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 Statutory compliance in HR? Statutory compliance in HR refers to the adherence and fulfilment of legal requirements, rules, and regulations established by statutes in the context of managing employees within an organization. It encompasses the obligation of organizations to comply with labour laws established by both the central and state governments in India.…
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Human resource compliance refers to rules and standards guiding human resource planning and management, setting benchmarks for HR practices. The management of these standards in line with the organization’s overall objectives is known as human resource compliance management. By ensuring that HR practices comply with relevant laws, regulations, and internal policies, employers can create a…
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Training and development programs helps the employees to learn and acquire new skills, as well as in gaining the professional knowledge required to progress in their careers. Training and development programs are essential for organizations to achieve their objectives, as they improve employee performance, engagement, and motivation, as well as enable employees to adapt to…
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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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Full and Final Settlement, popularly known as FnF Settlement, happens when an employee decides to leave, resigns from an organization, or is terminated by the employer. The significance of the settlement policy is to pay all the balance payments to the employees including retirement benefits, bonuses, gratuity, incentives, etc. Significant components of FnF: Unpaid Salary…
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