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Young employees often get confused between different salary terms. It is important to understand these concepts when joining a new company. We will clarify these terms and provide an example of take-home salary calculation to help you understand salary structures.
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We often wonder why business owners don’t invest in payroll software. Even when they know that a payroll system automates complex calculations and reduces the risk of human error.
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Ask any business owner in private, and they will agree: payroll generation is a headache. And we are not talking about generating funds for salaries every month. Even payroll processing is a complex and lengthy process.
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Payroll processing refers to the series of steps an organization undertakes to calculate and distribute wages or salaries to its employees. This includes: determining how much each employee earns, and also managing various deductions (such as taxes and benefits) before arriving at their final take-home pay.
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Payroll generation is an integral part of any business, but it can often be a time-consuming and complex process. We see payroll managers struggling every month, coordinating between accounts departments, HR managers, line managers. We see them losing their mind over calculations of salaries, uploading Excel sheets and many other mundane tasks.
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In today’s fast-paced and technology-driven world, automating HR processes has become a necessity for organisations. It saves time and reduces errors. And also enables HR professionals to focus on more strategic tasks, such as talent acquisition and development.
But many SME business owners remain in a dilemma, should they go for HR automation or not?
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What Is Data-Driven HR?
Human resources have undergone a significant transformation in recent years. No longer is it solely focused on hiring and firing employees. It has evolved into a strategic function that can drive business success. One crucial tool that HR can leverage to achieve this is data.
This has become more and more affordable as HR tools like HRMS software capture a large amount of relevant HR data. This is a goldmine for business owners, with a data-driven HR approach.
Data-driven HR means using data analytics to make informed decisions about workforce management. In other words, it’s all about using data to inform and guide the HR function.
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What Is Employee Onboarding?
Employee onboarding is a crucial process that introduces new employees to the company and its work culture. It is an orientation program designed to provide essential information to new hires regarding the company’s mission, vision, and values.
This process typically occurs during the initial stages of employment, and is a critical part of the training and development program for organisations.
The aim of employee onboarding is to ease the transition of new hires into their roles, help them understand their job responsibilities, and prepare them for success in the workplace.
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As graduation season approaches, it’s important to start preparing for campus interviews. This can be an exciting and nerve-wracking experience, but with the right tips and tricks, you’ll be able to land your dream job in no time. In this blog post, we’ll guide you through how to prepare for campus interviews and make the best impression possible.
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Delhi is at the heart of India and is the business capital, the food is not the only thing that takes us back to the city. It is the relentless talent that keeps us gunning for betterment.
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