Parliament on Friday, July 30, 2019, passed the Wage Code bill to enable the introduction of a minimum wage for every worker among both formal and informal sector workers. It also passed the provision for no discrimination based on gender in either recruitment or payment of wages. This bill has the potential to improve women labour force participation rate in the country. It will universalize minimum...
Read MoreHow can human resources influence business strategy? In several ways in fact depending upon the element of HR we’re looking at. Because human resources is a very vast field that covers every sphere of business operations. After all, a business however small or large is nothing more than people utilizing their collective skills effectively to provide a service or product that benefits all stakeholders. And managing people- or humans- is...
Read MorePayroll processing is an important function for any business and has to be executed without any errors. It has the potential to take away a hell of a lot of time of those responsible for HR and finance functions of both small and medium companies in India on a monthly basis. Even now many companies process payrolls manually. This makes it a laborious and error-prone...
Read MoreAll employees in an organization are not equal and cannot be expected to be wonderful performers. For various reasons, even the great performers become slack at times. However, low employee productivity does not augur well for businesses. Now, the question is what managers can do about it. It is not possible to take a one-solution-for-all approach when dealing with poor performers because people are different and...
Read MoreEvery company wants to Increase Productivity, Reduce Costs, Leverage Time & Resources, and Minimize Risk & Decrease Infrastructure Investment - Software solutions can help solve the problem. Every growing company think of creative ideas to enhance the efficiency of the system and may also face many hurdles in achieving the same. A big one is the burden of managing payroll and staying compliant with ever-changing tax...
Read MoreAccording to HR experts, salary or pay is not the top criterion that predicts workplace satisfaction. It is the company culture. The values of an organization, leadership quality of senior emloyees, and career opportunities within the company, in that order, also impact workplace satisfaction. In fact, there has been a tremendous increase in the significance of culture over the past few years as by a...
Read MoreImagine a car that has been engineered by a famous German engineer and has all these beautiful parts that make it the car fanatics drool on. But is there a point to that car if it is only a metal body? That’s exactly what an organization is without its employees. And after you have put in so many efforts to find the right candidate for...
Read MoreThough we are aware of the term HRA or the House Rent Allowance; it is the amount paid by employers to their employees as part of the salary. But not many of us know that the employees staying in rented accommodation can very well claim it to lower their taxes. Adding to the irony, this lot is still confused with respect to the exemptions and...
Read MoreAre you running a start up? If yes, then you've a bigger question. Are you running a successful start up? Running a successful start up is definitely not everybody's cup of tea! With almost 80% start ups failing within 1 year of its inception, it's quite challenging to run a start up successfully! One of the major reasons behind failure of start ups is poor...
Read MoreAlthough leave and absenteeism are crucial aspects of payroll, most of the businesses do not provide them with the attention that they deserve. Often, these are overlooked even by large organisations as they're busy running behind profits and growth of the organisation. Some Businesses do not even keep a track of their employees' attendance which could land them into various troubles. It is only recently...
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