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All you need to know about Statutory Compliance in India

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  In India, companies spend time and energy to ensure that their payroll system is compliant with legally required laws and regulations. Many companies worry about having to face legal issues related to statutory compliance. Even if an organization does not intend to violate laws still there is a chance of loopholes inside the organization. As the risk of non-compliance increases, companies operating in India need to be updated in statutory compliance in HR in India. Table of Contents What is statutory compliance? What is the significance of Statutory Compliance? The Minimum Wages Act, 1948 Method of the Committee Method of notification The Payment of Bonus Act, 1965 TDS deduction Statutory compliance requirements for ESI funds and PF deductions Professional taxes (PT) Gratuity The Shops and Commercial Establishments Act (1953) Maternity Benefit Act, 1961 The Employees’ State Insurance Act, 1948 What is statutory compliance? The legally defined framework in which any particular organiz
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The Most Important 12 Key Functions of HRM

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 HR departments are responsible for a variety of important tasks, including recruitment, learning and development, and performance management. These are referred to as HRM's core functions (Human Resource Management). If you work in HR or want to work in HR, it's critical that you understand all of these tasks and how they operate together to help your company achieve its objectives. This article will teach you about all of these important HRM functions and how they all work together to help your company prosper. Here's what we'll talk about. Recruitment, which is in charge of ensuring that organizations have a sufficient supply of potential employees, Performance Management, Learning and Development, which ensures that an employee's knowledge, skills, abilities, and characteristics are aligned with business objectives and needs, and many other important factors. So let's get started. What is Human Resources (HR)? Human resources (HR) encompasses all areas
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Good practices for Recruitment

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  Three best practices that can help your   company   effectively attract top talent were established by the experts we consulted with for this article. During the entire recruiting process, it is crucial to encourage consistent communication between recruiters, HR practitioners, hiring managers and job applicants. Effective communication includes publishing accurate work details, reacting quickly to job applicants (whether it’s a yes, a no, or a simple update), and communicating each candidate’s status to all hiring parties. Hum, Sing, Scream, Employee recruiting  is a continuous operation, occurring many times during a company’s lifecycle. As such, to attract and recruit top talent when needed, an employer should brand their hiring process. Mullings suggests that businesses use the Hum, Sing, Shout Approach to stand out from other hiring businesses and attract the kind of candidates they have in mind: ·         Hum: There should be a low "hum" on the market for your recruit
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Online HR Courses in India

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Human Resource Management Training

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What Is Company Culture & Is It Important

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By the word Culture, we mean the amalgamation of knowledge inherited to us from our ancestors or we can say from the environment we grew up. Culture varies from person to person but the ultimate motive is to be in discipline, maintain those rules and regulations to survive in a society. Culture is that system that is shared by a large number of people in the form of knowledge or in the form of a set of rules to lead life happily. It is rightly said that that is education starts at home, and it’s so true. The way we behave with people throughout our life, not only behavior but also our positive attitude towards life begins from our home. Home and family is a place where we get the maximum of the values and teachings which we called Culture in one word. It has an effect on us till we die. Our school life, college life in each and every phase it helps us to grow with all positivity and with respect. In the same way when we reach to our professional life and join any organizatio
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Why a professional training institute is on the rise, irrespective of so many MBA colleges with HR Specialisation

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Human Resource Department  is considered to be the strongest pillar in every organization & acts as a bridge between management and employees.   HR professionals  are responsible for employee training and orientation, assessing employee’s performance, administering employee’s satisfaction, administration of policies relating to compensation, benefits, recruitment of staff, etc. Now for becoming a  Successful HR Professional,  a bachelor’s degree is the minimum level of education required along with certain specialization in HR skills. MBA can be a good option for enhancing your  HR specializations  along with a management degree of 2years. It is one of the most stimulating courses in the management field. In the first year of  MBA in Human Resource  Management, you can learn general management skills like organizational behavior, communication skills, foundations of human resource management, etc. and the advanced courses of HR and its application in the second year. Bu
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