The Government has said that interest on delayed payment of goods and services tax (GST) will be charged on net tax liability with effect from September 1, 2020. The industry had earlier this year raised concern over the directive of recovery of about Rs 46,000 crore of unpaid interest on delayed GST payment. The interest was charged on gross tax liability.Continue reading Calculation of Interest on Net Liability of GST
At new place the employees find some difficulties settling in. They need to know the various things in a short time. They need to make good relations with other employees. Everything seem like a puzzle in the beginning. Employing new workforce is a time-taking and costly procedure, thus the faster your employees settle in, the quicker your organization will like the return on investment.New joins are frequently confused and look up to their employers and HR experts to solve difficulties.
“Have you ever thought everything in life relates to every other thing in life, the concept behind the actions is same only the difference is the situation.” This is sounding as a very deep thought, sometimes we people become very much psychological, let’s understand this by our daily life simple example: When we didn’t have juicer mixer grinder, we used to do all the work manually and it took lots of time & efforts just to make a sauce which we serve with main course or snacks and for other difficult tasks it takes much more time, now when Mr. Satya Prakash Mathur in 1963 invented a Mixie (Mixer Grinder) for Indian Kitchen, he saved time and lots of efforts. Same is the story with conventional method of doing payroll and modern one with the help of software (except the fact that manually made sauce is tastier than that of mixie, and manually done payroll leads to more errors).
Performance management System is a tool that tells organization how its employees are doing, how much goals are they achieving, is any of the employee doing better enough to applause or any of the employee needs feedback for the improvement. Basically it defines the performance of the employee. Not only this, this tool also helps in communicating the organizational goals to the employee individually. We all know that the growth of organization depends on the employees of the organization, for boosting the growth, Performance management System works as catalyst by analyzing the employee performances and helps organization to give proper feedback to employees.
Several business owners use payroll services to efficiently handle their businesses as well as employees. Outsourcing payroll services are very significant via it is deemed to be the biggest expense that is linked with the operation of business. What makes the payroll rates to go elevated or to take the lion’s slice are the employment taxes as well as wages. Thus, payroll processing is another expense and could be impactful to the bottom-line of your company.
As we know HR department has so much areas of work to do like from recruitment to resignation and transition formalities. There is so much juggling in these processes. Nowadays the process could be smoothen if you some HR Tools. With the help of these tools the HR professionals would be able to free up some time for focusing on core HR activities. Today we have so many HR tools and some of them are that much important that each organization having more than 20, or more than 50 employees must install these tools.
Machine learning is a part of artificial intelligence (AI) that gives systems the ability to automatically learn and improve from experience without being programmed by someone else. Machine learning stresses on the innovation of computer programs that can access data and use it learn for themselves. Though Machine learning has not taken its vast role in HRMS as in marketing, healthcare & communications fields, still machine learning has grown its roots in HRMS also. Because of advances in the technology, the employee performance and employee retention can be enhanced.
We can define cloud computing in simple word as the computing totally based on internet. Where in the earlier, people would operate programs or applications from software downloaded on a computer or server in their building, cloud computing permits people access to the similar types of applications via internet.
When you merely update your Facebook status, you are using cloud computing. Confirming your bank balance on your phone? You are in the cloud over again. Probabilities are you rely on cloud computing to resolve the challenges faced by small businesses, either you are firing off emails on the move or using a bouquet of apps to help you handle your workload.
As per the increasing need of online payroll system, there are lots of payroll service providers in the market. Employing a payroll provider is a planned choice you would think for your company. The question is that how to choose the best payroll service provider.
There are so many important tasks a business has to execute to keep working smoothly but which don’t unavoidably add to the bottom-line. The method might not necessarily need any specific talent or skill but you require having someone there to finish the chore and on time, the foremost of which is payroll. Payroll is an important HR function for any business because your employees have to be paid timely, with the related adjustments as well as amendments made. This is where Payroll Software in India can come in useful.