The present day legal climate is one of uncertainty and confusion. In most cases, a law comes to light only after its contravention, resulting in severe penalties. Compliance Management is a must in keeping you away from the long arm of the law! Here is a quick compilation of the various Statutory Compliances In HR The Apprentices Act, 1961 The Contract Labour (Regulation & Abolition) Act, 1970 The Child Labour (Prohibition…

This is a series of blog posts that will address the most important points related to managing payroll.  The third in this series will focus on “Some intricacies of building a payroll system” – Points to consider” Some intricacies of building a payroll system 46. The basic function of the payroll office is to provide and promote payroll services which meet the needs of staff of any organization. 47. The…

Campus To Corporate from TalentPro provides the transition from being a student to becoming a professional. Students gain the confidence to perform a job, yet will be open to learn much on the job. They learn to blend into the new corporate world, yet will be willing to showcase their unique talents that will help them stand out among their peers.  They will be equipped to work effectively on their…

This is a series of blog posts that will address the most important points related to managing payroll. The first in this series will focus on “Selecting Your Payroll Vendor – Top 20 Points To Consider” As you all know, payroll is an essential part of an organisation irrespective of its size. While large organisations hire their personnel and make use of their systems and software to meet their payroll…

‘Payroll’ constitutes complete records of all financial entities like salaries, wages, bonuses, tax components, and retirement benefits. Payroll has two stages, Payroll Accounting and Payroll Administration. Accounting involves computing all the salary components and Administration is managing the process. There are monthly payroll cycles which dispense the monthly salaries and payouts. The yearly payroll cycle deals with annual increments and bonuses. Large scale companies choose to maintain their payroll department…

This is a series of blog posts that will address the most important points related to managing payroll. The third in this series will focus on “Understanding technology trends vis-à-vis Payroll” Understanding Technology trends vis-à-vis Payroll. 76. More than ever, it’s essential for payroll professionals to stay current and understand trends in technology that can impact payroll and the business overall. 77. The evolution of systems will make the execution…