks of life, including corporate India. Organizations have a different set of…

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AI and the Future of Hiring

AI and the Future of Hiring

[vc_row][vc_column][vc_column_text]Artificial intelligence becoming an integral part of the world’s marketplace and, indeed, day to day life as well. Businesses have taken to adopting AI in most of their processes to streamline them and focus on other areas for improvement. Cognilytica’s Global AI Adoption Trends and Forecast for 2020 throw up some interesting findings in this regard. The findings show that 40% of respondents would be implementing AI in their organizations…

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How to do effective payroll management in startups?

How to do effective payroll management in startups?

[vc_row][vc_column][vc_column_text]In the present day system, startups are an essential part and parcel of the economic system, and eventually, Payroll has a vital role to play. There is a lot of Payroll Outsourcing Companies in India, and startups generally look towards these companies for an effective payroll management system. As the employee count grows, it becomes more critical for the startups for a sound payroll system. Let us see in detail how an effective…

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Reducing your Workload with Third-Party Compliance Management

Reducing your Workload with Third-Party Compliance Management

[vc_row][vc_column][vc_column_text]Compliance Management Compliance Management refers to managerial practices where all dealings and activities are monitored carefully by companies and organizations. This is done to ensure that they meet a set of requirements, codes, or standards. Failure to meet those imposed standards is called compliance failure. Compliance failure can result in severe damage to the company’s goodwill and reputation. Compliance failure in certain severe cases can result in penalties and even…

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Payroll Strategies for the Year Ahead

Payroll Strategies for the Year Ahead

[vc_row][vc_column][vc_column_text]According to the Willis Towers Watson Survey that conducted in 2019, salaries in India are projected to rise by 10% in the year 2020, and sectors like manufacturing, chemical, tech, and pharma are expecting salary increases by 10%. Sectors such as energy, financial services, and consumer products will see the highest year-on-year growth. Given that various sectors are primed for growth in the year ahead, the market becomes extremely competitive…

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