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7 Key HR Lessons SME Businesses Can Learn From Corporates
Address Current and Permanent
Current address refers to the physical location where an employee currently resides while permanent address refers to their long-term or permanent residence.
The current address may change frequently due to employee relocation or other personal reasons, whereas the permanent address is typically considered more stable.
It is important to maintain accurate and up-to-date information about both current and permanent addresses for several reasons. For instance, current address information is essential for payroll processing, benefits administration, and communication with employees.
On the other hand, the permanent address is useful for planning company events that require mailing invitations or sending gifts.
Ensuring accuracy of both types of addresses in the employee master can also be helpful in emergency situations where it might be necessary to contact family members in case of an accident or illness.
As with all personal data collected by companies, it’s important to ensure that any collection and storage of addresses comply with applicable laws and regulations governing data privacy.
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7 Key HR Lessons SME Businesses Can Learn From Corporates