Income Tax Rules for FY 2019-20: Impact on your Financial Planning

Income Tax Rules for FY 2019-20: Impact on your Financial Planning

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 onwards. Highlights » There is no change in income tax slab rate for financial year 2019-20 (AY 2020-21). » The standard deduction […]

Exit Management, Offboarding Checklist & Exit Interviews – All on a Single Digital Platform

Exit Management, Offboarding Checklist & Exit Interviews – All on a Single Digital Platform

Exit Management process mitigates security and legal threats. According to a survey by TEKsystems, only 14 percent of IT leaders strongly agree their organization has an effective employee offboarding process. Employee offboarding process is often overlooked, thus restricting an honest feedback from the exiting employees that can be used for exit analysis. Whether your employee […]

The Best HR Software for Your Business Size

The Best HR Software for Your Business Size

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 […]

How to Choose HR Software Vendor in 2019?

How to Choose HR Software Vendor in 2019?

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 […]

A Leading IT Company Sets Up Unbiased Variable Pay System with Empxtrack

A Leading IT Company Sets Up Unbiased Variable Pay System with Empxtrack

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 […]

Payroll Solution That Ensures 100% Statutory Compliance and Regulation

Payroll Solution That Ensures 100% Statutory Compliance and Regulation

Payroll is a complex process that becomes more challenging with a company’s unique processes, compliance issues, varying allowance and deductions and with constantly changing legislation. This, often puts businesses at a risk as there is so much at stake in terms of penalties, additional scrutiny and reputation of the company. Many organizations manage this process […]

Top 7 HR Challenges In 2018

Top 7 HR Challenges In 2018

Human Resource professionals wear many hats and manage a variety of responsibilities – from recruitment to retirement. It rarely happens that a day in an HR department passes slow. Managing human resource department and enforcing policies in an organization have always been a constant concern for HR. But the job doesn’t end here. The department […]

Can a payroll software be an effective HRMS?

Can a payroll software be an effective HRMS?

How do companies manage their employee data? I often have discussions with senior management of small and mid-sized companies on the HR software they use to manage their employees. In many cases – the only HR software that companies use is a payroll software. Their employee data is typically spread between their payroll software, spreadsheets, […]

Top 4 Online Payroll Management Practices for 2018

Top 4 Online Payroll Management Practices for 2018

A lot has changed in payroll management over the past few years. Earlier, payroll processing meant manual calculations that was time consuming and lead to data entry errors. Today, organizations use automated system to process payroll accurately and meet statutory compliance. With the access to latest technologies, small to medium-sized businesses can now successfully meet […]

The Future of Digital HR Technology – What’s Ahead in 2018?

The Future of Digital HR Technology – What’s Ahead in 2018?

HR Managers are often concerned about ways to engage and build a productive workforce. Continuous effort is put to implement innovative ways to increase operational efficiency and improve employee experience. According to a survey conducted by Deloitte, 56% of companies have redesigned their HR programs to leverage digital and mobile tools. With the onset of […]

10 Best HR and Recruitment Blogs to Follow in 2018

10 Best HR and Recruitment Blogs to Follow in 2018

Here’s a list of top 10 HR and Recruitment blogs that you may like to follow in 2018. Stay tuned to know latest news and trends in HR. HR Bartender Founded and run by Sharlyn Lauby, this blog focuses on topics that relate to the workplace, not just human resources. Some of the most popular […]

Infographic: Why Do We Need a Cloud-Based HR Software?

Infographic: Why Do We Need a Cloud-Based HR Software?

In today’s global economy, HR challenges affect all aspects of a business. The traditional ways of hiring, managing and retaining workforce need to be transformed to meet the business objectives. HR should be well informed and updated with the latest evolution in HR automation and aim at becoming a strategic partner in the business. Overcome […]

Digital Transformation and the Evolution of HR Trends

Digital Transformation and the Evolution of HR Trends

Till a few years ago, human resources used to be least active in technology innovation and automation. But over time, digital transformation has empowered HR to improve the human resource processes. According to CB Insights research, HR technology industry had received more than $2 billion in investment capital in 2015. Thus, encouraging use of advanced tools […]

2017 Global Human Capital Management: Winning Strategies for a Changing Market

2017 Global Human Capital Management: Winning Strategies for a Changing Market

The most important asset for an organization is their PEOPLE. According to Gartner, Human Capital Management is a set of practices related to people resource management, specifically in the categories of workforce acquisition, management and optimization. In today’s fast-growing business world, organizations strive to utilize their workforce optimally to remain prepared for future growth and […]

Latest Income Tax Rules for FY 2017-18: Empxtrack Is Here to Help You

Latest Income Tax Rules for FY 2017-18: Empxtrack Is Here to Help You

In India, 2016 ended with the news of Demonetisation surfacing all over the country and impacting rich and poor alike. The prolonged cash shortage created a lot of confusion and chaos for the common people, and it hugely impacted disposable income of the countrymen. Government of India planned this move to cease cash-centric black market […]

Payroll Management : Remain Statutory Compliant & Avoid Last Minute Payroll Hassles

Payroll Management : Remain Statutory Compliant & Avoid Last Minute Payroll Hassles

Payroll management is time-consuming and complex and requires full business confidentiality. Managing employee data, answering queries, preparing reports and looking into payroll processing, all often at the same time, becomes overwhelming and stressful for the HR department. What are some common issues in payroll processing? Calculating taxes, Provident Fund (PF) and ESI deductions, travel/ medical/ […]

How to Overcome Challenges in Travel and Expense Management?

How to Overcome Challenges in Travel and Expense Management?

Today, business travel has become a common thing. Global expansion of a business significantly increases travel expenses for the company. Increase in Travel and Expense Spending As stated in a PayStream Advisors report on travel and expense management, 38% of companies spend more than $500,000 on travel and expenses, and 18% spend more than $5 […]

Facing Trouble in employee time tracking? Get an Intuitive, Easy-to-Use Tool

Facing Trouble in employee time tracking? Get an Intuitive, Easy-to-Use Tool

Project managers often find it challenging to keep track of how many hours their team members have spent on each task. Managing people becomes a lot easier if you can measure what you are managing. Why do organizations need timesheets? Timesheets provide accurate information about the employees’ time spent on each project and activity. In […]

Case Study: Empxtrack Payroll Software Reduces Payroll Complexities for Khanna Paper Mills

Case Study: Empxtrack Payroll Software Reduces Payroll Complexities for Khanna Paper Mills

Company Khanna Paper Mills Private Limited, manufactures quality paper and board by recycling of waste paper as the feedstock for domestic consumption. They are one of the largest manufacturer of packaging and graphic boards in asia. Khanna Paper is the third largest manufacturing unit housed within one humongous single location premise with turnover of 1200 […]