Isn’t payday everyone’s favorite day? However, do you think it is easy for organizations to manage payroll for a large number of employees that fall into various categories and have different income slabs and benefit components? Payroll processing is one of the most essential parts of any business that needs to be done with utmost care. Continue Reading
Is an ERP really necessary for small to medium-sized businesses? Well, the answer is not always. However, for most business the answer is yes, ERP still is worth considering, even if you are happy with financial management using basic accounting software like Tally, QuickBooks or Zoho. For most small businesses, it often makes good sense to get started with such accounting software. They are good enough to handle Continue Reading
There has been a major shift from HR’s traditional function of tactical management of employees to the development of strategic insight and value creation. But payroll remains predominantly a tactical function in most companies. It is easy to under evaluate and under appreciate the payroll function so long as employees Continue Reading
Introduction HR metrics are indicators that are used to ascertain the strengths and weaknesses of an enterprise. In my previous blog, Top talent metrics that HR managers and CHROs must keep a track of – Part 1 we learnt that not all HR metrics are created equal. There are Continue Reading
Introduction There are numerous HR publications that list a plethora of metrics that a HR department must track. But, are they ‘HR Metrics that Matter’? What differentiates ‘HR Metrics that Matter’ with other nice to have HR metrics? The answer is very simple! The metrics that cover strategic goals Continue Reading
As a company grows, you need to hire more talent to keep up with the demands of your expanding organisation. The payroll requirements of your growing workforce could strain your already stretched HR department. The salaries of your workforce could be fixed, performance driven or a blend of both. Additionally, Continue Reading
