Saumar Choudhury(Sam)

Why Indian Payroll and Compliance are Vital for Your Business—and Why Outsourcing is the Smart Choice In India, payroll and compliance management is not just a routine administrative function but a critical component that impacts business health and employee well-being. From ensuring timely payments to navigating the complex web of regulations, businesses must keep their payroll processes smooth and compliant with Indian labor laws. The Intricacies of Indian Payroll Indian payroll is complex due to its multi-layered regulations. It’s not just about distributing salaries—businesses must handle deductions like Provident Fund (PF), Employee State Insurance (ESI), professional tax, and income tax, all while adhering to state-specific laws. Staying Compliant in India: A Challenge Indian compliance regulations, particularly in payroll, are constantly evolving. Whether it’s the introduction of new labor codes, changes in taxation, or statutory contributions, businesses must stay ahead of the curve. Non-compliance can result in hefty fines, litigation, and even shutdowns. Moreover, employees expect their pay to be accurate and timely, further elevating the stakes for businesses. The Benefits of Outsourcing Payroll and Compliance in India Given the complexities of the Indian payroll landscape, many businesses are opting to outsource these functions. Here’s why outsourcing is an advantageous move: 1. Access to Expertise: India’s tax laws and labor regulations can be confusing. By outsourcing, you tap into the expertise of professionals who stay updated with every change and know how to navigate the system flawlessly. 2. Cost Savings: Maintaining an in-house payroll team requires ongoing investment in training, software, and resources. Outsourcing eliminates these costs and allows your team to focus on growth-oriented tasks. 3. Compliance Made Easy: Payroll outsourcing partners are equipped with the tools and knowledge to ensure compliance with all statutory regulations, reducing legal risks for your business. ThinkHR – Your Partner for Payroll and Compliance in India At ThinkHR, we specialize in managing the intricacies of Indian payroll and compliance. Our team ensures that your business stays compliant with labor laws and regulations while handling payroll efficiently and accurately. Outsourcing with ThinkHR means peace of mind, reduced costs, and compliance that’s always on point. Focus on scaling your business, and leave the payroll and compliance to us. Learn more about how we can help here: https://lnkd.in/gD7FcrBj Raj Lalwani Bhagyashree Pachegaonkar Manisha Sharma Himadri Pandit Mihir Vagadia ThinkHR - Powered by Adler

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The Future of HR is Here: Empowering, Efficient, and Built for You. ✨ This HROne Panel Discussion dives deep into the power of HR Tech and AI, showing how they can transform your team. Join industry leaders, Dr. Gaurav Buch Global CHRO and Vice President - HR Admin, Sushil Tripathi, Nirav Brahmbhatt and Vikas Singh Songara, as they tackle tough questions like job displacement and unconscious bias, revealing how AI can be your partner in progress, not a replacement. Here's a glimpse of what's waiting for you: ❇️ HR: From Survival to Thriving ❇️ Leveling the Playing Field ❇️ The Human Touch Endures ❇️ Data-Driven Decisions Ready to shape the future of work? Watch the full discussion on YouTube, here: https://lnkd.in/gMjrAywn Let's work together to create a future where everyone benefits! #HROne #HRTech #FutureofWork #ChangeManagement #MakeADifference P.S. Don't miss the inspiring stories and insights shared by our amazing panel!

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#AppointmentNews: AuthBridge appoints Payal Aggarwal as Vice President of Human Resources Link in the comments Ajay Trehan Payal Aggarwal AuthBridge #mediabrief #AuthBridge #PayalAggarwal #VP #HR #appointment #leadership #media

7 powerful hacks to 10x your HR career Employee Experience goes beyond happiness, influencing morale, engagement, and retention. There’s more to it! HR builds a positive EX through streamlined onboarding, competitive benefits, and open communication. Building connections involves fostering a culture of respect, trust, and collaboration – leading to a more enjoyable and productive work environment. But that's not all. Clear strategic alignment ensures employees see how their work contributes to the company's goals. Check out these seven hacks to be a successful HR practitioner and maximise your HR career 10x. Read more about my latest article at: https://shorturl.at/KDcQ5 Peoplestrong Academy #HR #career #hacks #talentmanagement #employeeexperience #engagement #AI #employee #10x PeopleStrong Taggd #PeopleStrong #DEI #data #diversity

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Your employees are a network, not an org chart. Time to leverage it. Know more: https://lnkd.in/dSAY7Ba9 #hr #hrtech #humanresources #hrcommunity #leadershipdevelopment #technology #business #globaleconomy #mumbai #india #UAE #indonesia #australia #manila #srilanka #vietnam HR for HR Community The HR Team HR Works HR magazine The HR Digest The HR World SHRM SHRM Foundation

