Special economic zone (SEZs) are a direct consequence of the phenomenon of foreign direct investment (FDI). In simpler terms, SEZs are geographical areas within a country that have different laws and systems than other geographic regions. These zones are designated for trade and business and the overall economic development of surrounding areas. Some of the…
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Payroll structure is the details of the salary that have been offered in terms of the breakup of different components constituting the compensation. Knowledge of the components is very crucial to the employee as he gets an idea about how much goes into forced savings and what kind of tax exemptions to claim. Components of Pay…
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Talent sourcing strategies are the first step in getting the best talents on board. It is both time-efficient and cost-effective. Let us see the entire process in a bit of detail. What is talent sourcing? Talent sourcing is a structured method of identifying, engaging, and networking with relevant talent pools of best fit. It is also…
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[vc_row][vc_column][vc_column_text css_animation=”fadeInUp”]Government contracts, as the name suggests, are those undertaken or signed by state or central governments. They are initiatives signed for various purposes such as construction and maintenance, manpower and staffing, IT-related projects, and so on. Government contract compliance is a constantly evolving challenge While one of the parties in the contract is the government,…
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[vc_row][vc_column][vc_column_text css_animation=”fadeInUp”]Payroll processing services play a significant role in the running of any organization. The overseeing of processes that are involved in the payment of wages to employees is one of the HR department or manager’s chief objectives. Of course, when it comes to payroll, it encompasses various elements. Some of these include: Tax computation…
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[vc_row][vc_column][vc_column_text css_animation=”fadeInUp”]This Blog deals with the subject matter, whether the payroll system that you are using is statutory compliant or not? It is very must for the companies to use a statutory compliant payroll system. What is Statutory Compliance in HR means? Statutory compliance in HR, refers to the legal framework within which the organizations…
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[vc_row][vc_column][vc_column_text css_animation=”fadeInUp”]Here are some important reasons as to why Executive search firms are just so necessary for your company. This blog details some of the essential criteria that still make these firms so relevant. Recruiting the best candidates is not easy; it is labor-intensive, complex, and requires people skills and business expertise. Here are some reasons as…
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[vc_row][vc_column][vc_column_text css_animation=”fadeInUp”] Today payroll processing services are an essential HR activity of any organization. This post deals with challenges of payroll outsourcing and the ways to overcome those challenges. Compliance: For a business that runs in several places, ensuring a standard payroll process with respect to local federal bodies becomes a challenge. Good corporate governance…
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[vc_row][vc_column][vc_column_text css_animation=”fadeInUp”]According to an online report, 25% of American organizations still rely on traditional paper and pencil methods when it comes to calculating and processing payroll. Payroll includes processes such as the maintenance of employee records and the calculation of salaries/ wages, processing taxes, and so on. Some organizations that have just started tend to…
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[vc_row][vc_column][vc_column_text css_animation=”fadeInUp”]The data security risk is a massive worry in today’s outsourcing arena. Almost all the companies are lining up to outsource their HR functions, let’s have a look at some of the concerns. With the advent of IT, outsourcing has become a big business trend as this helps firms to concentrate on their core business. Data…
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