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 of Income tax rules for FY 2019-20 There is no change in income tax slab rate for financial year 2019-20 […]

Why Does my HR Software not Succeed?

Why Does my HR Software not Succeed?

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 […]

Where Configurability Matters Most in the HR Technology Arena

Where Configurability Matters Most in the HR Technology Arena

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 […]

Ensure Accurate Client Billing and Simplify Leave Audit with Highly Customized Empxtrack Leave Management System

Ensure Accurate Client Billing and Simplify Leave Audit with Highly Customized Empxtrack Leave Management System

This case study is about a leading U.S. based IT company with more than 2,500 employees. The company offers a wide range of technology solutions, including Mobile Services, IoT & Analytics, Digital Strategy, Brand and Marketing, Cloud & Managed Services, and more. THE CHALLENGE The client recorded employee work hours through timesheet and used Empxtrack […]

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 […]

Increase Profits by 15% With Optimum Utilization of Shared Work Stations and Human Capital

Increase Profits by 15% With Optimum Utilization of Shared Work Stations and Human Capital

This post contains a case study about a Media House located in Mumbai, India, with more than 500 employees. The company is an industry-leader in radio spot monitoring providing Sales, Marketing and Advertising Research tools to broadcasters, ad agencies, advertisers and industry analysts. Their patented broadcast monitoring technology reviews top-rated advertising media in major markets. […]

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 […]

6 Reasons to Invest in a Cloud-Based HRIS

6 Reasons to Invest in a Cloud-Based HRIS

A cloud-based HRIS (human resource information system), allow organizations to store employee data on a single, easily accessible, secured online location. The data can be accessed instantly, anytime, anywhere, from any device having internet connection. With the ever changing requirements of HR and with advancements in Smart HR technology, software vendors are now offering cloud […]

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 […]

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/ […]

Solve 5 Major Payroll Challenges with An Online Payroll Software

Solve 5 Major Payroll Challenges with An Online Payroll Software

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 […]

Why to Choose a Reliable Compensation Planning System

Why to Choose a Reliable Compensation Planning System

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. […]