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.

CSR Compliance – What you should know about CSR Rules & Non-Compliance?

What is CSR (Corporate Social Responsibility)? Any industry or business changes environments, societies, or communities. They provide livelihoods, raise living standards, and contribute to the GDP of a nation. Corporate Social Responsibility (CSR) is an initiative or a model where organizations become socially accountable. These are initiatives focused on improving the state of society. CSR benefits businesses by building their brand. It also projects the message that they engage in worthy causes and make a difference in society. Most of these...

An Outsourcing Guide for Startups

Why outsourcing is Important? HR is the backbone of any organization. It lends structure and support and manages an organization’s most valuable asset: the people. But there are instances where specific vital processes can be and are outsourced. For instance, startups may look to outsource certain key processes due to cost-cutting and the time and effort needed to complete them. In scenarios like these, organizations may choose to outsource key processes. HR outsourcing is the act of delegating certain key HR...

10 Important Compliance Issues that an HR Must be Aware Of

HR is a very strategic department in any organization. Legal compliance has a considerable role to play in the functioning of HR. Every HR professional must be aware of the legal modules under which he has to function. Violating Legal compliance may attract punishment for the organization from the government. As one goes up the ladder in the HR profession, knowledge about legal compliance becomes very necessary. Let’s say that you are drafting a leave policy for a company, but fail...

CLRA Compliance- Its Role in Fair Business

CLRA Compliance: CLRA compliance stands for the Contract Labour Regulation and Abolition act. It was passed in 1970 to raise the standard of working conditions and prevent exploitation of employees. The CLRA Act applies to establishments or organizations that employ twenty or more people. These people must be employed on any day of the last twelve months as paid workers or employees. The act concerns the principal employer of the organization and to the employer who employs or employs 20 or more people,...

IT Staffing- IT is our strength

IT STAFFING: IT is a highly competitive field and even large organizations must play catch-up at times. Technology is a major component in a business’ success and there will always be a need for a skilled workforce. In cases like these outsourcing IT staffing is the way to go. How IT staffing is usually carried out: IT staffing is a process outsourced by companies to hire the best talent. IT staffing companies or agencies are concerns that recruit talent based on...

Automated Performance Management System – A Must for Businesses

A good Automated performance management system is very must for any business to grow and succeed. In today’s world, businesses are fast-paced and move quickly with their strategies and goals. The performance system being followed in a company should be agile enough to adapt quickly to the changing business priorities and should be able to provide employees with a clear understanding of how they can support the corporate vision through their work and individual goals. Goal alignment is a...

How Recruitment Agencies Help You Avoid Bad Hires

For any company, recruitment is a primary strategic function. HR managers often take a chance whenever they recruit a new person. Even if a new recruit is hired based on his excellent candidature, he may not turn out to be the right candidate. Sometimes People unexpectedly turn out into bad hires after they sign on the dotted lines. Manpower recruitment agencies help you to avoid bad hires by virtue of their professional insight and the desired skills that they possess....

Payroll Compliance – An Ultimate Guide

Payroll Compliance is defined as the set of processes that go into the generation of payroll and other related procedures. It is the effective calculation and distribution of funds and following of related compliances. It is a must for all businesses. It ensures that all employees are treated and compensated fairly by management. Company’s managers and concerns that deal with payroll must be proficient in related laws and regulations. To understand payroll compliance, we must first understand the aspect of...

Strategic Staffing Solutions- A Key to Your Talent Needs

Many companies choose to outsource certain administrative or HR aspects. It is a practice that gained value owing to a highly competitive industry. Many companies make use of the processes of manpower recruitment outsourcing to carry out those specialized tasks. One of the most critical processes in the recruitment process outsourcing. Companies choose to delegate the staffing solutions to third parties or vendors through the process called manpower recruitment through manpower recruitment agencies and services. Staffing Services/ Agencies: Staffing services...

Payroll Outsourcing Leads To Better Tax Reporting

Payroll outsourcing is the order of the day with the corporates. Outsourcing payroll leads to various kinds of benefits for the companies. Saving cost and time are the prime reasons for outsourcing. Also, outsourcing payroll services leads to numerous tax benefits. Given the complexities of India’s tax system, employers with global employee populations may choose to outsource the process to gain the advantage of third party expertise. Certain tax-free allowances are allowed to employees such as rent, transport, medical, meals,...

Corporate Governance – Its Role in Effective Business

The Need for Corporate Governance: Corporate governance exists as a framework for the workings of an organization. One of the main ways that corporate governance helps organizations is that it takes care of conflicts of interests within an organization and aligns everyone’s goals and interests to work for the betterment of the organization. It also clearly states the rights and responsibilities of those involved in the day to day workings of the organization. Elements of Corporate Governance: The major elements...

