Running a successful business involves several critical considerations, and maintaining legal compliance should be at the top of your priority list. Legal compliance in India entails a significant amount of paperwork and procedures, making it essential to have a dedicated compliance team within your business to handle this function effectively. Adhering to laws, regulations,…
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What is Contract labor act (CLRA)? In India, the Ministry of Labour and Employment oversees the formulation and enforcement of labour rights laws. Its primary role is safeguarding workers’ interests, enforcing employee-friendly regulations, and ensuring industry compliance nationwide. These laws establish a framework for various labour-related matters such as minimum wage, occupational safety, accident and…
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Recruitment Process Outsourcing (RPO) has emerged as a transformative solution in the realm of staffing and human resources management. In today’s competitive business landscape, organizations are increasingly turning to RPO providers to streamline their hiring processes, enhance candidate quality, and reduce recruitment costs. By outsourcing all or part of their recruitment functions to specialized RPO…
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What is an Executive search firm? An Executive search firm, also known as an executive recruitment firm or headhunting firm, plays a crucial role in the talent acquisition process for organizations seeking top-level executives. These firms specialize in identifying, attracting, and hiring candidates for senior-level positions, acting as a type of staffing agency with a…
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What is Contingent staffing? Contingent staffing refers to the practice of hiring temporary workers or contract employees on an as-needed basis, rather than employing them full-time as permanent workers. Contingent workers and contractors are essentially the same; both are brought in to fulfil specific roles or complete projects for a predetermined period, without the long-term…
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What is payroll processing? Payroll processing encompasses the complete sequence of steps necessary to calculate each employee’s total remuneration. This process typically includes three to four stages and involves tasks such as defining salary structures, gathering employee data, accounting for components like deductions and allowances, and setting up necessary policies related to taxes and other…
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Vendor compliance refers to the adherence of a supplier or vendor to the terms, conditions, and standards set forth by a buying organization. Essentially, it’s about ensuring that the products or services provided by a vendor meet the specified requirements, such as quality standards, delivery timelines, and any other contractual obligations. This helps maintain consistency,…
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Your organization is embarking on a critical project with a tight deadline, but the internal team is already operating at full capacity. Compounding this challenge, one team member needs to take parental leave, and another has pursued an opportunity at another organization. In such situations, utilizing temporary hiring can fill the gaps by bringing in…
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Ensuring Compliance: A Comprehensive Guide for Businesses Under the Shops Act in India In the realm of business operations in India, compliance stands as a cornerstone, signifying adherence to legal regulations and norms. Each statute, including the Shops Act, delineates a set of compliance requirements, encompassing tasks such as filing returns, submitting applications, and fulfilling financial obligations. For enterprises…
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Employee compensation policy refers to the structured framework a company implements to determine how it remunerates its employees for their work. It encompasses various components, including salaries, wages, bonuses, benefits, and incentives. Crafting an effective compensation policy is crucial for attracting and retaining top talent, motivating employees, and ensuring fairness and equity within the organization. Employee compensation encompasses various elements, each…
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