[vc_row][vc_column][vc_column_text]Compliance Management Compliance Management refers to managerial practices where all dealings and activities are monitored carefully by companies and organizations. This is done to ensure that they meet a set of requirements, codes, or standards. Failure to meet those imposed standards is called compliance failure. Compliance failure can result in severe damage to the company’s…
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[vc_row][vc_column][vc_column_text]According to the Willis Towers Watson Survey that conducted in 2019, salaries in India are projected to rise by 10% in the year 2020, and sectors like manufacturing, chemical, tech, and pharma are expecting salary increases by 10%. Sectors such as energy, financial services, and consumer products will see the highest year-on-year growth. Given that…
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[vc_row][vc_column][vc_column_text]2020 is finally here, and with it come a whole new set of challenges for organizations in terms of finding and retaining the right talent. Workplaces are continually evolving to keep with the times and the ever-changing needs of the marketplace. With Glassdoor’s chief economist Andrew Chamberlain declaring that employees would be organizations’ sole focus…
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[vc_row][vc_column][vc_column_text] HRMS is an integrated system providing information that is used by the HR department in various strategic decision making. These days’ majority of the corporates have an HRMS portal. It is an important tool by which any company can keep track of all its employees and information about them. The company may choose to store…
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[vc_row][vc_column][vc_column_text] This blog focusses on various ways to simplify the payroll management system in your organization. Payroll processing is an ever-changing process and a complicated one too. Payroll process, in reality, is a very complicated process, and it generally refers to the administration of employee’s financial records, including salaries, wages, bonuses, deductions, and net pay. Payroll processing…
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[vc_row][vc_column][vc_column_text] Payroll Taxes are taxes that are deducted from an employee’s salary by an employer. Payroll taxes are usually a small percentage that is deducted from an employee’s salary. These taxes are used for various purposes and to cover programs such as medical insurance and social security for employees. This is done when employers deduct…
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[vc_row][vc_column][vc_column_text] The staffing industry in India has grown to an extraordinary level, especially in the area of a third-party payroll service provider. Staffing in India has shown much activity with the growth of business and commerce. Temporary staffing has shown remarkable growth over the last few years. In simple words, the staffing industry is all poised to…
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Flexi staffing refers to the situation where organizations hire employees temporarily, either for a fixed period or until the completion of a task. These employees can be from staffing agencies or referrals on a contract basis. Flexi staffing is becoming increasingly popular among workplaces to complete short-term projects and goals effectively. Flexi staffing also helps organizations who…
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Organizations and companies in a nation or society are subject to scrutiny as well. When organizations or companies are held accountable for their actions according to a set of regulations, it is called compliance. It refers to an organization adhering to a set of laws and rules that governs how it does business. Statutory Compliance…
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