A business organisation’s biggest asset is its manpower. The human resource is the pillar upon which a business organisation lays its foundation. HR Outsourcing Performance The growth rate of any business depends directly on the performance of its employees. Simply put, efficiently performing employees make an efficiently functioning company. Given the importance of the human…

For the HR individuals, it implies understanding the consequences of recent human resource planning and management changes and trends.

The sudden outbreak of Covid-19 in the year 2020 has brought about a paradigm shift in the functioning of organizations across the globe. The companies and organizations today are facing this immense challenge of adjusting their workforce to work from home.  The concept of physically attending office is soon to disappear and the work from…

Before the onset of the era of globalization, liberalization and privatization (LPG), the Human Resources Department (HRD) used to function in a customary and traditional manner. The role of the HR was simply restricted to job postings, screening of candidates, sending them letter of intent and finally, the recruitment of the candidates. However, after the…

In this highly uncertain and unpredictable environment, organizations are finding it extremely difficult to keep their employees motivated and that too remotely. Employees differ by nature and also in their ability to perform a specific task. This ‘will’ do so is defined as motivation. The stronger is the will of an employee to perform; the…

Have you ever wondered why during your school days, your class teacher happened to recognise you in front of the entire class? It was because the good marks you scored placed you an edge above the other students in the class. Similarly, organizations today are recognising the hard work, risk-taking capacity and deadline completion –…

Introduction Payroll isn’t just an essential business function but the fuel which keeps the morale and confidence of an employee running when administered well. A faulty payroll system will give rise to disappointed employees and shattered workplace setting which are noxious for the growth of your business. So why risk it? Learning the art of…

Introduction The culture of a company is an intangible asset of an organisation which helps guide the way how an employee feels about the work they do and the values they religiously follow. It is counted as a major deciding factor when it comes to choosing a company to work for. When an organisation values…

Introduction You might be aware of cyber crimes and how different types of malicious software can place some or all of your company’s precious pieces of information at stake. A dramatic increase in the cyberattacks targeting the payroll departments and payroll services of companies have been witnessed since 2017. A forewarning by the FBI’s Internet…

Introduction The COVID-19 chapter has indeed transformed the way India works. The Work-from-home practice which was enforced on Indian Inc. in compliance with the safety measures issued by the government during the lockdown phase has turned out to reap unknown benefits for many companies, which is why a lot of them have decided to add…

INTRODUCTION A few years earlier from today, the matter of ghost employees costing the exchequer some megabucks of Rs. 1.5 crores during 2016-17, horrified the entire Department of Indian Railways, which then comprised a workforce of 13 lakh people, taking a heavy toll on the railway board. This led to the initiation of the validation…

INTRODUCTION So, when you are starting small, managing your money efficiently is what keeps running at the back of your mind, and rightly so. However, no matter how small or big as a business you are, size is not a deciding factor when it comes to compensating your employees. Keeping your workforce revitalized throughout their…

INTRODUCTION In today’s highly competitive world, where every company, big or small is vying for a place in the world of trade, subtle economic alchemy can help you achieve your goal. The abrupt entry of COVID in our lives have triggered the need to remodel the outworn payroll system operations of our businesses with services…

India has been one of the fastest-growing economies of the world, ranking 5th with a nominal GDP of $2.94 trillion, as per IMF’s World Economic Outlook Database, October 2019. The service sector contributes more than 60% to its economy, following this is the  manufacturing sector, reckoning to gain a larger driving force with PM’s envisioning…

COVID-19 has indeed left the entire economy paralysed and in these tough times, when companies are facing a cash crunch, cost-cutting has become inevitable. Talking about the last few months, organisation’s are really down on their luck, running low on cash and being hit hard on the revenues. So in such adversity, management could think…

Payroll management is one of the most complex functions in an organization. It is also just as significant as sales or customer service. Be it your reward policy, compensation system, or retention strategy, your payroll department is responsible for ensuring that these frameworks are in line with laws. There are tons of tax rules, codes,…

2020 has been a grotesque year in the history of mankind posing a huge challenge to everyone including the corporate fraternity. In alliance with the new normal, working from home for the safety of employees began materialising, a lot of standard practices following a conventional approach got disrupted and has been flagged up as a…

The shockwaves sent off by the COVID-19 havoc have been very intense and in these heavy seas of economic turmoil, many businesses seemed to capsize terribly. The long-held myths of successful business continuity with the traditional approach began to evaporate in the wake of the pandemic. As a result, companies have started mobilising to a…

Covid-19 pandemic will be remembered in the future for 2 main reasons. 1) it has made us understand how vulnerable we are to viruses and bacteria. Despite sending our rockets to the moon and mars, despite our super-fast cars, we are unable to protect ourselves against a virus mutation. 2) Covid-19 pandemic has brought fundamental…

Outsourcing your payroll function can save you time and money. It can also get you error free work and reports can be easily generated. However, choosing a payroll service provider requires research and some due diligence. There are a few things you need to understand before choosing a payroll system. How much money do you…

Salary management in a business is an ingredient demanding paramount importance. It is a complex process of managing the financial records of the employees by dealing with an assortment of affairs viz handling salaries, incentives, bonuses, deductions and net payouts. Traditionally, companies used to get their payroll services done by the Accounts department, but the…

Outsourcing your payroll processes can help you do away with the meticulous nerve-wracking ordeal that comes with administering the pay of your employees. What do the payroll service providers offer? Leave Management: Smart and flexible leave policies with easy tracking mechanism tailored as per your needs. The appealing calendar looks serve as the blueprint of…