Navigating Labour Law Compliance Calendar: August 2024 Edition.
Introduction: As we step into August 2024, businesses across India are gearing up to ensure compliance with various labour laws. Understanding and adhering to these regulations are vital not only to avoid legal repercussions but also to foster a healthy work environment. In this article, we’ll delve into the Labour Law Compliance Calendar for August 2024,...
How Can Small Businesses Benefit from Implementing Attendance Software?
Small businesses can significantly benefit from implementing an attendance management system in various ways. Firstly, it streamlines the process of tracking employee hours, reducing the administrative burden on HR staff and minimizing errors associated with manual timekeeping. This leads to more accurate payroll processing, ensuring employees are paid correctly and on...
How to choose the right HRMS for your workforce?
Selecting the right Human Resource Management System (HRMS) for your workforce helps in streamlining the different HR tasks and the company’s overall development. The first process in choosing the right HRMS software is determining your organization’s requirements and goals. These considerations include the number of employees, the level of sophistication of the company,...
Input Tax Credit under GST – Important Points.
Introduction
In the GST regime, Input Tax Credit (ITC) plays a crucial role in avoiding the cascading effect of taxes. ITC refers to the credit of the GST paid on purchases of goods and services which can be used to offset the GST payable on sales. Understanding the eligibility, conditions, and restrictions for availing ITC is essential for businesses to optimize their tax...
When Should a Company Upgrade Its HR Software Management System?
This is appropriately done when the current system in a company’s human resource management is inadequate for the organization. As organizations expand it gets challenging to handle data, the employee’s payment, compensation, and ensure that they meet regulatory requirements. Inadequate and old HR software causes several challenges and hiccups in the organization especially...
Why Is Employee Self-Service Super-Important In SME Businesses?
Employee self service portals (ESS) are a crucial component for small and medium-sized enterprises (SMEs) due to their significant impact on operational efficiency and employee satisfaction. These portals also enable the employees to be self-sufficient as they are able to directly arrange their own personal details and other employment related details including changing...