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Employee Life Cycle Management

The employee life cycle is the different stages that an employee goes through during their time in an organization. This Blog gives an overview of employee life cycle management. Recruitment Solutions The first step in employee life cycle management starts before the organization even employs them. Hiring the right people is a very crucial part…

Common Payroll Errors – What You Need to Know

Payroll can either refer to a list of employees that are currently employed in an organization or the amount of money that are paid to the employees. It includes aspects such as attendance, tax returns, HRA, and LTA. However, no system is perfect. Payroll Errors and the Importance of Focus: Payroll Errors happen despite the…

POSH Compliance – Creating Safer Workspaces

POSH: POSH is an acronym for the prevention of sexual harassment. This act was passed in 2013 thanks to the efforts of the Vishakha group who battled for the cause of safer workplaces. Now organizations have systems in place that exist for grievance redressal regarding workplace sexual harassment. The POSH act was published in the…

HR Outsourcing – An Essential Business Strategy

HR outsourcing is one of the essential business strategies of the day. Most business owners agree that their employees are their most valuable assets. Hence most businesses are outsourcing their HR functions. Let us have a look at some of the significant benefits of outsourcing HR functions. Cost Savings Cost savings is one of the…

Consequences of GST Non Compliance

Usually, GST returns comprise of two types of returns – periodic and annual returns. The periodic returns comprise of monthly and quarterly returns, and these are for transactions during the month or the quarter. The annual return is for reporting the summary of the periodic returns filed during a financial year. Annual GST return has…

Importance of Filing your Business Tax Returns

  ITR filing is perhaps one of the most fundamental activities in one’s life now, especially if he/she is a well-placed professional or a businessman. Let’s look at the benefits of filing returns. Saves from prosecution The most significant advantage of income tax return filing is that it helps you to avoid some severe punishment.…

How Non-Compliance Impact SME’s?

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HRMS vs. Personnel Management – An Overview

Human Resource Management system is the most comprehensive and involved HR solution. It includes all the features of HRIS and HCM systems. This is used widely in all corporate sectors. Let us have a look at some of the critical features of both HRMS and Personnel Management. HRMS – In simple terms, it is a combination…

CSR Compliance – What you should know about CSR Rules & Non-Compliance?

What is CSR (Corporate Social Responsibility)? Any industry or business changes environments, societies, or communities. They provide livelihoods, raise living standards, and contribute to the GDP of a nation. Corporate Social Responsibility (CSR) is an initiative or a model where organizations become socially accountable. These are initiatives focused on improving the state of society. CSR…