The goal of any organization is not only to survive, but also to sustain its existence by improving performance. In order to meet the needs of the highly competitive markets, organizations must continually increase performance. Prior literature indeed suggests that role of leadership is critically important for achieving the desired performance in any organization…
Your business strategy is the most important part of your business. Actually, it IS your business. From how you conduct internal affairs, to the day to day operations of your business..
The Lok Sabha has passed The Payment of Bonus (Amendment) Bill, 2015 to facilitate doubling of wage ceiling for calculating bonus of factory workers and Organizations with 20 or more workers. The Bill seeks to amend the Payment of Bonus Act, 1965 and was introduced in Lok Sabha by the Minister of State (MoS) for Labour and Employment by the Minister of State for Labor and Employment, Mr. Bandaru Dattatreya, on December 7, 2015.
The IT sector will be considered essential services and barred from strikes and shutdowns from April. They will also be exempted from complying with working hours regulations as stipulated in the Karnataka Industrial Employment Rules, 1946 for another 5 years.
Every organization possesses one or two employees with negative behaviors. Every employee tries to behave in his or her best way, however, some employees make irritated to others with their idiosyncrasies. Such people get noticed bit easily and affect the professional work culture.
Companies are unwilling to increase spending, investment on employee engagement in current slow economy. On the contrary, keeping up productivity in such a dynamic environment is a challenge. Farsight consultant suggests how best practices can increase productivity of employees without spending much.
In need of survival and growth, multi faceted business units adopt best practices for distinct effective compensation strategies. The biggest challenge in the business world today is to attract and retain the best talents owing to the cut throat competitive conditions.
Payroll outsourcing comes with its own benefits and challenges. Some organization can never afford managing entire payroll in-house, for example, if a foreign based organization enters in Indian market, the organization would tend to outsource payroll to avoid statutory compliance issues or hassles of managing higher headcounts.
Step 1 – Prepare e-TDS as per prescribed format. The data structure (file format) in which the e-TDS / e-TCS return is to be prepared has been notified below.
According to the Hudson report, 22% of respondents expect that talent development will take precedence as HR’s first priority moving into 2010. Improvement of talent development strategies and delivery will be the key to leveraging the available talent as effectively as possible, especially for success-critical positions. Mercer adds that developing high-potential talents for the future should also be high on HR’s agenda.
Annual leave is a period of approved absence with pay from official duties. It is intended to allow the employee vacation, rest and recreation. It is also intended for the employee’s use in attending to personal or emergency business, to extend the time available to the employee under some other leave programs, and for use with specific military leave entitlement.