Compliance Audit - A Must for Businesses

Compliance Audit – A Must for Businesses

What are Audits and Compliance? Compliance refers to a company’s conforming to a set of rules, regulations, and standards. They are usually set forth by one or more governing bodies. This is to ensure fair business practices and transparency. There are benefits like avoiding legal or criminal charges, higher productivity, and better public perception. Many companies have taken to adopting compliance as a growth strategy as well. In order to check a company’s compliance, a compliance audit is undertaken. Types of...

Top 10 Benefits of Employee Self-Service Portal (ESS)

Top 10 Benefits of Employee Self-Service Portal (ESS)

Top 10 Benefits of Employee Self-Service Portal (ESS) What are ESS Portals? HR managers face a lot of challenges in a constantly evolving job market. Adapting to innovation, dealing with a large workforce, and managing expenses and records are some examples. In instances like these, employee self-services exist to reduce the burden on companies and managers. Employee self-service software or employee self-service portal programs are software that allows employees to access their HR information. Employees are given profiles and login credentials....

Top 7 Manpower Recruitment Mistakes and How to Avoid Them

Top 7 Manpower Recruitment Mistakes and How to Avoid Them

There is no guaranteed process for a flawless staffing process. Only if you have proper knowledge of the usual faults that occur, then you can have a chance to avoid them. Manpower Recruitment is a very strategic part of any business, and hence, it should be taken in the process to make it free of errors and get the best possible candidates. Let us look at some of the common mistakes that happen in the Manpower recruitment processes. Inaccurate job description Describing...

Contract Staffing – Its benefits to employers

Contract Staffing – Its benefits to employers

Contract Staffing is an excellent opportunity, and employees learn a lot on the job, but the misconception creates a feeling of insecurity in the minds of the employees. The following are the major types of Contractual Employment: 1)    Part Time Contract 2)    Fixed Term Contract 3)    Agency Staff 4)    Consultation on Freelancing 5)    Zero Hour Contract 6)    Voluntary Employment Benefits of Contract Staffing Services Contractual staffing offers plenty of benefits to both employers and employees. Let us have a look at some of the opportunities that contractual...

Banking’s Hidden Hero – Back Office Outsourcing

The banking industry is the sector of the economy focused on holding onto and generating wealth with customers’ assets and regulating those activities with government agencies. It is a highly competitive, volatile field and has undergone various metamorphoses to be the field that it is today. Let's look at how bank office outsourcing helps the banking sectors. According to the Banker’s Top 1000 Banks ranking for 2018, the total assets of these banks were worth USD 124 trillion and had...

How IT Staffing Companies Helps the Banking Industry

How IT Staffing Companies Helps the Banking Industry

Why do Banks Outsource Staffing? The banking sector focuses on holding and investing assets to create more wealth and regulate those activities by government agencies. Today it has evolved into a highly competitive industry that has to adapt to a constantly changing market and cater to clients more effectively. There has been a higher demand by the banking industry for better systems and software to handle their workload as well as a demand for individuals that are competent or proficient...

The Role of Staffing Agencies on Small Business Enterprises

Staffing Companies are now an essential part of the recruiting process, especially for small business enterprises. By taking the help of the staffing agencies, small businesses are able to keep constant needs on their staffing needs and also cut operational costs. Let us see some of the advantages being derived by small enterprises as they involve the staffing companies for their manpower needs. 1)    Employees with Specific Talents: Staffing services offered by the staffing agencies in India are a boon...

Resume Fraud – It’s a Criminal Offence

In simple term resume, fraud means discrepancies in the resume of a job seeking candidate, where the information is given are forged purposely with the sole aim of achieving the said job. It is the manipulation of data or can be a complete falsification of the information. Cases of Resume fraud has been reported not only in the junior and middle level but also in the senior levels as well. The corporates these days are taking the help of...

Recruitment Process Outsourcing – RPO Services

What is Recruitment Process Outsourcing? Recruitment Process Outsourcing (RPO), is a business process where a company outsources the recruitment function to the third party recruitment agencies. Recruitment is one of the HR department’s key functions that is initiated and overseen by the management of an organization. It is the process of searching and hiring the most competent candidate from within or outside an organization for a position, in a timely and economical manner. The process includes the analysis of a...

How to Choose the Right Staffing Service for Your Business

Staffing as a practice is essential to most organizations and is usually carried out by management. Staffing in management refers to the method of selecting qualified and eligible applicants in an organization or firm for relevant positions and roles. It also involves recruiting qualified candidates after evaluating their knowledge, skills, and attitudes. It is an integral function in any organization as it directly ties into the output achieved by an organization. There are different types of staffing involves permanent...

Payroll Migration – A Step-by-Step Guide

Payroll traditionally referred to the total amount to be paid to workers or employees during a specific time period. Today the definition includes the list of employees to be paid within a specific time period, the amount to be paid to those employees and other details pertaining to the employee including their designation, department, salaries, bonuses, incentives, and leaves. Managing the payment of wages within an organization to its employees is called Payroll Processing. Traditionally, organizations handled the Payroll in-house....

