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.
Core components of payroll processing in India
[vc_row][vc_column][vc_column_text] The monthly salary and wages disbursement have several key components structured together in every payroll. Within and between gross and net salary, there are several ‘components’ that make a salary package. These are essential for the employers and employees to calculate taxes, provident fund (PF), medical expenses, benefits, travel allowance and so on. Framing the salary components is often one of the biggest challenges in every payroll management system.…
Trends In Payroll Processing That Will Change An Organizations’ Working Pattern
One of famous questions that often arises among working class is “What is Payroll?”. Payroll is a very important task of any business and insists an understanding of current regulations, detailed tax knowledge to ensure proper withholding and filing, and a highly organized system that can be relied upon to pay each employee the right amount of money. From a humble ledger book accounts; cash salary payments to e-transfers and…
Need and Importance Of Statutory Compliance
At the cusp of industry 4.0, businesses are often at the crossroads of digitization, change management and automation initiatives. Enterprises of all sizes are expanding their business territory thereby creating challenging supply chain networks. Along with this growth, statutory compliance and regulations are increasing exponentially. These days, enterprises hold collective responsibility for their vendors, suppliers, customers and partners. Therefore, there is an impending need for monitoring the statutory compliance services.…
What is staffing and the Facts about Staffing Solutions You Should Know
Staffing comprises of choosing the appropriate person for the appropriate job, training, and on-boarding while offering appropriate remuneration, performance appraisals, promotions, and transfer to employees. If you’re contemplating to outsource sourcing and recruitment activity to any of the Staffing Services providers in India then it’s wiser to lean about the facts pertaining to staffing solutions. Temp Staffing agencies have had a bad name in the industry but not all staffing…
Payroll and its components
An inevitable aspect of HR, which often gets overlooked, or worse, tossed over is the payroll. Perhaps one of the most important details that fall under the job of an HR professional and/or their employee is the payroll, but unfortunately, there is a lot of blank gaps with respect to how the salary structures and what not should be drafted. Payroll outsourcing in India is one of the HR processes…
Across the Globe, Future of Employee Payroll in Cryptocurrencies
Evolution of Cryptocurrency Handling of money, often one of the most anxiety inducing jobs, has taken an even larger toll since the introduction of crypto currency. It has led to sleepless nights and aimless days of calculating and processing the sudden gain and abrupt loss of this exciting concept of virtual money. Someone would call the whole occurrence as a product of over indulging in online gambles, but it is…
