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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HR and the Banking Industry in 2020
[vc_row][vc_column][vc_column_text]2020 is here, and the banking and insurance industry will be looking at effectively tackling challenges during the year. As marketplaces are becoming more competitive, here are some of the key challenges that HR professionals in the banking and insurance…
The 2020 Budget – What it Means for Your Payroll
[vc_row][vc_column][vc_column_text]The union budget was presented on the 1st of February 2020 by the finance minister Nirmala Sitharaman. According to several prominent economists, Sitharaman’s budget focuses on long-term growth economists. Another key highlight is that the government has introduced an optional…
How will automation take over the HR Industry?
[vc_row][vc_column][vc_column_text]In this age of automation, every aspect of the corporate world is getting affected, and so is the function of HR. AI is being used to automate HR services, and it is creating positive effects on the HR industry. Though it is…
Taxation in 2020 – All That You Need to Know
[vc_row][vc_column][vc_column_text]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…
AI and the Future of Hiring
[vc_row][vc_column][vc_column_text]Artificial intelligence becoming an integral part of the world’s marketplace and, indeed, day to day life as well. Businesses have taken to adopting AI in most of their processes to streamline them and focus on other areas for improvement. Cognilytica’s…
How to do effective payroll management in startups?
[vc_row][vc_column][vc_column_text]In the present day system, startups are an essential part and parcel of the economic system, and eventually, Payroll has a vital role to play. There is a lot of Payroll Outsourcing Companies in India, and startups generally look towards these companies…
How Payroll Management varies for different sectors
[vc_row][vc_column][vc_column_text]Payroll is a very strategic aspect of any business organization, and as such, every industry sector lays great emphasis on its successful implementation. Payroll processing services is a very strategic corporate function these days. Every business, big or small, needs payroll. These days there are some of the best payroll vendors that are available in the market that can work across many industry verticals to provide a good payroll management system as…
Preparing the Workforce for the End of the Financial Year
[vc_row][vc_column][vc_column_text] 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 starts from April 1st and ends on March 31st of the next year. In…
2030 and the Future of the Labour Market
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 Gained: What the Future of Work Will Mean for Jobs, Skills, And Wages.’ The report…
Why is a good workplace culture important?
[vc_row][vc_column][vc_column_text]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 its brand value. We still believe that these two elements are sufficient to attract the…
Payroll difficulties faced today in India
[vc_row][vc_column][vc_column_text]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 numerous complicated calculations and rules to state-level laws, there are plenty of things to be…
Challenges faced in handling a Company’s Compliance nowadays
[vc_row][vc_column][vc_column_text]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 laws and regulations, certain parameters such as labour law compliance and statutory compliance management are of immense importance to the businesses…
