A fair day’s wage for a fair day’s work is an adage that still holds today. All employees from all sectors and walks of life are entitled to a minimum wage. Under the purview of statutory compliance, organizations must pay employees a minimum wage for work carried out. Minimum wage is defined as a non-negotiable…
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The government of India has created a legal framework in the form of statutory compliance requirements. All business organizations having employees must operate within this framework to ensure the welfare of employees and a fair working atmosphere. Companies failing to adhere to such compliance standards and needs will face legal liability and other consequences. Labor…
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A 2016 survey by Optum found that 46% of the Indian workforce suffered from stress. A large percentage of the respondents also had a skewed BMI and risk for hypertension. Furthermore, the WHO found that 56 million Indians suffer from depression, and 38 million suffer from anxiety disorders. Owing to mental health conditions in India,…
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Regular candidate assessment and employee recruitment processes are commonplace in global businesses throughout the year. Apart from this, business organizations are periodically required to meet an unanticipated surge in business or handle bigger projects. Due to this, in addition to their in-house human resource managers, entrepreneurs often feel the need to tie up with reliable…
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As a part of compliance management processes, organizations must ensure that payroll compliance is followed. One of the processes involved in it is that of employee reimbursement. Employee reimbursement is the process of compensating employees for expenses that the employees from their own pockets have handled. This process extends to even customers, clients, shareholders, and third parties…
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HR Services, especially third-party payroll services, have been identified as key factors that allow entrepreneurs and managers to succeed through human assets. Payroll management is gaining increased significance among the multifaceted human resource management aspects. This calls for delegating the HR services to a professional payroll service agency. HR Business Partners – the Fundamentals Experienced and skilled HR…
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A traditional staffing agency helps business organizations in fulfilling their short-term hiring needs. On the other hand, delegating your long-term recruiting process to a professional recruitment process outsourcing (RPO) partner ensures achieving business objectives through a comprehensive recruitment process. A reliable staffing agency operates on a specific requirement basis, assisting businesses to hire temporary and temporary-to-permanent employees. In the…
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Organizations are expected to follow certain guidelines and standards that ensure that they conduct their business activities ethically and look after the well-being and interests of their employees as a part of their statutory compliance. Shops and establishment compliance ensure that shops, cafes, hotels, or any commercial establishment also adhere to a certain set of protocols…
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Before venturing into a new business in India, it is essential that you diligently follow the necessary steps to get your organization properly registered according to governmental regulations and legal requirements. One of the first steps toward establishing your new enterprises is meeting all legal and industry compliance needs. Meeting shop & establishment compliance and other company…
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With so many changes occurring in the global business ecosystem, the payroll process is considered crucial in any growing business. Entrepreneurs have started seeing their employees as their internal customers upon whom the entire business relies. Unlike in the past, mere payment of wages and salaries will not suffice in the modern business arena. Paying…
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