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 […]
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 […]
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, […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 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/ […]
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 […]
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 […]
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 […]
Transitioning paper-based payroll processing to an online payroll system has always been a debatable topic for the leadership in many organizations. Despite having payroll software and resources, organizations consistently face payroll management challenges. A payroll management administrator encounters many payroll issues on day-to-day basis, each with varying degree of success in resolving them. Many organizations […]
Compensation planning is more than giving pay cheques or using multiple benefits to attract, hire, engage and retain top talent. Measuring employees’ performance with respect to organizational goals gives a fair basis to distribute compensation. Whether we blame lack of technology, economic issues or any other business factors, compensation management remains to be a major […]
Compensation planning is one of the best HR practices that encourages use of different pay benefits to attract, recruit and retain best talent. Employers look up to Compensation Management as a powerful way to reward high performing employees for successfully achieving their goals. unfortunately, not all organizations are good at managing and implementing compensation plans. […]
What does a payroll administrator do? He ensures that people are paid on the right date and their salary accounts are credited with right figures. That means his job is to pay salaries correctly and on time… Oh, I see! But ..Is that all? No. There is a lot more to it. If you’ll ever […]
Payroll is not only about cutting pay cheques or just clearing bills. It is a deep world inside. A survey was conducted by The National Small Business Associations to understand their approach to handle payroll processes in small business organizations. After analyzing responses from approximately 1,500 small business owners, the research stated that 60% businesses […]
Pay for performance is a popular form of compensation where employees are given salaries and other benefits depending upon their level of performance. Three decades before, people used to believe in the concept of life-time job. They would work in an organization for their entire life span. Building loyalty, trust and good relations was all […]
