OKR vs EFQM: Find out which is better for your organization

After all management is not that easy  Hey its the goalsetting day and we understand youre probably getting hit left and right with requirements aspirations visions and much more Its not only vital to set goals but also important to manage them effectively to get the desired results There

11 min read
HRMS guide
HRMS: An Enhanced Way to Manage your Human Resources

As the number of employees in the company keep increasing the challenge of managing this large workforce becomes difficult and frustrating Sensitive workforce records lie scattered across various folders and documents making integration and data management more of a manual operation This can also

12 min read
Salary structure
All you need to know about Salary Structure in India

Salary structure in Indian payroll is a ceaseless process Activities in Payroll Management are never marked as done Every month the same set of tasks come in front of the screen and again the same obstacles are encountered However organizations are now shifting to cloudbased payroll management softw

12 min read
Pre Payroll activities
What are Pre-Payroll activities? A detailed overview

Payroll Processing is a predestined set of tasks in an organization Employee compensation payments and other expenses play a major role in work culture while running a company An accurate Payroll Management system is proof that the workflow of the company is smooth and efficient Employees are consid

9 min read
Taxable, partial taxable, non-taxable elements
Taxable, Non-taxable and Partially Taxable elements of salary

As per the Payroll Processing in India in addition to the basic salary there are various other salary components such as taxable benefits offered by employers to employees Moreover these different components have different tax implications Under the IT Act of in Payroll Processing taxable benefi

12 min read
Excel vs Software for Payroll
Running Payroll – Excel versus Software. Which is better?

ExcelSpreadsheets are incredible tools when utilized for the correct purpose Be that as it may organizations face many issues when they expand the utilization of excelspreadsheets far beyond its capacity for example managing the complete payroll process Payroll is not just computing paycheques and s

10 min read
Gathering Leave and attendance data
Gathering Leave and attendance data | Data requirements to run payroll in India

The entire payroll process is an avalanche loaded with tasks Each step has to be accurate HR and payroll walk together in any organization HR being the only centralized department connected to all other departments payroll becomes a significant responsibility The payroll process revolves around calc

11 min read
Understanding Tax
Understanding Income Tax – A Detailed Guide

Under Section of the Income Tax Act every employer who is paying a salary income to his employee is required to deduct TDS from the salary income if it exceeds the basic exemption limit This deduction is based on the estimate of the income that will be earned in the particular financial year and th

11 min read
Data validation
Data Validation! Gaze before you leap | Pre-Payroll Activities

As an extremely highvolume business activity payroll is a department where delays corrections and reprocessing incidents are all too common however risky to encounter Payroll is straightaway related to the compensation of all the employees of an organization A blunder in any employees salary calcula

8 min read
understanding payments & deductions
Understanding Payments and Deductions | Gathering data to run Payroll

The entire payroll cycle has three segments or stages prepayroll Activities payroll and postpayroll activities The prepayroll is most significant on the grounds as it builds up the data which gets moved to the next step that is actual payroll processing The prepayroll activities are the base of the

10 min read
statutory compliance in India
All you need to know about Statutory Compliances in India

In India organizations invest time and efforts to rest assured that the companys payroll is compliant as per the required proper laws and regulations Organizations often worry about facing legal problems related to statutory compliances Regardless of whether an organization doesnt have any intention

10 min read
Actual payroll process
Core components of Payroll | The Actual Payroll Process

Payroll is a financial record of compensation paid to an employee as salaries wages bonus or deduction It is given for the work done during a particular period of time Payroll processing is referred to as the administration of an employees financial records as well as involves tedious routine work

9 min read

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