The financial year is a standard one-year time period during which business is conducted. Organizations will have to submit balance sheets and income statements and other financial records to the government of India. The date with which the financial year starts differs from country to country. In India, the financial year or the fiscal year…
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The world’s marketplaces are constantly evolving and it remains to be seen what is in store for the way business and work is conducted. Organizations are beginning to adopt newer practices and trends to stay ahead of their competitors. Key Statistics for the Future Mckinsey, in November 2017, published a report titled ‘Jobs Lost, Jobs…
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For a business to flourish and realize its aims, the foremost requirement is that of a good workplace. Good workplace culture is very important not only for an employee but for the employer as well. When we talk about the right places to work, we take into account the compensation paid by the company and…
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Payroll is a very important and strategic part of the HR function as it requires great skills and attention while processing; hence there are certain difficulties associated with payroll. As India has gained prominence in international business, there are also complicated tax and social laws that hold out a challenge to the payroll departments. From…
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Businesses face numerous issues every day and every year related to compliance that may impact their businesses severely. The cause of these issues is very stressful, especially for small businesses. In today’s world of cut-throat business competition, every business gives foremost importance to compliance solutions. To be frank enough, in today’s ever-changing landscape of HR…
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The HR outsourcing industry is an ever-evolving field, constantly adapting newer practices and technologies to keep up with the needs, demands, and fluctuations in the market. 2020 is here, and organizations are rushing to adopt more new policies and trends that could become major catalysts for their growth in the months to come. HR trends…
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Payroll outsourcing has become a practice that most companies are beginning to follow to handle the demands of extremely competitive marketplaces. Some of the reasons why you should consider switching to payroll outsourcing. Read more: (Essential Payroll Checklist for Every Pay Cycle in India 2025) Time – Outsourcing to HR payroll services takes considerably less time…
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Technology is having a major impact on many aspects of the industry verticals and so also on the recruitment process, which has undergone a sea change with the advent of the latest technology in HR. Today almost everything has changed as compared to the time some 20-30 years back. Workplaces have undergone a sea change…
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Textiles is a very major industrial sector in the Indian Economic arena. As a vast industry with a large workforce, it is natural to have HR challenges, some of which may be critical. Indian Textile industry employs the highest number of people after agriculture. It contributes 14 percent to industrial production. Overcoming the HR challenges…
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These days most of the businesses in India find it comfortable in outsourcing payroll processing services to different third-party payroll vendors. Let’s consider some of the important things in choosing the best payroll company. As the economy in India grows to new heights, and business gets more and more organized, the need for payroll outsourcing…
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