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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HR and Banking Industry in 2024

HR and Banking Industry in 2024

Effective human resource management is crucial for any organization dealing with people, and this holds for the banking industry, which has always been and will always be a “People Business.” The nature of the banking industry, primarily service-based, amplifies the…

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Labour Law Compliance Checklist 2024

Labour Law Compliance Checklist 2024

The Labour Law Compliance Checklist is designed to be a short, practical guide on how to comply with the law. It can be used by individuals and organizations alike, whether they are small businesses or large multinational companies. The checklist…

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What is Contingent Staffing? Essentials and Examples

What is Contingent staffing? Contingent staffing refers to the practice of hiring temporary workers or contract employees on an as-needed basis, rather than employing them full-time as permanent workers. Contingent workers and contractors are essentially the same; both are brought in to fulfil specific roles or complete projects for a predetermined period, without the long-term commitment of traditional employment. In the modern workplace, contingent labour has gained importance due to…

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Step-by-Step guide to Payroll Processing 2024

Step-by-Step guide to payroll processing 2024

What is payroll processing? Payroll processing encompasses the complete sequence of steps necessary to calculate each employee’s total remuneration. This process typically includes three to four stages and involves tasks such as defining salary structures, gathering employee data, accounting for components like deductions and allowances, and setting up necessary policies related to taxes and other adjustments. Beyond disbursing salaries, payroll processing also involves filing, reporting, and providing payslips to employees,…

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what is vendor compliance?

What is Vendor compliance?

Vendor compliance refers to the adherence of a supplier or vendor to the terms, conditions, and standards set forth by a buying organization. Essentially, it’s about ensuring that the products or services provided by a vendor meet the specified requirements, such as quality standards, delivery timelines, and any other contractual obligations. This helps maintain consistency, reliability, and efficiency in the supply chain. Non-compliance can lead to various issues, including delays,…

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Temporary staffing agencies/companies

Reasons why companies should partner with a top temporary staffing agency for recruitment success

Your organization is embarking on a critical project with a tight deadline, but the internal team is already operating at full capacity. Compounding this challenge, one team member needs to take parental leave, and another has pursued an opportunity at another organization. In such situations, utilizing temporary hiring can fill the gaps by bringing in specialized skills and expertise, ensuring the project’s successful completion while maintaining the well-being of permanent…

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Shop and Establishment Act Compliance Checklist 2024

Ensuring Compliance: A Comprehensive Guide for Businesses Under the Shops Act in India In the realm of business operations in India, compliance stands as a cornerstone, signifying adherence to legal regulations and norms. Each statute, including the Shops Act, delineates a set of compliance requirements, encompassing tasks such as filing returns, submitting applications, and fulfilling financial obligations. For enterprises holding a Shops Act license, strict adherence to these compliance measures is imperative to navigate…

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All you need to know about employee compensation policy.

All you need to know about employee compensation policy

Employee compensation policy refers to the structured framework a company implements to determine how it remunerates its employees for their work. It encompasses various components, including salaries, wages, bonuses, benefits, and incentives. Crafting an effective compensation policy is crucial for attracting and retaining top talent, motivating employees, and ensuring fairness and equity within the organization. Employee compensation encompasses various elements, each vital for enticing and retaining employees: Base Salary: This fixed payment, given regularly, acknowledges an…

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