Blog
TalentPro’s Human Resources blog is a knowledge portal where we discuss the latest and best practices related to the Human Resources Industry. The portal educates the reader in various areas of interest such as Payroll, Compliances, Staffing, Human Resource Management Services (HRMS), Recruiting, etc.
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How Payroll Outsourcing Can Help Your Organization Stay Compliant and Ethical
Processing an organization’s payroll is a time consuming and tedious task. It can potentially take away resources and efforts of an organization that could be directed elsewhere towards its growth. According to Tholons Top 50 Digital Nations and A. T.…
What needs to be known about Compliance in 2021
Every year is a year different, and 2021 is no different from the previous year when we talk of changes in HR. Compliance will see some significant changes in 2021 in terms of its implementation in the coming year. Statutory…
Key Benefits of Payroll Compliance
Payroll is a very vital component of any business organization. To run a business successfully, it is necessary to ensure total payroll & tax compliance, the lack of which may draw a penalty from legal authorities. It should be remembered that…
Implementing Statutory Compliance with 5 Simple Steps
Any organization is only as good as the synergy between its employees and the higher-ups. For this synergy to deliver on effectiveness, two crucial elements are necessary: corporate governance and compliance. Corporate Governance Corporate Governance implies to a system of rules, practices,…
5 Things Everyone Gets Wrong About Compliance
Compliance is a very basic and fundamental part of any business. Today every business, big or small, must adhere to a set of compliances, and corporate are taking steps to make sure that they get everything right when it comes…
Effective Statutory Compliance Strategies for HR in the Manufacturing Sector
The manufacturing industry in India is an integral part of its economy. According to the World Bank’s statistics, manufacturing was responsible for 13.72% of India’s GDP in 2019. Given that manufacturing is responsible for a substantial chunk of India’s GDP,…
How Risk is Non –compliance to your Business
Compliance is a safety net for any organization. The practice of adhering to rules and regulations, and standards that have been set forth by governing bodies is called compliance. Staying compliant with standards and codes however is no easy task. It is an ongoing continuous process that has to be constantly revisited and reassessed periodically. Compliance is of 3 basic types: Regulatory Compliance: Compliance with rules that have been set by…
Get to know the legal requirement for starting a Business
Starting a business can be challenging and intimidating for new investors and heads. Ensuring that all mechanisms are in place by the time work gets underway is an essential task that upper management must take care of. In order to ensure that a business runs smoothly, statutory compliance and other tasks must be fulfilled. Structuring a company Structuring a company is the first and foremost task that must be attended to.…
How to Mitigate Compliance Risk Factors
In today’s business world of cut throat competition, it is very required from the corporates that they follow certain principles that will help them to mitigate the compliance risks. Compliance is defined as the outcome for adhering to the Government rules. Compliance Risk can involve legal and financial consequences for failing to act according to certain established regulations required for running of a business. Statutory Compliance in India is a…
Implementing Statutory Compliance in 5 Easy Steps
Statutory compliance refers to an organization’s adherence to laws passed by a local, state, or central government. The practices taken up by employees to adhere to these regulations and codes and the management of those practices by higher-ups is called statutory compliance management. Most organizations avoid compliance failure by investing in statutory compliance services, third-party concerns that assess compliance risks and threats in an organization. Findings by a survey by TaxMantra…
Why HR Compliance is more Important for SME’s
After a break in business activities due to Covid -19, the businesses are finally trying to get back on their feet. In the changed situation, there has been a lot of paradigm shift in the way to do business. HR Compliance services play a major role in most businesses’ success, especially so for the SMEs. The small and medium enterprises sector consists of many sections such as manufacturing, infrastructure, food processing,…
How Statutory Compliance can Contribute to an Exponential Growth of the Business
It goes without saying that employees and people are what drive organizations forward. The growth and performance of an organization is entirely dependent on the performance and well-being of its employees. The CoVID-19 pandemic, however, disrupted businesses and the way employees are taken care of. This highlights the importance of statutory compliance in the workplace. Statutory Compliance Checklist Statutory compliance refers to the practice of an organization’s compliance of rules or…
