Statutory compliance in HR helps a company to manage a demanding regulatory environment and avoid non-compliance risks. All the labor and taxation laws of India come under statutory compliance. HR statutory compliance is crucial for any organization to ensure they follow all legal requirements related to employment laws and regulations. Failure to comply with these regulations…
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A payroll structure covers all details of the compensation offered to an employee with a complete break-up of the components. Payroll pricing structure refers to the way in which a company charges for its payroll services. There are different pricing models for payroll services, depending on the provider and the specific services offered. Any change to this…
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Noncompliance can ruin corporate reputations, shatter financial performance, with the non-compliant regulation are undivided attention in the organization? Manufacturing companies must be aware of various legal, regulatory, technical and corporate governance requirements, they must comply to operate as a successful business. Manufacturing compliance refers to the adherence to regulations and laws applies to the manufacturing…
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Let’s take a look about recruitment in manufacturing. Recruiting for an array of roles in a tight market is easier if an organization stands apart from the competition. The challenge of finding the right person for the job can be daunting, especially when it comes to specialized roles in the sector. Manufacturing is a complex…
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What is payroll? What are the key strategies for the effective payroll management? What is payroll? What is payroll? In simple terms, Payroll is an end-to-end process wherein the company calculates the employees’ salaries. It lines up the with the employees’ payroll cycle list to be paid, trace of hours worked, calculating the employee’s pay,…
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Payroll is a critical aspect of any organization, and payroll processing is essential for the company’s long-term success. The payroll challenges are compliance regulations, managing a remote workforce, processing efficiency protecting sensitive data and employee data management. Organizations must address these challenges to ensure their payroll process is more efficient, compliant, and aligned with their overall…
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In a competitive job market, to recruit the best candidates, we need to create a good hiring and recruitment strategy by utilizing the previous recruitment data and metrics, thus helping the HR, and hiring teams source the best candidate by building the most effective recruitment process in the recruitment services, thus ultimately gives the companies a…
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Training and development is an integral part of an organization and it is one of the essential HR function development activity. The role of HR is vital for sailing the training and development process. HR is the person who believes the employees are the most valuable assets and indispensable sources of the organization. A good…
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Payroll deductions refer to the cost the employer deducts from the employee’s Salary every month in the form of taxes or voluntary deductions. The employer withholds a certain percentage of the employees’ Salary every month to cover contributions towards insurance premiums, investment plans, and retirement plans. While the government-mandated taxes, employee provident fund, employee state…
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Recruiting in today’s world is a challenging task. Recruiting is a process that requires time, effort, and patience. Having the right candidate for the right job is the most valuable asset to an organization. However, the main challenge for a start-up or a well-established enterprise is to attract top-talented and qualified people to their team.…
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