Compliance Failure – A Big Mistake

Be it a play school, college, or a business; there are rules and regulations. The other word is compliances. As a parent, student, entrepreneur, or an organisation, the essential term or condition is that you need to comply with compliances. There are compliance requirements for companies in India that are not negotiable. Failure to comply is the biggest mistake anyone makes, and by not adhering to the law of the land, you are taking a huge compliance risk. TalentPro...

Why attendance and leave management tracking system are crucial for Small & Medium business?

Most of the small businesses work on the belief that initial work is important, and once due revenue pours in, everyone will be rewarded. Sometimes the employees need to put in arduous labor, and they will be exhausted, if not their lives are made more comfortable. Taking care of the employee’s attendance and leave management tracking system is very important and certainly a very major step in this direction. Attendance systems based on paper time cards, registers, buddy punching,...

Importance of Human Resource Management in the Healthcare Sector

In recent times, the renewed importance of Human Resource Management is being felt in the healthcare sector. To enhance collaboration and to enrich organizational culture, it is very important to focus on legal and ethical issues, safety and welfare of employees and motivation and support activities. Healthcare Sector is a place wherein you may come across increased diversity of cultural backgrounds of both patients and employees. A strong Human Resource department is needed to pay closer attention to the...

Blog - Labor Related Statutory Compliance in HR

Labor-Related Statutory Compliance In HR

The labor laws change on a widespread basis in India, and it is essential to keep abreast of the latest changes that are happening. Labor Law compliance is a crucial thing to carry out business successfully. For businesses to operate successfully in India, it is essential that the companies must avoid compliance risk and follow the statutory compliance checklist. Statutory compliance outsourcing helps you to ensure compliance without having to maintain a separate unit for the same. It is very vital for every...

TalentPro India Blog - Payroll Vendor

Switching Your Payroll Vendor – A Quick Checklist

In business, a change can always happen. Anytime a change happens, you may feel the effect and it is all but natural also. Switching payroll vendor is no exception. Payroll process should be error-free and always compliant with the norms of the government. This is one of the major reasons why businesses opt for Payroll outsourcing Services and focus better on their growth. However, getting the thing wrong can result in an administrative nightmare or worse – hence you may follow...

TalentPro India Blog - Statutory Compliance for Pharma Industry

Drug Makers’ Laws – Statutory Compliances For Pharmaceuticals

Being a chemical-based, life science and life-saving industry, the pharma industry is regulated and monitored strictly by many rules and compliances. Statutory compliances for pharma companies is compulsory and non-negotiable. Compliance laws for pharma companies are quite stringent and Indian pharma regulations violations are viewed very seriously. TalentPro’s statutory compliances solutions are your insurance against any problems arising out of non-complianceIndia’s pharmaceutical manufacturing journey started even before we attained our independence. Bengal Chemical and Pharmaceutical Works Limited, later renamed as BCPL,...

TalentPro India Blog - Data Analytics

Big Tax Data Analytics – Tax Planning & Compliance

Rules and regulations keep changing. For example, labour laws or taxation are critical areas which are subject to changes depending on the political and governance situation. It is quite an effort to be abreast of the changes in compliances and rush to incorporate the changes or alterations. Understanding previous rules and their amendments pile on the additional workload on small business.The tax has been a relatively late adopter of analytics. However, nowadays tax integrates technology enabled; group-wide tax processes, and feeds...

Blog - HR Challenges in Automobile Industry

Automobile Industry: Critical HR Challenges

Indian Automobile Industry has grown well over the years. With the rise in income of general citizens, there has been a strong demand from across the board. However, with growth, there come challenges. The recent spate of product recalls it has shaken the confidence of the industry somewhere or the other. The problems and difficulties associated with the Automobile industry have a human dimension too.Automobile industries need effective HR management to build and maintain teams.  The Human Resources (HR) department manages all...

TalentPro Blog - HR Challenges in the Manufacturing Industry

10 CHALLENGES FOR HR IN THE MANUFACTURING INDUSTRY

After agriculture, manufacturing is the key employer for low skilled and semi-skilled workers in India. The manufacturing sector in India contributes majorly in uplifting rural areas through industrialization. Manufacturing sector empowers the country in reducing regional imbalances by ensuring equitable distribution of national income and wealth. HR is a very critical factor in the business development for any sector. To enhance overall performance in the manufacturing sector, there is a need to improve competitiveness via better human resource management....

TalentPro Blog - HR in OLA, Uber & Taxi Firms

How do Human Resources work in Uber, Ola, and other Taxi firms?

Uber and Ola are online transportation network companies. Both these companies operate on a pan India basis, having a network in every major city in India. These companies develop markets and manage the Uber Mobile App, which allows the customer with a smartphone, to submit a trip request, which is then routed to Uber drivers, who use their cars. Fares are calculated according to a formula. Uber and Ola have a minority share in the bills, and the drivers...

