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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

Demand Surge for Skilled HR professionals! Why?

Demand Surge for Skilled HR professionals! Why?

How to develop capabilities of our existing workforce? What is the most successful formula of succession planning? How to ensure employee engagement and retain millennials? These are some common queries, which are raised daily by leadership and HR professionals in companies across the world. According to HBR, companies could increase 6% productivity and 5% profits […]

Workflow Means ‘Business’!

Workflow Means ‘Business’!

As your business grows, seamless flow of information between multiple stakeholders becomes pivotal. In this situation, you need a well-defined Workflow Management System. Making information available to the right person, at the right time, helps ensure timely decision making. A right workflow management system lets you define, control and regulate all the activities involved in […]

Statutory Compliances in Indian Payroll Management System

Statutory Compliances in Indian Payroll Management System

What is Statutory Compliance? Statutory compliance, in HR, refers to the legal framework within which organizations must operate, in the treatment of their employees. Every country has several hundreds of federal and state labour laws that companies need  to align with. This list is forever being added to. A lot of your company’s effort and […]

Automated HR modules for smooth employee engagement

Automated HR modules for smooth employee engagement

Verchaska is a technology provider focused primarily on delivering software solutions and services that range across the travel industry. At the time, Verchaska used spread sheets to tabulate and manage HR information and deliver services. This which was proving to be inefficient, particularly as the company continued to expand. Verchaska was looking at expanding its […]

Empxtrack Automates & Streamlines Multiple HR Processes for a Technology Provider

Empxtrack Automates & Streamlines Multiple HR Processes for a Technology Provider

The case study is about a technology provider, Verchaska, focusing primarily on delivering software solutions and services that range across the travel industry. Business Problem Verchaska was looking forward to expand its workforce from 40 to 150 people over time, and the company required automated, well-defined HR processes. The existing manual spreadsheet-based process was error-prone […]

Empxtrack Inc. On-Demand Human Capital and Talent Management Software

EmpXtrack is a unique web-based Global HR product that covers all aspects of an employees life cycle in an organization – right from Recruitment, On-boarding, Payroll, Self Services, Performance Management and Training. EmpXtrack provides strategic inputs to the organization through a comprehensive database (HRIS) and also provides Manpower Planning, Succession Planning, Competency Gap Analysis, Compensation […]