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....

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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 is...

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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 system is very important and certainly a very major step in this direction. Attendance systems based on paper time cards, registers, buddy punching, etc....

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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...

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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...

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TalentPro India Blog - Payroll Vendor

Switching Your Payroll Vendor – A Quick Checklist

In a 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 and focus better on its growth. However, getting the thing wrong can result in administrative nightmare or worse – hence you may follow these...

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TalentPro India Blog - Statutory Compliance for Pharma Industry

Drug Makers’ Laws – Statutory Compliances For Pharmaceuticals

India’s pharmaceutical manufacturing journey started even before we attained our independence. Bengal Chemical and Pharmaceutical Works Limited, later renamed as BCPL, was India’s first pharmaceutical company which was started in 1901. Growing at a rapid pace, the Indian pharmaceutical market size grew to over 1,29,000 crores in 2018. Indian pharmaceutical supply is nearly 20% of the global supply volume.Currently, there are over 3000 pharma companies and over 10,000 manufacturing units across India. ...

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TalentPro India Blog - Data Analytics

Big–Tax Data Analytics New Era For 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...

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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...

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