Payroll Solutions

10 Exciting New Tax And GST Offers In The New Financial Year

As we enter new Financial Year 2019-20, let’s have a look at the various changes under the Income-tax law and GST which shall be applicable from April 1, 2019.Income tax1. Section 87A rebateThe amount of tax rebate has been increased from Rs. 2,500 to Rs. 12,500. It is applicable for income not exceeding Rs. 5, 00,000.2. E-deduction from salaryThe limit of standard deduction has been increased from Rs. 40,000 to Rs. 50,000.3. No deemed rental income on having two...

TalentPro Blog - Financial Year End

Top 15 Crucial Things Every Businessperson Should Complete Before The Financial Year End

In India, the financial year is from 1st of April to 31st of March every year. By the 31st of March, all the financial obligations like tax filing, returns, should be fulfilled. It is essential for those who are required to follow the mercantile system, to ascertain the transactions accrued up to 31st of March and to accurately record the same in the books of account. Employee payroll and abiding the legal compliance are even more critical in the fiscal year-end.Here is a...

Provident Fund – Supreme Court Latest Judgement – The Real Story

The Supreme Court has recently passed a landmark judgement on the Employee Provident Fund (EPF). This 'Test of Universality' judgement is bound to affect and impact the salaried class.Before we get into understanding how the Supreme Court judgement impacts the salaried class, here is a quick run through about Salary Break Up and Provident Fund.Salary Break UpAn Employee's salary is distributed under different heads. This is done to facilitate the maximum Income Tax benefit for the employee. Following are...

Things that Motivate Employees More than Wages & Attractive Salaries – What Matters?

Money is not be all and end allMoney is undoubtedly a huge factor in motivation but certainly can’t buy an employee’s loyalty towards his organization. If we are completely honest with ourselves, pay can only motivate us so much. Even if we earn a good salary figure but are working to the point of exhaustion in some dilapidated office, working with unfriendly and in professional people, and working with a boss who is unsupportive and doesn’t appreciate, I am...

Payroll – Finance or HR – Whose job is it?

Payroll is the statement of salary payments to be made to employees of a company. It is a routine but one of the essential activities in an organisation, and if there is no Payroll, there is no salary. Many employed people may have experienced and know what it is like when the monthly salary is delayed. It is not at all a pleasant feeling.Payroll means money, but it is money to be paid to employees. It is not payments...

5 Key trends that are Transforming the IT staffing industry

New trends in the IT staffing industry are not a new thing. We find that every year new processes, tools and methodologies that are taking the IT staffing industry by storm. To stay relevant in this fiercer industry, you must be familiar with the present trends and implement those latest technologies and changes. If you fail to move with time, you may lose out in the ultimate race and may even be out of the market quickly. The IT...

Human Resource Management System (HRMS) – A Real X Factor

What Is HRMS?HRMS is a comprehensive IT-based tool that can effectively and efficiently manage all your Human Resource (HR) needs. An HRMS can handle all activities under Employee Recruitment, Employee Management, and Employee Development. This means that an HRMS can bring under its umbrella all the levels of employees like topmost employees, senior employees, mid-level employees, junior employees, non-executive cadre, full-time employees, part-time employees, contract staff, etc. As per market information, it is reported that over the years, many companies...

Labour Law Compliance Checklist 2019

Labour Law compliance is nothing but a set of standard terms or conditions of employment. It may refer to several regulatory compliances including minimum wages act, work men’s compensation act, contract labor act, factories act, etc. For carrying out business, companies are required to meet statutory compliance requirements. There are various laws and acts that a business needs to follow. Failure to comply with the regulations may lead to punitive action from the concerned authorities. There are central laws,...

Why Statutory Compliance Outsourcing is important for small businesses in India?

Manufacturing Organisations Service Organisations Micro scale – businesses whose plant, machinery, equipment, assets etc does not exceed 25 lakh rupees Micro scale – businesses whose plant, machinery, equipment, assets etc does not exceed 10 lakh rupees Small scale – businesses whose plant, machinery, equipment, assets etc does not exceed 5 crore rupees Small scale – businesses whose plant, machinery, equipment,...

Top Corporate Compliance Issues in 2019: How to Keep your Company Safe

Corporate Compliance refers to the various rules, regulations and laws of an area, region or country that a company or business has to follow or comply with. These compliances are a combination of guidelines for a corporate for both; it’s internal and external governance.Corporate Compliance is not only compulsory but also ensures that an organization is protected and safe. It is also very safe to say that non-compliance affects and impacts the internal culture, climate and environment of a...

Costly payroll mistakes that could ruin your business[Infographic]

Payroll is complex, time-consuming and highly detailed. Small business owners may choose to do payroll in-house for cost consumption. Payroll errors can easily damage a small firm.Small and medium businesses are finding it very difficult to manage their payroll function in-house. Many firms have outsourced their payroll functions to external third-party payroll service providers, as this enabled them to focus on their core competenciesCommon Payroll Errors:Late tax payments Tax form errors Submitting wrong payroll tax...

