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 […]
In today’s global economy, companies prefer appointing employees across various locations based on business needs. Talented and skilled workers can competently meet project deadlines and work towards achieving organizational objectives, even if they are working remotely. Such remote team members not only help in saving business costs but also help increase overall productivity. Use of […]
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 […]
Gallup, through their research found that only 31.5% of U.S. employees and 13% worldwide are actively engaged in their jobs. Lack of engagement and low productivity cost up to $550 billion every year to the employers. People are an important asset to an organization and managers can get the best out of these people by […]
2016 was an exciting year for human resource industry. HR saw major transformations in several HR practices, starting from annual performance reviews to overtime rules, from people analytics to effects of Trump’s administration. All these changing trends kept HR professionals busy throughout the year. We have just stepped into the year 2017. It’s time to […]
2016 has been an unprecedented year in the area of employee performance management. HR leaders are choosing year-long, data driven performance evaluation over employee metrics. Annual appraisals have failed to deliver the desired outcomes and companies no more find them effective. As already stated in one of our previous posts Why U.S. Companies Are Losing […]
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 […]
Getting daily coverage of 2016 U.S. Presidential Election from different forms of media has already created havoc in the HR departments of thousands of organizations. You must be wondering ‘HOW?’ According to a poll conducted by Harris Poll on behalf of American Psychological Association, 52% Americans accepted that Presidential Election has become a significant source […]
Yes, you heard that right! Businesses that do not invest in employee training and development are always a step behind their competitors. Lack of employee development efforts of an employer creates dissatisfaction among workforce and fuel many early exits from an organization. As employing and retaining top talent has become bigger issues in talent management […]
A free of cost HR software trial is a win-win situation for the potential prospects/ clients as well as the business offering it. With a free trial offering, a company can showcase their product features and functionalities, without letting the user pay a single penny. It sounds good… then what is the challenge? Absence of […]
Two months ago, a CEO of a High Growth Mid-sized Organization, announced to conduct an international strategic marketing event to promote their services in all corners of the world. He elected Catherine as the Chief Event Manager for this upcoming event and shared all the important details with her and handed over the necessary documents […]
Recently, a headline highlighted the hacking of more than 68 million Dropbox passwords. This has brought a lot of scrutiny to the security of the cloud-based data storage. The company, Dropbox, has revealed that user IDs and passwords of 68 million users were stolen in a 2012 data breach that took place 4 years ago. […]
What is the first thought that comes to your mind when you think of human resources in start-ups? Is it the absence of an HR department? Or the thought of unwritten HR policies? Or both? Take a moment to think. How would it be, if your company’s CEO was managing the HR functions too? Today, […]
The Rio Olympics 2016 Sports lovers, across the world, had a wonderful time witnessing the spectacular 31st Summer Olympics event. This international sports event, scheduled between 5th to 21st August in Rio de Janeiro, united 10,000 athletes to compete in 28 different sports. Billions of people in more than 200 countries glued themselves to their […]
Think about it. Do you know what will be your organizational goals over the next few years? What kind of skills and employees will be needed to achieve those goals? Are you aware of existing performance gaps in your workforce? Do you have well-defined strategies to fill those gaps? If you do not have answers […]
Employees are the living asset for a successful business, so managing them carefully is an essential step for every business owner. Effective employee management allows business owners to capitalize on their employee’s potential and strengths. Human resource experts believe that employee management is an opportunity to motivate employees and encourage them to achieve work goals. […]
Before you’re stuck in the science behind the Bell Curve performance appraisal, do you really think it is fair to categorize your employees in different boxes designated as ‘top performers’, ‘average performers’ and ‘low-performers’! May or may not. Well, we can help you make a perfect decision on this! Read on. Organizations believing in pay […]
The HR Function Human resource is the backbone for a successful business organization. The HR, in any small or large business organization, is not limited to managing employees’ timesheet, schedulers and payroll or onboarding new hires. An organization with competent and high performing workforce is more capable of increasing ROI. Hence, HR people go an […]
