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Human Capital Management (HCM): Purpose, Functions & Impact

People are our great asset Said every CEO ever Human capital is one of the greatest assets in the world and when managed correctly can bore outstanding results On the same note organizations that value their employees usually reach their goals faster and more efficiently When a company or

25 min read
Compensation management
Compensation Management: A Comprehensive Guide for HR Professionals

You have a company You want to grow You want to get richer But you cant do this on your own So you decide to hire some people who can help you out What kind of people do you want Like any other business ownerteam leader you want the best But heres the challenge there are very few people who c

14 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 payroll management software solutio

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

8 min read
taxable, partial taxable, non-taxable elements
Taxable, Non-taxable and Partially Taxable Components of Salary in India

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 processing software Payroll is not just computing payc

10 min read
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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
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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

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