Should you Outsource HR or Keep it In-house – How to Decide?

The Human Resources (HR) department manages all employee related activities like new employee recruitment & Selection, payroll Management, employee management and employee developmentOutsourcing is engaging an external individual, agency or organization to run or manage a particular function or service within a business or organization. Many organizations and businesses have outsourced their secondary or support work to external vendors, as this enabled them to focus on their primary or main area of business.Before we go to the point of ‘how to decide’...

Employee Engagement – Why is it Important?

What is Employee Engagement?Ensuring the employees are happy is a challenge many companies face. Over the years, the Human Resources have put tremendous focus on employee engagement. For any business to succeed, it is essential the employees are happy and productive.Research studies have proved that employee engagement strategy has resulted in positive outcome improving profitability and turnover of a company. With growing evidence suggesting that happy employees result in better profits for companies, it is advisable to ensure that...

Payroll Outsourcing Services for Small Business – Why it is Crucial for Startups?

For the growth of every company, payroll management system. is highly crucial and an important step that sometimes goes forgotten. Read more to understand the importance of payroll management and the relation it has with small businesses.What Exactly Is Payroll?Payroll is based on the concept of paying employees. Basically, any company that has more than one employee will most definitely have a payroll system. The motivation behind every employee is majorly associated with their salaries. Now, an...

Third Party Payroll Outsourcing – Why it is So Important to Consider?

Payroll is complicated, time-consuming and involves a varied range of responsibilities on daily basis. Small and Medium businesses find it very stressful to manage it all by themselves and thus are increasingly preferring a third party payroll service provider. This is owing to the fact that it has been proven effective and easier to handle payroll when signing up with an agency.Third party Payroll outsourcing has several benefits. Here are a few:1.    Saves TimePayroll Processing is time-consuming and...

Payroll Outsourcing Cost – The Benefits of Payroll Services Pricing

Payroll Outsourcing for a business of any size is essential and saves you the hassle, money and time to handle the payroll yourself. Increasing number of businesses today are turning to Payroll service providers to ensure smooth handling of Payroll. With not just giving you a hassle-free experience, outsourcing your Payroll to Talentpro helps a business to focus on its core value of building it and fostering its growth.The several key components of a monthly salary makes it troublesome...

Human Resources in ‘Gig Economy” – Temporary Employment

In a world swarming with over population, it is not surprising that companies and organisations find themselves full of employees. It is an absolute fact that employees form the root of any company, but for the company to grow strongly, the employees should be deeply rooted.The job description of every Human Resource executive mainly revolves around, well, people. How they manage people, how they bring in people, how they retain and sustain and so on. Though it is an...

DATA SECURITY AT WORK PLACE – Safety, Security & Privacy

What is Data Security? How to Keep your Data Safe & SecureThere are millions of security risks everywhere. From every single decision we make, or do not make, we intake and exude an enormous amount of data. It might not seem so hazardous, in fact, very little so. What harm could buying something off the internet be? Or what harm could not logging out for a day or so be? Truly, these unapparent safety concerns barely exist in any...

The Payroll Setup Checklist: Everything You Need to Know to Get Started

What is a Payroll?It’s a list of the employees working for your company and the money you pay to them as salary. Payroll Outsourcing Services actually makes it easier for you to manage the payroll, deal with statutory compliance, and manage taxation.Here’s the essential payroll setup checklist to facilitate a smooth transition:Get the company papers ready: You need to obtain RoC, Electronic Challan cum Return (ECR), Tax Payer Identification Number (TIN), GST etc. as those will be required prior...

Challenges for tech startups in Payroll Processing Services

What are some of the challenges for tech startups in Payroll Processing Services?As easy as it is, to begin a company; there are endless limitations and cons associated with such startups. To start a company altogether randomly, without realizing the implications of certain factors, can definitely be labelled as the mistake of a lifetime. One such limitation that poses as a constant challenge to most startups is, of course, the payroll processing services sector. Many startups tend to look...

Core components of payroll processing in India

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. Every salary consists of ‘taxable’ and ‘tax-exempt’, variable, constant pay, some...

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 auto-debits, the payroll system has come a long way....

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 Statutory Compliance? Statutory compliance simply means the...

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 providers are the same. There are some really efficient...

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 and is being outsourced since 1997. Payroll outsourcing involves an...

Across the Globe, Future of Employee Payroll in Cryptocurrencies

Evolution of CryptocurrencyHandling 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 far more than that.Bitcoin by itself became large and...

How A Payroll Systems Works

When we consider systems, we always think of an application – offline or online. But, that is a narrow way of looking at things. Many systems, such as production systems, train systems etc incorporate a much broader set of activities and structures. In the case of a Payroll System, we are essentially looking at how the activities related to payroll are handled by a computer application. To understand this well, let us move back a bit to understand what payroll...

Why Is Third-Party Compliance Management Important Especially For SMEs?

