Top 7 HR Challenges In 2018

Top 7 HR Challenges In 2018

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 […]

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 […]

How Technology helps in Making HR a Strategic Partner

How Technology helps in Making HR a Strategic Partner

Changing Role of HR Long gone are the days when HR used to merely manage administrative tasks and play a supporting role in the business. Over the past few years, HR has transformed itself into a most valuable asset to the organization. It has increased its credibility by participating in strategic business functions and sharing […]

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 […]

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 […]

What is payroll and how payroll calculations are done?

What is payroll and how payroll calculations are done?

Through this blog let us explore what is payroll and methods of the payroll calculation. Payroll processing consist of calculation of payments to employees for their work in the company – whether it is based on time or productivity, calculation of benefits, and statutory deductions. Payroll needs to be processed by each company periodically. It […]

Rules to Calculate Employee & Employer Contribution for ESI and PF Deduction

Rules to Calculate Employee & Employer Contribution for ESI and PF Deduction

Employees’ State Insurance Scheme ESI scheme is a contributory fund that enables Indian employees to take advantage of self-financing and healthcare insurance fund contributed by the employee and the employer. The scheme is managed by Employees’ State Insurance Corporation which is a self- financing social security and labor welfare organization. It administers and regulates ESI […]

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 […]

Importance of HR Data for a CEO

Importance of HR Data for a CEO

I used to believe that employee data were useful for HR departments only since it was responsible for employee development and management activities. The CFO and CEO were only interested in metrics such as cost of hire, total compensation, cost for training, etc. which were more oriented towards financial goals and treated employee functions as […]