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Payroll Set-up Tips for New Businesses

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Running a new business effectively amid competition brings on a whole new set of challenges. To expand a startup, business owners need to hire talented employees. Companies need to focus on each step properly, including payroll. Otherwise, it will dent their reputation in the market. Setting up payroll processes properly can be hard for many new startups. Here we mention step-by-step guidelines to help you ensure the same in real time.  Tips to Set Up the Payroll for Startups Review all Legal and Tax Guidelines  Before setting the actual payroll process for your startup, it's extremely crucial to conduct a thorough review of all laws, policies, and guidelines that the government deems legally binding when giving salaries to employees and setting up your overall payroll system. This may involve HRA, travel, necessary tax deductions or any other legally necessary benefits that must form part of the salary. However, the actual rules can be different for different states. So, it would

Top Tips to Retain Your Best Employees

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Who wants to lose their best ones? The answer is no one. Especially companies because they may not be able to find a suitable replacement of high performers on time. Organisations highly value employee retention because it costs time and money to have a similar replacement with same or higher efficiency levels. If talented and high-performers leave the company, it can overburden the existing employees by making them work extra until those positions are filled. So for companies, it's crucial to retain their best employees. Here are some tips that help companies retain the best talents who would help them grow further.  Optimise Workforce Payment One of the best ways to keep your employees in the company is to take care of benefits administration including their remuneration. This increases employee retention and makethem stick around for a long time. Companies can also provide a good incentive to increase employee retention.  Provide Freedom to Employees  It might seem small but can

A Guide to Human Capital Management

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Companies opt for various strategies to improve employee engagement and productivity and increase business value. They use Human Capital Management (HCM) to improve the effectiveness and efficiency of employees to meet the goal.   HCM is a set of practices that an organisation incorporates to manage various tasks including training employees, performance management, payroll administration and maintaining records. Organisations use HCM to recruit reliable candidates, manage their workforce and improve performance.  Functions of Human Capital Management  Hire Talented Employees  Hiring suitable candidates to fulfil organisations' demands is the key function performed by HCM. Using the HCM system, employers can present their companies as great places to work, attract more candidates and improve hiring efforts. This helps find talented candidates for various job roles in the staffing process.  Onboarding  Human capital management (HCM) performs efficient onboarding of new employees. It

Custom Recruitment Process to Acquire the Best Talent

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To construct a house, every small thing like bricks, builders, workers matters. Without workers, builders, brinks and paint, no one would be able to make a perfect house. Similarly, to develop a strong business in a competitive environment, every employee no matter their job profile plays a vital role. A business owner can make strategic plans but several hands are needed to execute these effectively. From normal manufacturing to grocery workers to C-suite candidates, all give their 100% to make a business stand amid competition.  Finding the same can be time-consuming for many companies. It also affects their core business activity. If any company fails to find a suitable candidate and makes a wrong decision, it can cause employee burnout and impact its reputation. So, organisations must make strategic plans before hiring. The process is long and needs a different approach for different levels of hiring.  Strategies for Hiring Manufacturing Workers  Change the Perception  Manufacturin

Staffing Services for Volume Hiring

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Hiring employees can be a daunting task, especially when organisations need to carry out volume hiring. Finding skilled and talented candidates as per company niche needs more strategic planning. Yes, in your company, you may have a hard-working HR team but sometimes it’s not easy to find a large workforce on time. That's why many companies outsource their volume hiring process to staffing agencies.  Volume Hiring  Some seasonal requirements or urgent projects make organisations hire a large workforce. Because handling all tasks without proper employees can hinder the whole organisation's growth and development. That's why companies conduct volume hiring to bring a large workforce to handle urgent project demand.  Why Choose Staffing Services for Volume Hiring?  Save time   Finding, streamlining interviews and hiring a skilled employee can be time-consuming. This will result in decreased productivity. However, taking staffing services in India can help save time for client

A Guide to Kutumbh HRCare's Contract Staffing Services

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There are several staffing companies in India . One of which is Kutumbh HRCare, a reliable staffing service provider to organisations across India. This credible staffing agency handles several HR processes, including volume hiring, contract staffing, executive search, onboarding, outsourcing, payroll and legal compliance for companies.  In this blog, we will learn more about the contract staffing services offered by this credible staffing agency. Contract staffing is the process of hiring candidates for a particular job role on a contract basis. It helps hire suitable candidates on a contractual basis for client organisations in an allotted timeline. This can be the ideal way to overcome the shortage of employees in an organisation.  Advantages of Contract Staffing Services   Outsourcing contract staffing services to this credible staffing agency helps companies in many ways.  Cost-effective   Finding suitable candidates on time to fill employee gaps can be over budget sometimes. Trus

Tips to Build Trust in the Workplace

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Trust makes strong bonding in the workplace, resulting in improved productivity and good business growth. It can improve employee retention rates within an organisation, but a lack of trust causes burnout. Whether it's personal or professional, trust is crucial in all forms of human capital management. When companies don’t trust their employees, they make restricted policies for them. On the other hand, if employees don’t trust their employers, it will affect work as well as the growth of the company.  Defining Trust in the Workplace Building trust in a workplace helps employees enjoy a culture of psychological safety, honesty and mutual respect within the company. A trustworthy organisation makes employees feel secure and reduces employee turnover rates. Make employees do their work effectively to grow businesses. How to Build Trust in the Workplace? Build Trust Gradually No one can build trust in seconds. It takes time, especially in a new workplace. Just be genuine with your act