The Need for ComplianceThe other day I met a Company Secretary who was desperate to delink himself from his current employer and look for a ‘better’ employer. His grouch? In spite of his sincere efforts, his current employer was non-compliant on some counts. The Company Secretary feared that his reputation and employability will be destroyed.In a recent meeting with Chartered Accountants, the PM literally warned them that they would be held responsible for transgressions of the accounts they manage....

Where is HRMS Going in 2017?

The world is changing rapidly. Companies such as Uber is changing the way business is conducted. The latest is Uberisation, a process by which companies have a mixture of employees and external experts or professionals who are hired as consultants. This model is very attractive to companies as the transactional costs are low. Talent is hired based on demand-supply. Intense competition has forced companies to be agile. I yet remember HLC moving an entire team from one country to...

The Influence of Compliance Management for Business Success

India is changing today. The government is introducing GST to ease taxation hassles and make it easy for individuals and business to remit their taxes through a single online portal. Even income tax is being made simpler for e-filing and similar steps.One of the major advantages we foresee is a lesser intrusion from governmental agencies as long as they see that you are compliant on all areas. As far as tax goes, your being compliant will be verified...

How Crucial is Compliance for Startups

India is the base to the world’s third largest startups in terms of numbers. About 3 to 4 startups are born every day. Startups are built on the vision of the owner or owners. You have an experience in life. Think of a solution, an idea, and a startup is born. Many startups are extremely successful. It seems to be a well-accepted fact that startups can bring a new technology or idea to the market faster. They work with...

The Need for Payroll Outsourcing

The most common management mindset in India is to do everything in-house. This is a combination of culture and inexpensive labour. ‘I want a tight grip on my finance, and am certainly not going to get someone else to handle that’, is the most often heard thought process spoken aloud.This process is changing. Competition has intensified, both with Indian counterparts and with the easy entry of foreign entrepreneurs and business houses. Efficiency, productivity, and profitability have become more...

How to choose the best Time & Attendance software for your business?

The modern workplace is changing at a dramatic pace. Young workers today are no longer ready to accept the 10-5 jobs. They want flexibility in the work hours and ready to work hard to complete their tasks. In addition, many of the modern workforce are looking at the Work From Home concept. After all, what can be done with a computer and an Internet connection, can be done from anywhere. If I have to write a detailed report or...

How Crucial Is Your HR Supplier’s Strategic Growth Plan?

More and more services providers are outsourcing their staffing solutions, regardless of the nature of their services or the number of employees their operations involve. Staffing is an operation that demands picture perfect execution. You have to be on your feet to appoint the right person to do the right job at the right time. Naturally, this asks for a lot of time as well as manpower. This is where staffing outsourcing makes all the difference.Every organisation spends...

5 Reasons why TalentPro should be your Staffing Solutions provider

More and more services providers are outsourcing their staffing solutions, regardless of the nature of their services or the number of employees their operations involve. Staffing is an operation that demands picture perfect execution. You have to be on your feet to appoint the right person to do the right job at the right time. Naturally, this asks for a lot of time as well as manpower. This is where staffing outsourcing makes all the difference.Why outsource your...

5 Important Reasons to Outsource Your Payroll Processing

Payroll Processing is one of the key factors in a business. The ever changing aspect of modern business today has given rise to the specialized payroll outsourcing companies that take the responsibility away from the businesses, to make sure that they can focus solely on activities that will help them grow.Reasons to outsource your Payroll Processing:Increased ProductivityIrrespective of the number of employees that a company has, payroll processing and other payroll related activities demand a lot of time...

Understanding Labor Law Compliance in India [Infographic]

  Understanding the basics of Labor Laws Compliance is not just important - it is essential knowledge for companies to avoid risking legal liabilities. Regardless of big or small enterprise, timely and proactive compliance with Labor Laws is critical. Monitoring potential impacts and conforming to mandatory changes is an increasingly difficult task. TalentPro’s expertise in Compliance management will help you in mitigating the complexities of Labor Laws and avoiding the high costs of non-compliance. Let’s take a look at the basics of...

Challenges Facing HR Executives [Report]

Challenges Facing report is based on a survey of Human Resource Professionals by Society of Human Resource on their views of challenges they feel will affect the workplace in the coming years.Compared with the responses, HR Professionals are more concerned with developing future leaders and remaining competitive in the talent marketplace, whereas they are less concerned with finding employees in global markets and breaking down cultural barriers to create a truly global organization.Curated and Designed by TalentPro. TalentPro is a...

Global Agency Work Industry in 2011 [Report]

Download the detailed report on “Global Agency Work Industry” in 2011.Global agency work industry continued to recover and started seeing a positive growth throughout 2011 & 2012 after the slump in the economy which started in US in 2007 and gradually the growth spread across other countries in the world according to the Ciett economic report 2013 on the Global Agency Work Industry in 2011. The upward growth in agency work industry was witnessed in other major countries as...

