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Payroll and its components

An inevitable aspect of HR, which often gets overlooked, or worse, tossed over is the payroll. Perhaps one of the most important details that fall under the job of an HR professional and/or their employee is the payroll, but unfortunately, there is a lot of blank gaps with respect to how the salary structures and…

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Across the Globe, Future of Employee Payroll in Cryptocurrencies

Evolution of Cryptocurrency Handling of money, often one of the most anxiety inducing jobs, has taken an even larger toll since the introduction of crypto currency. It has led to sleepless nights and aimless days of calculating and processing the sudden gain and abrupt loss of this exciting concept of virtual money. Someone would call…

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How A Payroll Systems Works

When we consider systems, we always think of an application – offline or online. But, that is a narrow way of looking at things. Many systems, such as production systems, train systems etc incorporate a much broader set of activities and structures. In the case of a Payroll System, we are essentially looking at how…

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Why Is Third-Party Compliance Management Important Especially For SMEs?

The Need for Compliance The other day I met a Company Secretary who was desperate to delink himself from his current employer and look for a ‘better’ employer. His grouch? In spite of his sincere efforts, his current employer was non-compliant on some counts. The Company Secretary feared that his reputation and employability will be…

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Where is HRMS Going in 2017?

The world is changing rapidly. Companies such as Uber is changing the way business is conducted. The latest is Uberisation, a process by which companies have a mixture of employees and external experts or professionals who are hired as consultants. This model is very attractive to companies as the transactional costs are low. Talent is…

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The Influence of Compliance Management for Business Success

India is changing today. The government is introducing GST to ease taxation hassles and make it easy for individuals and business to remit their taxes through a single online portal. Even income tax is being made simpler for e-filing and similar steps. One of the major advantages we foresee is a lesser intrusion from governmental…

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How Crucial is Compliance for Startups

India is the base to the world’s third largest startups in terms of numbers. About 3 to 4 startups are born every day. Startups are built on the vision of the owner or owners. You have an experience in life. Think of a solution, an idea, and a startup is born. Many startups are extremely…

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The Need for Payroll Outsourcing

The most common management mindset in India is to do everything in-house. This is a combination of culture and inexpensive labour. ‘I want a tight grip on my finance, and am certainly not going to get someone else to handle that’, is the most often heard thought process spoken aloud. This process is changing. Competition…

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How Crucial Is Your HR Supplier’s Strategic Growth Plan?

More and more services providers are outsourcing their staffing solutions, regardless of the nature of their services or the number of employees their operations involve. Staffing is an operation that demands picture perfect execution. You have to be on your feet to appoint the right person to do the right job at the right time.…

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