For human resource professionals, it is important to stay on top of the latest HR trends and employee management practices. With the ever changing HR needs and laws, human resource managers need to be on the lookout for best HR practices to follow. They need to keep themselves updated to create a positive work environment […]
What is attrition? Attrition is a familiar and much feared word among HR professionals. But what is attrition, why does it happen and how does it affect an organization? More importantly- what can the company stakeholders do to manage this problem? Let us try to understand. Attrition definition The general meaning of the word ‘attrition’ […]
This article highlights the HR trends in 2021 that will reshape the HR world and influence the way businesses operate. With the fall of 2019, many HR trends were predicted that would have reigned in 2020. But there were no predictions about the global pandemic and the disruption it would cause to the way we […]
The 2020 Union Budget of India has proposed the latest income tax rules. This article describes the new income tax regime 2020 and its effect on Payroll Processing. Taxpayers can choose any of the two tax options – the old tax regime or the new tax regime. What will you choose? Old Tax Regime: Higher […]
Are you ready to take up a remote work model and safeguard your employees from COVID-19? If yes, then move your HR on cloud and manage remote teams efficiently while maintaining business continuity. Rapid spread of Coronavirus has urged companies to implement a work-from-home model. The urgent need to manage remote teams has come alive […]
Do check out the list of emerging top 8 global HR trends in 2021. As we near the end of this year, it’s time to watch out for emerging HR trends in 2020. According to Forrester, more than 47% of interviewed executives believe that by 2020, technology will have an impact on more than half […]
Income tax e-filing of Income from other sources is vital. This may be tax free and include investments, selling of property etc. Learn how to declare such income in ITR-1 For the latest income tax rules on new tax regime, visit New Income Tax Regime 2020 and Its Effect on Payroll Processing Indian Income Tax […]
Do you have questions on how, when and where 24Q form filing is done? Here is a quick guide on TDS return filing. CBDT had extended the due date of 24Q form filing for FY 2018-19 from 31st of May, 2019 to 30th of June, 2019. What is Form 24Q? At the time of paying […]
Over 90% of managers believe their organization’s performance management process does not correspond to the actual work done by their teams and consequently there is a significant dissatisfaction with annual evaluations! It has been observed that a large proportion of managers who give this feedback are from Project-centric organizations or companies where work is done […]
For the latest income tax rules on new tax regime, visit New Income Tax Regime 2020 and Its Effect on Payroll Processing In the Interim Budget presented on 1st February 2019, the Indian government has announced changes in the income tax rules for the financial year 2019-2020. These tax deduction rules are effective from April’19 […]
Exit Management or employee offboarding is a process to manage the full and final settlement of employees when they exit from an organization. When an employee resigns, retires or is being terminated from work, the required paperwork and formalities associated with employee exit need to go through a systematic process. Exit interview, clearance from various […]
Strategic retention has become more important than ever in today’s competitive job market. Many HR professionals have turned to powerful software solutions to help them stay ahead. With the swiftly evolving nature of artificial intelligence and the push towards cloud-based platforms, technologists would argue that HR software is becoming a necessity. That being said, the […]
Selecting a suitable HR software vendor can be a challenging and overwhelming task. While making the right choice of the HR solution, keep functionality, usability, operational effectiveness and return on investment in mind. Besides time and cost saving, ensure that you pick a software that aligns with your objectives and adds significant value to your […]
The case study is about a leading technology company with a global hub of more than 1 million developers. The company specializes in innovation management & technical recruitment solutions and supports its worldwide clientele to fast-track their growth. THE CHALLENGE The company had challenges in evaluating employee performance and distributing Variable Pay fairly to the […]
In the past, HR department has focused mainly on automation of processes and integrated solutions. With the changing dynamics at workplace, the emphasis is now more on improving Employee Experience (EX) and keeping the workforce motivated and satisfied. Higher productivity, better workforce engagement and empowerment of employees with overall improved EX have taken a strong […]
I was at the recently concluded HR Tech Conference in Las Vegas and with 100s of HR Tech vendors, all the leading consultants and senior HR practitioners, it was quite an event. On speaking with a number of vendors and viewing product demos, I was pleasantly overwhelmed with the features and depth and breadth of […]
The case study is about a legal firm that provides vast array of financial and advisory services to huge clientele, including MNCs, banks, government agencies and other businesses. With a diverse team consisting of 15 partners, more than 700 employees, 150 Chartered Accountants and other domain experts, the company is committed to offer excellent Accounting, […]
Performance Management has been unsuccessful in many organizations. Traditional annual appraisals and development programs are no longer appreciated by employees and employers alike. The reason – they aren’t employee centric, meaningful and do not give tangible results. 58% of organizations rate their performance management systems as “C Grade or below.” Statistics shows that only 14% […]
A company is no stronger than the people who work for it. It’s as simple as that. As a result, to make sure your business succeeds, you need to do everything you can to both attract and retain the top talent. In today’s candidate-driven market, top talent is in high demand. Employers are competing for […]
Let’s start with the universally accepted principle that configurability, like the rest of the “abilities” relative to HCM systems — usability, scalability and inter-operability — are the hardest aspects of a product offering to dramatically improve. These platform attributes (vs. features) consequently should be front and center when evaluating prospective HR technology, because if high […]
