[vc_row][vc_column][vc_column_text css_animation=”fadeInUp”]Payroll can either refer to a list of employees that are currently employed in an organization or the amount of money that are paid to the employees. It includes aspects such as attendance, tax returns, HRA, and LTA. However, no system is perfect. Payroll Errors and the Importance of Focus: Payroll Errors happen despite…
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[vc_row][vc_column][vc_column_text css_animation=”fadeInUp”]POSH: POSH is an acronym for the prevention of sexual harassment. This act was passed in 2013 thanks to the efforts of the Vishakha group who battled for the cause of safer workplaces. Now organizations have systems in place that exist for grievance redressal regarding workplace sexual harassment. The POSH act was published in…
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[vc_row][vc_column][vc_column_text css_animation=”fadeInUp”]HR outsourcing is one of the essential business strategies of the day. Most business owners agree that their employees are their most valuable assets. Hence most businesses are outsourcing their HR functions. Let us have a look at some of the significant benefits of outsourcing HR functions. Cost Savings Cost savings is one of…
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[vc_row][vc_column][vc_column_text css_animation=”fadeInUp”] Usually, GST returns comprise of two types of returns – periodic and annual returns. The periodic returns comprise of monthly and quarterly returns, and these are for transactions during the month or the quarter. The annual return is for reporting the summary of the periodic returns filed during a financial year. Annual GST…
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[vc_row][vc_column][vc_column_text css_animation=”fadeInUp”] ITR filing is perhaps one of the most fundamental activities in one’s life now, especially if he/she is a well-placed professional or a businessman. Let’s look at the benefits of filing returns. Saves from prosecution The most significant advantage of income tax return filing is that it helps you to avoid some severe…
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Human Resource Management system is the most comprehensive and involved HR solution. It includes all the features of HRIS and HCM systems. This is used widely in all corporate sectors. Let us have a look at some of the critical features of both HRMS and Personnel Management. HRMS – In simple terms, it is a combination…
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[vc_row][vc_column][vc_column_text css_animation=”fadeInUp”] What is CSR (Corporate Social Responsibility)? Any industry or business changes environments, societies, or communities. They provide livelihoods, raise living standards, and contribute to the GDP of a nation. Corporate Social Responsibility (CSR) is an initiative or a model where organizations become socially accountable. These are initiatives focused on improving the state of…
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[vc_row][vc_column][vc_column_text css_animation=”fadeInUp”] Why outsourcing is Important? HR is the backbone of any organization. It lends structure and support and manages an organization’s most valuable asset: the people. But there are instances where specific vital processes can be and are outsourced. For instance, startups may look to outsource certain key processes due to cost-cutting and the…
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[vc_row][vc_column][vc_column_text css_animation=”fadeInUp”]HR is a very strategic department in any organization. Legal compliance has a considerable role to play in the functioning of HR. Every HR professional must be aware of the legal modules under which he has to function. Violating Legal compliance may attract punishment for the organization from the government. As one goes up…
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