India has the potential to become the largest staffing industry in the world

Global Staffing Industry has estimated India as the one of largest markets and also says that the country has the potential to become the largest staffing industry in the world given the support from Indian govt. in ratifying certain labor laws or regulations and with the demographic edge that the country has over China in the long run. Global experience in the staffing industry emphasizes on flexi staffing which provides flexible solutions and is advantageous to both employee and...

Indian Staffing Federation (ISF) requests Indian Govt. for Confirmation of ILO Convention 181

Indian Staffing Federation (ISF), which is a highest body of staffing companies in India (Its main aim is the growth of Indian Staffing Industry) and CIETT, International Confederation of Employment agencies has urged the government of India to adopt a regulatory framework and to reform the labor laws system to align it with the unique ‘tripartite’ feature of the flexi staffing industry through International Labor Organization (ILO) Convention 181. Both the bodies hence emphasized on the ratification of ILO...

Global Temporary Staffing Industry Size and Agency Revenue [Infographic]

The International Staffing Industry has been growing considerably over the last few years. The 2012 economic report by CIETT (International Confederation of Private Employment Agencies) which was prepared based on data from 43 countries says that the global staffing industry size has reached 10.4 million at the end of 2010. The report omits data from some countries where temp staffing is not legally recognized, the ones who don’t share the data and the countries for which the data was...

State Of Flexi Staffing Industry in India [Infographic]

Temporary Staffing or Contract Staffing is a process where companies hire professionals as per the requirements, for a particular period. Flexi staffing is often called “contract staffing,” “temping” or “temporary staffing.”A recent report by Indian Staffing Federation (ISF) on “Indian Staffing industry 2012” which involved research on Indian Flexi staffing Industry’s size, types and demographics have the following significant outcomes:India is among the top 5 nations in terms of flexi worker base.India’s Flexi workforce is...

Embracing Human Resource Outsourcing

Outsourcing of HR administration is no more considered only by Fortune 100 global firms. It is now open even to the midsize organization and is being fast embraced by them. Today many HR specialists like TalentPro are catering to mid-size companies with 5,000-10,000 employees as the benefits of outsourcing become more evident, as more and more organization is outsourcing all or part of their HR functions.Why should one think of outsourcing HR functions?The top of the line thoughts in...

Benefits of Outsourcing Payroll to a Third Party Payroll Provider

Payroll processing is a task that is complicated and consumes much time, especially for a small business wherein there isn't any dedicated person recruited to manage the organization’s payroll. Large companies may have multiple people dedicated to taking care of payroll processing, but small to medium-size companies may find it more efficient and cost-effective to use an outside payroll processing company.The following are some of the essential benefits that an organization can get if their payroll is...

Five Steps to Finding Seasonal Employees

As every holiday surges closer, are you’re going through those sudden doses of stress and reward? Amidst all the excitement and tiring hours at retail stalls, the next significant stress element is to worry about the staff and to have enough of them.A knowledgeable and well-trained work fleet will keep your workflow smooth and steady even during a swell, and of course, beat your competition at it. To find the right staff, you shouldn’t be hitting the road just...

Payroll Processing Technologies from TalentPro

Payroll processing technologies from TalentPro have always been well ahead of times. Their design and delivery empower managers, payroll administrators and employees to accomplish more on a daily basis.Payroll processing is a simple process of calculating the net salary from the gross income and deductibles. This gets complicated when it involves many thousands of records.Payroll processing steps in to automate the process. While a few small organizations prefer to stick to the old methods they have to contend with...

Payroll 101: Things You Must Know – 2

Payroll 101: Things You Must Know (Blog Post 1 # 4)This is a series of blog posts that will address the most important points related to managing payroll.  The second in this series will focus on "Understanding Payroll Management in India – Points to consider" The last 20 points from the law post.Understanding Payroll Management in India 21. Government agencies require you to adhere to certain specific payroll responsibilities. These can be central or state agencies.  Some of these responsibilities can...

Statutory Compliances in HR – A Detailed List

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 HRThe Apprentices Act, 1961The Contract Labour (Regulation & Abolition) Act, 1970The Child Labour (Prohibition & Regulation Act), 1986The Industrial Disputes Act, 1946The Minimum Wages Act, 1948The Payment...

Payroll 101: Things You Must Know – 3

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 system46. 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 payroll department is an organization's shop window and failing to recognize the...

Campus To Corporate (C2C)

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 own, yet wholeheartedly will contribute as team members. These are...

Payroll 101: Things You Must Know – 1

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 requirements, it may not be feasible for small sized...

How to Manage Payroll Processing In an Organization

‘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 as they can afford to hire highly skilled professionals. They adopt advanced computerized, payroll accounting software. This accounting software...

Payroll 101: Things You Must Know – 4

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 of day-to-day payroll tasks easier while raising expectations on the amount...

The Art of Social Recruiting

Recruitment as a business proposition is quite an old process and has many best practices that are relevant to India, but social recruiting is relatively a new twist to the things on the ground. While social hiring too is all about building relationships, it can be a challenge if recruiters are not technology-savvy.Recruiters must be smart enough to involve both the left and right brain. Because it is not just about human beings and their selection, it is also about technology and the choices...

