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 […]
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 […]
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 […]
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 […]
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, […]
The post contains a case study of one the largest financial service providers dealing primarily in remittances, foreign exchange and bill payment solutions. The company has a large support staff of more than 2,200 employees spread across 800 offices in 31 countries to provide end-to-end financial services to worldwide customer base. The company faced challenges […]
“Empxtrack turned out to be the perfect solution for our business as we aimed to introduce a more formal and streamlined annual goal-setting and performance evaluation process in 2018. It is simple to set up, requires minimal time and effort to administer, and user-friendly for our employees. In addition, the customer service team is highly […]
Do you believe Artificial Intelligence is the future game-changer? Artificial Intelligence (AI) is not the FUTURE, it is ALREADY HERE. According to Wikipedia, “Artificial intelligence (AI, also machine intelligence, MI) is intelligence demonstrated by machines, in contrast to the natural intelligence (NI) displayed by humans and other animals”. In a post by Josh Bersin, Founder […]
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 […]
What is the first thing that comes to your mind when you think of a Calendar? Important dates, tasks, meetings, holidays, or merely a thought of being efficient and organized. Well, each one of us may think of a unique answer, but at the end of the day – we all aim to become productive, […]
Gen Z – The True Digital Natives Who Use Technology as Their Superpower Technology Savvy. Spontaneous. Emotionally Intelligent. Digital Natives. Practical. All these terms define Generation Z, or iGen, and their behaviour. In a Forbes post, Gen Z has been referred as Post-Millennial generation categorizing people born from the mid-1990s to early 2000s, comprising of […]
Who wouldn’t love being able to work remotely from home? Isn’t this an attractive job perk? With the rise of digital independence, the working landscape has changed dramatically. Employees are demanding better work-life balance, and most employers have adapted and offered occasional work-from-home days to meet employee needs. Work-from-Home – The concept is extremely meaningful […]
This year, Finland grabbed top position in the list of world’s happiest countries, followed by Norway, Denmark, Iceland and Switzerland. On March 14th, 2018, the Sustainable Development Solutions Network for the United Nations released the World Happiness report giving top ranks to the happiest countries in the world. According to the report, countries were ranked […]
According to the Family and Medical Leave Act (FMLA) 1993, the covered employers must give their employees up to 12 weeks of job-protected unpaid leave for their qualified medical and family reasons once in a year. FMLA is a federal law that gives enough time to employees to take care of their own health or […]
Internet of Things (IoT) As defined by Wikipedia, the Internet of Things (IoT) is the network of physical devices, vehicles, home appliances and other items embedded with electronics, software, sensors, actuators, and connectivity which enables these objects to connect and exchange data. Each thing is uniquely identifiable through its embedded computing system and can inter-operate […]
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, […]
