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Core components of payroll processing in India

Trends in Payroll that will change an organizations

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.

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Trends In Payroll Processing That Will Change An Organizations’ Working Pattern

Trends in Payroll that will change an organizations

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. In the midst of widespread uptake of automation and cloud-based solutions, what does the future of payroll look like?

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Need and Importance Of Statutory Compliance

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.

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What is staffing and the Facts about Staffing Solutions You Should Know

Payroll components

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.

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Payroll and its components

Payroll 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.

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Across the Globe, Future of Employee Payroll in Cryptocurrencies

compliance management

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 far more than that.

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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.

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

The other day I met a Company Secretary who was desperate to delink himself from his current employer and look for a ‘better’ employer.

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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.

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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.

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