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The Need for a Structured Corporate Governance, Risk, and Statutory Compliance Framework
The Need for a Structured Corporate Governance, Risk, and Statutory Compliance Framework

[vc_row][vc_column][vc_column_text]Intro In addition to nurturing your business and achieving expansion, following a set of proven practices that run across your organization at different levels is crucial. It helps to enhance your company’s principled performance while mitigating compliance risk. Statutory governance, risk management, and corporate governance are the three major elements of a modern business. Statutory…

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A Complete Payroll Tax Guide that Helps Avoid Penalties
A Complete Payroll Tax Guide that Helps Avoid Penalties

[vc_row][vc_column][vc_column_text]Intro  Payroll taxes comprise all the taxes paid on the wages of an organization’s employees. These include the timely and accurate deduction of your employees’ wages and paying specific taxes to the Government on their behalf. Non-compliance to the norms and regulations related to payroll taxes results in hefty penalties and other unwanted liability. Payroll…

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Effective Vendor Management that Maximizes Business Benefits

Intro  Defining vendor management in a simple, succinct way is the process that helps create, monitor, and cultivate your relationships with your vendors, thus enabling you to achieve business objectives smoothly. Vendor management is one of the factors that help prevent business disruption. It addresses issues such as supplier selection, ensures that goods and services…

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Why is Critical Thinking Considered a Key Skill
Why is Critical Thinking Considered a Key Skill

[vc_row][vc_column][vc_column_text]Intro  Amid competition and increasing demand for innovative skills, the ability to smartly analyze the available information and draw sensible, reasonable conclusions is crucial. Significantly, individuals and business enterprises develop the skill to recognize useful and relevant details while shoving off less important details. This discrimination is the much-needed caliber today that enables smart decision-making.…

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Crucial HR Documents That Every Modern Business Must Be Aware of
Crucial HR Documents That Every Modern Business Must Be Aware of

[vc_row][vc_column][vc_column_text]Intro Entrepreneurs, especially small business owners, would likely want to spend time training their employees and expanding their businesses. In the midst of the hectic activities related to nurturing a budding business, being concerned about compliance issues and the consequences of being unable to meet such needs will be hard on the part of any…

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How to Transform HR Compliance to Mitigate Risks and Achieve Rewards
How to Transform HR Compliance to Mitigate Risks and Achieve Rewards

[vc_row][vc_column][vc_column_text]Intro An increasing number of legislations and changing industry standards have made HR compliance more significant in the contemporary business ecosystem. As even a small error leads to the image of a business being tarnished—let alone the legal tangles—it is crucial to meet all compliance needs, especially labor laws. Tips to Transform HR compliance Having…

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All You Need to Know about the Taxable, Nontaxable, and Partially Taxable Components of Salaries and Allowances
All You Need to Know about the Taxable, Nontaxable, and Partially Taxable Components of Salaries and Allowances

[vc_row][vc_column][vc_column_text]Intro  According to the IT Act of 1961 in India, regarding payroll processing, taxable benefits are classified into two broad categories: recurring and ad hoc. Allowances and perquisites are different benefits provided by employers to their employees. While some allowances fall under the salaries head and are fully taxable, other allowances may be partially taxable…

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Acquire the Best Talent through an Appropriate Recruitment Process
Acquire the Best Talent through an Appropriate Recruitment Process

[vc_row][vc_column][vc_column_text]Intro  In the contemporary business setting, there is a heavy demand for hiring top talent. This necessitates sourcing candidates from the right pool through the right channels. The recruitment process, unlike before, demands a strategic approach and calls for striking the right balance between speed and quality. One of the best business ideas for modern…

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The New Employee Onboarding Checklist for Every Contemporary Business
The New Employee Onboarding Checklist for Every Contemporary Business

[vc_row][vc_column][vc_column_text]Intro  Even with all the technological advancements and innovative inventions, certain things are crucial in the business setting and stay that way forever. Manpower is one of those critical things. As people can only build successful businesses, the importance of understanding the nuances of building an effective team of talented and trusted employees can never…

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All business establishments having more than ten employees need to register themselves with the Employees State Insurance Corporation (ESIC) in India.
All That You Need to Know about ESIC—from Registration to Documents and Processes

[vc_row][vc_column][vc_column_text]Intro  An employee-oriented multidimensional social security scheme, the employee’s state insurance scheme of India, has been designed to provide socio-economic protection to Indian employees. Registration associated with this scheme is provided under the Employee Stare Insurance Corporation—an autonomous, self-financing entity that the ESI Act, 1948, controls. It is an integral part of corporate governance under…

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