Is Your Resume Classy or Crass?

Have you ever noticed this? All men want their wives to look homely and unnoticeable, but choose arm-candy to be fluffy and noticeable. While wives are expected to be elegant, clean and straightforward, it is okay for arm-candy to be loud and glorious-looking. Because one is for the long-term and another is open to passing hands without evoking any great pain pangs from you. So it is all about presentation and formatting!If your resume is trying to stand out...

10 Tips for Attracting Employees

Everybody knows the importance of choosing the right employees. For most organizations, human capital is the most critical investment. Without harping too much on the importance of attracting employees, let's get down to the brass tacks of building a recruitment policy that’ll help you attract and retain employees.Stay tuned to the following:The decision to hire is just the beginning of a process. Not an end.  Start the process of getting the right employees by sticking to...

TalentPro: Providing the best

TalentPro, India is a pioneer HR Services company. Since our establishment in 2000, we have been successful in providing HR business solutions that include:Payroll Services  Staffing Solutions  Compliance  Search selections (Recruitment)

Metamorphosis – The HR Summit

With a growth rate of around 8% GDP year after year, India is pacing ahead to be a super power on its own. This growth has been fuelled by the emerging service sectors which has changed the Global Outlook towards India. As the Indian economy looks to grow further in the coming decades, new jobs and roles are getting created with increasing complexities and requiring specific skill sets.The existing educational system is orthodo…x in its approach and is unable...

Temping For the Needy

Year after year, India churns out a large number of graduates and post-graduates with little or no job skills, and the employability of these candidates poses a major human resource challenge. Add to this, the issue of having a large percentage of the population that does not go beyond regular schooling, and what we have here is an explosive situation where there is a lot of formal education, there is little to spurn our potential work force...

TalentPro Gears Up To Expand Presence in Payroll Services

HR outsourcing company, TalentPro, is gearing up to tap the opportunities in the payroll services space, particularly in tier II and III cities.The company, according to Mr. P. S. Srikumar, Vice-President (Sales and Marketing), has invested heavily in payroll services, processing over 65,000 records every month.“There is a huge opportunity in payroll processing as less than 7 percent of the workforce is in the organized sector. With SMEs looking at opportunities in the export market and with compliance — be its...

People management – A vital need

It’s vital for HR today to exercise caution to keep errors that occur in people management can at bay. We highlight a few goof-ups and ways to deal with themMore hires, less timeAccording to P S Srikumar, VP, TalentPro India, very often, HR managers recruit under stress. A department in dire need of people puts undue pressure on the recruitment division and many times, this results in a hiring mistake, as under such circumstances, the aspirations of the candidate...

Customise HR for young India or lose talent

With an increasingly young work force driving corporate India, especially people-centric service industries which account for half of the country’s GDP, HR practices will have to be re-engineered to meet the aspirations of individual employees, noted speakers at Metamorphosis, an HR Summit hosted at the Tata Institute of Social Sciences (TISS).Speaking on people challenges in start ups and scaling enterprises, Mr Pankaj Bhargav, CEO, HRMantra Software, underlined the need to keep every employee aligned to the vision. “The younger...

In-house Payroll versus Outsourced Payroll Services

We all have this great fad for comparing things. The more we examine, the better we are supposed to be at our analytical skills, exercised with oh-I-am-out-of-the-world-attitude. Moreover, you also have a boss who always wears his holier than thou attitude, because he believes only in facts, numbers, and charts. Also, he is armed with the magic wand of your next appraisal. So when your organization asks you to give your opinion on the best course to take on...

Outsource Payroll and Take Time Off To Dream

We bring more life to peopleThere are many reasons for which organizations outsource their payroll, to TalentPro.Most often, it is the cost-cutting and optimization of critical resources that are mandated as the reasons to outsource payroll to TalentPro. However, there are many more benefits to outsourcing payroll.As a small and medium enterprise business owner, there is so much on your plate that you hardly have time for yourself, your family and sometimes you don’t even have quality...

Staffing And Temping – Grab the Differentiators

Quick growth and great expansions within a short time frame are challenging situations. The issue gets compounded with the need for quality staff, spanning across a wide range of job skills and educational requirements. – A condition that requires utterly new recruitment approaches.The traditional routes of job advertising, job fairs or internal referral networks are time-consuming, may not provide the quality you seek and do not offer employees who are ready to get on to the bandwagon and deliver...

Temporary Manpower to Permanent

Gone are the days when temporary manpower requirements had to be advertised separately. No more, “black-listing” them – the world, its economy and the way people’s work attitudes have evolved have taken temping to a different plane altogether. Did you know, that 20% of all temporary job listings are temp-to-perm positions and that piece of statistic makes “temping” very interesting, even for the conventional job seekers? There is a complete shift in the mindset of people on how they...