Effective human resource management is crucial for any organization dealing with people, and this holds for the banking industry, which has always been and will always be a “People Business.” The nature of the banking industry, primarily service-based, amplifies the importance of human resource management, as managing people within the organization while handling financial and…
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The Labour Law Compliance Checklist is designed to be a short, practical guide on how to comply with the law. It can be used by individuals and organizations alike, whether they are small businesses or large multinational companies. The checklist is divided into three sections: A labour law compliance checklist typically includes a list of…
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When processing payroll in India, there are certain procedures and processes to follow in order to ensure compliance. First, it is important to make sure all the information related to the payroll is accurate, such as salaries, deductions, benefits, and reimbursements. Additionally, make sure that the appropriate taxes and contributions are calculated, deducted, and remitted…
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Select your RPO company: RPO company vary significantly in terms of their technology, methodologies, personnel, and overall approach. Given the consultative nature of this function, it’s crucial to identify the provider that best fits your company’s culture, management style, and objectives. Some providers excel at refining existing processes, leveraging your technology stack, and integrating your…
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Benefits of RPO Recruitment Process Outsourcing (RPO) is a strategic partnership between an organization and an external provider, where the provider assumes responsibility for some or all the organization’s recruitment processes. In essence, RPO services involves delegating recruitment tasks such as candidate sourcing, screening, interviewing, and onboarding to a specialized third-party firm. Key benefits of…
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What is Recruitment Process Outsourcing? RPO stands for Recruitment Process outsourcing. It refers to a business practice where an organization outsources some or all its recruitment processes to an external service provider. RPO providers handle tasks such as finding candidates, reviewing resumes, conducting interviews, and making job offers. They collaborate closely with clients to grasp…
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What is compliance audit? A compliance audit is a systematic review conducted to assess whether an organization is adhering to relevant laws, regulations, internal policies, and industry standards. The primary objective of a compliance audit is to ensure that the organization’s operations are in line with legal requirements and ethical standards, thereby mitigating risks associated…
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What is sales executive? A Sales Executive is a skilled professional within an organization who plays a pivotal role in driving revenue and achieving sales objectives. This dynamic individual is responsible for developing and implementing strategies to identify and pursue new business opportunities. Working closely with the Sales Manager and Sales Associates, the Sales Executive…
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What Is HR in the Healthcare Industry? In the healthcare industry, HR teams handle traditional HR functions such as recruitment, hiring, and advising senior management on competitive pay and benefits packages to attract and retain top talent. However, healthcare HR faces unique challenges specific to the industry. They navigate and communicate a myriad of state…
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Payroll: Employee benefits and compensation in India In India, employee benefits and compensation are significant aspects of the overall employment package. The structure can vary across industries, companies, and job roles, but there are some common elements. “Payroll in India involves the management of employee benefits and compensation. This encompasses various elements such as basic…
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