The central government, following the announcement of PAN 2.0, is now gearing up to introduce EPFO 3.0, an upgraded plan with enhanced features for subscribers. As per an exclusive report, the Employees’ Provident Fund Organisation (EPFO) is considering removing the 12% cap on employee contributions to the Provident Fund (PF). This change would allow subscribers…
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Is it time to revive your HR efforts? Don’t start from scratch when you can follow proven HR best practices. Every organization’s HR department tailor’s programs best fit their own needs. Even with those adjustments, there remain certain core HR best practices to use as guideposts for effective policies and engaged employees. Below, we have put together…
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From campus to corporate life is a journey filled with growth, self-discovery, and chances to shape a fulfilling career. Yes, it all begins with change of place from study place to workplace, followed by a change of routine, as professional routine is relatively more demanding in different ways. What is Campus to Corporate training? Campus to Corporate training is…
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We’ve all heard the saying, “employees are a company’s greatest asset.” If that’s truly the case, then it only makes sense to prioritize their well-being and development. Preserving your assets is important, but enhancing the employee value is even better. The same applies to employees in your organization—by investing in them, you can simulate growth…
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The recruitment industry is grappling with a persistent talent storage. Finding the talent people and retaining them for the long term has become a significant challenge. Traditional recruitment practices, often intuition based and reactive, have contributed to this problem. These methods frequently lead to hiring mismatches and unconscious biases. To address these issues,360-degree recruitment…
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Accrued payroll is a major accounting concept that enables a company to properly account for the obligation it has incurred with its employees. This ensures the correct accounting of employee’s wages and benefits within the incurred period, even if the actual payment occurs in a subsequent period. In this regard, an understanding of accrued payroll…
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A big part of payroll management in an organization is to make sure to comply with tax laws, compensation requirements, and employment regulations. But apart from these, payroll compliance meets on various other crucial aspects, such as following the deadlines for reporting and submitting and withholding the payroll taxes or making payroll compliant. Ensuring payroll compliance is…
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As the HR manager of a fast-growing technology startup, you are facing challenges arising from rapid expansion. You have gone from 10 employees to 50 staff in one year, and while these changes are exciting, the challenges are beginning to present. Your team feels burnt out, turnover is on the rise, and recruiting new employees…
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Unified Pension Scheme (UPS): Eligibility, Benefits & Returns The Central Government introduced the Unified Pension Scheme (UPS) on August 24, 2024. Set to be implemented from April 1, 2025, the UPS is expected to benefit 2.3 million Central Government employees. Here is everything you need to know about the UPS, including its details, benefits, and…
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List of Statutory Compliance in India Statutory compliance refers to the legal framework that organizations must adhere to while dealing with their employees. In India, these laws are established by various acts and cover a wide range of areas including labour laws, tax laws, and health and safety regulations. Here is a comprehensive list of…
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