Category: Uncategorized

Under the Environmental Responsibility of the Corporates, it is expected to operate in amanner that protects the environment. Going beyond business activities and taking careofthe environment can bring business benefits. Now corporate companies have realised thatbusiness activity in an environmentally responsible way is not only a legal duty but also aresponsibility. Over the past few years, even shareholders increasingly require corporateorganisations to become more environmentally aware and responsible. CSR activities ofcorporate organisations affect their bottom line and the long-term success of their business.The environmental aspect of Corporate Social Responsibility has been debated over thepast few decades and it’s a matter of every business house. Governments too on their parthave maintained the principle of environmental responsibility for ensuring environmentalconservation and management as well. A concept of “earth jurisprudence” was introduced, which…

The Maternity benefits in India is monitored under the Maternity Benefit Act, 1961 (for non-ESI employees) & Employees’ State Insurance Act, 1948, as per these Act applicability tothe Establishments, Factories and other organisations. Employers are required to informwomen employees about the maternity benefits available under the Maternity Benefit Act ontheir joining their organisation. The law allows women employees to work from home inaddition to the maternity benefit period if the nature of work allows that. In a move to supportwomen employees during pregnancy and after childbirth, Indian law makes it mandatory forthe applicable establishments to offer due maternity benefits to women employees. The birth of a child marks a major step in the life of a woman. Over the years, little has beendone to provide women employees support by providing…

Outsourcing business activities has been a popular strategy for quite some time now. With the increasing rate of outsourcing, it is quite obvious that the strategy is here to stay. Businesses outsource services like IT, accounting, and even HR and use this time to focus on innovating new strategies, winning customers, and taking care of their employees.  HR professionals are expected to provide a hassle-free employee experience. It’s often easier to ignore the human resources side of the business, especially when things are flowing smoothly. An organisation’s human resource department plays a significant role in employee payroll, tax filing, and health administration. Also, the human resource department also takes care of legal compliance, maintains files and supervises training. These days, most businesses prefer to outsource their HR services as they…

People Analytics People analytics is defined as the deeply data-driven and goal-focused method of studying all people processes, functions, challenges, and opportunities at work to elevate these systems and achieve sustainable business success. Increasing job offer acceptance rates, reducing HR help tickets, and optimising compensation are just a few ways in which people analytics is quickly becoming the new aspect of HR.  People analytics is essentially, gathering and assessing people, leading to better decision-making through the application of statistics and other data interpretation techniques. Smarter, more strategic, and data-backed talent decisions are thus closer at hand, and this is applicable throughout the employee lifecycle – from making better hiring decisions and more effective performance management to better retention. People analytics has evolved considerably from when it was first used in…

The human resources department oversees the administrative functions within any organisation. This department is entrusted with the responsibility to manage payroll and benefit administration, recruitment and employee relations. The HR Team  acts as a liaison between workers and management. The department also maintains relationships between employers and labour unions. When it comes to delegating tasks and developing roles in a firm, the human resource (HR) department and the guidance of an HR professional is a must. Most companies either employ a small team dedicated to HR or have one individual to keep its elements running smoothly. Other businesses outsource the HR model and have an expert who deals with employee issues when they arise. In other cases, a business may designate a staff to handle HR duties in addition to…

The payroll of any employee begins as soon as one  joins as an  employee in any company and is monitored in a specific method such that it is a win-win to both  the organization and employee. On roll and Off roll are the two common types of payroll models under which any employee gets remunerated. While an On-roll payroll is the regular payroll process under which  employees get paid on a regular interval and receive a fixed amount of remuneration in exchange for the services. An employee under  On roll is eligible for employee benefits such as EPF, Medicare, allowances, performance bonuses, incentives etc. as they work directly with the company and they come under the company policy. While, an off- roll employee works on a contractual basis and it…

Companies use different processes to find and recruit  employees depending on the position the company is trying to fill. Headhunting and recruiting are two processes that a company would follow to source the right fit. Understanding the differences and how each process follows a pattern would help one to understand the selection and hiring process for a career. Let’s discuss head hunting and understand the main differences between this and recruiting candidates. What is headhunting? Headhunting is described as the process of finding the best possible candidate for a position within the organization. Few companies use this strategy to recruit executive positions, or the head roles of the company, such as chief executive officer. A headhunter is a professional recruiter who finds highly qualified individuals to fill up vacant roles…

Legal compliance is the process or procedure to ensure that an organization follows relevant laws, regulations and business rules right form the stage of incorporation followed by production, from inventory management to supply chain regularization, from availing loan, funding, investment to creating a repayment track, from customer enquiry to customer redressal and so on. In simple terms - Compliance is a batch of processes an organisation facilitates to ensure that employees and the organisation abide by a set of rules of conduct as well as external rules and regulations. It may include the organization's written values, its policy, the employee code of conduct, and policies for complying with legal obligations like taxes, corporate reporting. Why compliance is important ? An organization, in everyday business has  transactions with clients, vendors,  customers…

A chief financial officer is trusted with the top financial position in any organisation. They areresponsible for tracking cash and fund flow, financial planning and analysing the company’sfinancial strengths and weaknesses and to propose strategic directions for the growth of anyorganisation. The CFO’s role is to oversee the organisation’s complete financial activities, including beingresponsible for the finance and accounting department, and serve a strategic advisory role tothe CEO. Meeting goals and keeping cash flow stable are clearly under the CFO’s direction. CFO alsoadvises department heads across the organisation, assisting them in both maximisingrevenues, reducing costs and playing a pivotal role in revenue-generating capacity, andcontrolling expenses or employee satisfaction or the company’s reputation. CFO's Focus on ensuring a strong return on investment (ROI) for their organisations. ROI isa measure of the…