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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Challenges faced in handling a Company’s Compliance nowadays
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…
Taxation in 2020 – All That You Need to Know
Tax is an essential exercise in any nation. The wealth collected from taxation is used in activities that enhance the interests of a nation such as defense, social welfare programs, infrastructure, and so on. India is no exception to this…
Reducing your Workload with Third-Party Compliance Management
Compliance Management Compliance Management refers to managerial practices where all dealings and activities are monitored carefully by companies and organizations. This is done to ensure that they meet a set of requirements, codes, or standards. Failure to meet those imposed…
A Primer to Payroll Taxes
Payroll Taxes are taxes that are deducted from an employee’s salary by an employer. Payroll taxes are usually a small percentage that is deducted from an employee’s salary. These taxes are used for various purposes and to cover programs such…
Payroll Statutory Compliance – The Factors that Drive It
Payroll is a process central to any organization. It directly affects how an organization does business, how it treats its employees, its growth, and several other ways. Payroll may refer to not just the list of employees and their records…
The Compliance Calendar: A Guide to Crucial Dates for HR Managers
The new year is fast approaching, and with it come afresh set of tasks and challenges. Below are some important dates to be taken note. These dates are as per Labour Law Compliance in India and are consistent across all…
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, development in this sector becomes essential. Manufacturing industries involve a lot of human resources and potential in the form of its many labourers, employees, and workers. Therefore, it becomes essential…
Is Technology Making Statutory Compliance Better or Worse?
The landscape of business is undergoing a rapid transformation. The current global situation has also been responsible for quick changes in the way organizations do business. Organizations have quickly adapted to newer technologies that can help various aspects of their organization function better. An area that requires looking into is the application of technology in the field of compliance in organizations. Compliance Compliance is a major aspect of how organizations…
7 Reasons You Can’t Ignore Compliance
Statutory compliance refers to the process where companies adhere to a set of requisite laws and regulations by the regulatory body or entity. Compliance is monitored either by a governmental agency or an independent concern within a particular sector. These entities oversee practices and policies that companies follow while conducting business. The initiatives taken by organizations to adhere to these rules and regulations are known as statutory compliance management. Read more:…
HR Compliance for SMEs During the Pandemic
The CoVID-19 crisis has thrown businesses into disarray. Given that different locations have different regulations, HR managers have faced many challenges, including compliance. One of the ways HR managers have managed to deal with compliance-related issues is using HR compliance services. Seven state governments and the Central Government of India have invoked powers and provisions under The Epidemics Act, 1897, in anticipation of issues that may arise because of lockdowns,…
Compliance During the Lockdown – What You Need to Know
India has not been affected by the CoVID-19 crisis, and the subsequent lockdown would be nothing more than an understatement. Lives have been thrown into disarray. However, organizations have been proactive in finding ways to make sure their processes run as smoothly as possible. Organizations have still, to an extent, maintained the quality of their work, with their employees working from the comfort and safety of their own homes. However,…
Income Tax Slabs 2020-India
Income Tax Slabs 2020 India Let’s take a quick brush-up of the Income Tax Slabs 2020 in India & explore how the income tax slabs, surcharges, and deduction limits have changed over the past nine years.
