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.
10 Important Compliance Issues that an HR Must be Aware Of
HR is a very strategic department in any organization. Legal compliance has a considerable role to play in the functioning of HR. Every HR professional must be aware of the legal modules under which he has to function. Violating Legal compliance may attract punishment for the organization from the government. As one goes up the ladder in the HR profession, knowledge about legal compliance becomes very necessary. Let’s say that…
CLRA Compliance- Its Role in Fair Business
CLRA Compliance: CLRA compliance stands for the Contract Labour Regulation Act and Abolition act. It was passed in 1970 to raise the standard of working conditions and prevent exploitation of employees. The CLRA Actapplies to establishments or organizations that employ twenty or more people. These people must be employed on any day of the last twelve months as paid workers or employees. The act concerns the principal employer of the organization…
Payroll Compliance – An Ultimate Guide
Payroll Compliance is defined as the set of processes that go into the generation of payroll and other related procedures. It is the effective calculation and distribution of funds and following of related compliances. It is a must for all businesses. It ensures that all employees are treated and compensated fairly by management. Company’s managers and concerns that deal with payroll must be proficient in related laws and regulations. To…
Corporate Governance – Its Role in Effective Business
The Need for Corporate Governance: Corporate governance exists as a framework for the workings of an organization. One of the main ways that corporate governance helps organizations is that it takes care of conflicts of interests within an organization and aligns everyone’s goals and interests to work for the betterment of the organization. It also clearly states the rights and responsibilities of those involved in the day to day…
Compliance Audit – A Must for Businesses
What are Audits and Compliance? Compliance refers to a company’s conforming to a set of rules, regulations, and standards. They are usually set forth by one or more governing bodies. This is to ensure fair business practices and transparency. There are benefits like avoiding legal or criminal charges, higher productivity, and better public perception. Many companies have taken to adopting compliance as a growth strategy as well. In order to…
Compliance Failure – A Big Mistake
Be it a play school, college, or a business; there are rules and regulations. The other word is compliances. As a parent, student, entrepreneur, or an organisation, the essential term or condition is that you need to comply with compliances. There are compliance requirements for companies in India that are not negotiable. Failure to comply is the biggest mistake anyone makes, and by not adhering to the law of the…