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In today's rapidly evolving workplace, harnessing the power of AI in HR is not just a trend but a strategic imperative. Register for this ground-breaking webinar series and delve into cutting-edge insights, best practices, and practical applications that leverage AI to revolutionize HR processes and drive business success. Stay ahead of the curve and unlock the full potential of AI in HR! Register today: https://bit.ly/3xIKP81 #HR #AI #FutureOfWork #WebinarSeries 

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Is your ATS falling short of delivering top talent? You're not alone. At Protingent India RPO, we've seen how leading companies are solving this problem with smart RPO strategies. What Top Companies Are Doing Differently?  - Prioritizing human touch alongside technology   - Tailoring ATS to industry-specific needs   - Enhancing candidate engagement with personalized outreach   - Leveraging AI for better screening, not just automation   - Integrating ATS data with real-time market insights   - Streamlining processes with proactive recruitment  If your ATS isn't delivering, it's time to rethink your approach. At Protingent India RPO, we help you combine the best of tech and human expertise to ensure you're always ahead in the talent game. Protingent India LLP #RPO Protingent #HR #TalentSourcing #StaffingSolutions Linkedin HR Human Resources

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Jump into the future of HR technology with Gaurav Garg and explore how to implement unbiased Employee Recognition Programs in modern workspaces! Watch the video at: https://bit.ly/4blLDhJ Click here to connect: https://benepik.com/ #RecognitionRevolution #Employeesatisfaction #Employeerecognition #Webinar #Constantrecognition #Personalconnections #Technology #Benepik

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Create an environment where your tech talent can thrive and stay committed by prioritizing work-life balance, career development, a positive work culture, and regular recognition. Read more tips on this informative post by peopleHum #TalentRetention #TechTalent #africa #recruitment #leadership #EmployeeEngagement #HRExcellence

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Recruiter Metric Series: Part Four ⭐ First-Year Attrition ⭐ Let's talk about first-year attrition - a key indicator of hiring effectiveness and employee engagement. First-year attrition refers to the percentage of new hires who leave the company within their first year. While some turnover is inevitable, high first-year attrition can signal underlying issues in the hiring process or company culture. ✅ Follow along to see how using the #RecruiterMetrics can help your business optimise procedures and achieve growth objectives. ✅ Contact Pay Australia today as your expert payroll and accounting advisory partner in the recruitment sector. PH: (07) 3071 2001 E: [email protected] Instagram: @PAY.AUSTRALIA #Recruiting #TalentAcquisition #HiringStrategy #FirstYearAttrition #DataDrivenRecruiting #RecruitmentMetrics #HiringInsights

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When managing compensation, it can be pivotal to choose between a dedicated compensation module and the one embedded in your HRMS software. It's tempting to assume that opting for an all-in-one HRMS with a compensation module will save you money. However, having personally spoken to several CHROs in India and abroad, and even more compensation managers, I can confidently say that a dedicated compensation module is essential and non-negotiable for getting the foundations of your people's expense right. Here's why a dedicated compensation module stands out: 🔍 Specialized Focus: Dedicated compensation modules are built with a singular focus on compensation management. This means advanced features, deeper insights, and more robust functionalities specifically designed to handle the complexities of compensation. 🔨 Enhanced Accuracy: With tailored algorithms and customizable formulas, dedicated modules ensure precise calculations. This minimizes errors and ensures compliance with legal standards, crucial for maintaining pay equity and avoiding costly penalties. 📊 Data-Driven Decisions: Access to real-time market benchmarks and industry trends allows organizations to create competitive and fair compensation packages, driving employee satisfaction and retention. 📦Performance-Based Rewards: A dedicated module makes linking employee performance to compensation more seamless and impactful. It ensures that rewards are distributed based on merit and achievements, promoting fairness and motivating employees. 👷‍♀️ Transparency and Trust: A dedicated module facilitates clear communication about compensation structures, policies, and individual rewards, fostering transparency and trust among employees and line managers. While your HRMS software is excellent for maintaining seamless employee records and becoming a system of record, a dedicated compensation module is essential for making compensation management more strategic, precise, and equitable. 💲ROI and Efficiency: Investing in a dedicated compensation module can bring significant returns. From reducing manual calculation times to minimizing disputes and enhancing employee engagement, the benefits far outweigh the costs. Improved compliance, streamlined processes, and data integrity contribute to organizational efficiency and cost savings. My team and I at CompUp (YC S22) are building a lot more. Check us out 🔗👇

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The study of 37,000 C-suite movements found the highest churn in chief human resources officers (20%), followed by chief sales officers (18%) and chief product officers (15%). Siddharth Verma, Head of Xpheno Executive Search highlights the reasons behind the high churn rate of CHRO roles in India. Learn more about our insights by Sreeradha Basu in The Economic Times at: https://lnkd.in/gMBg2Ksj #xpheno #peopleeffectchange #india #jobs

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I recently had the opportunity to engage in a thought-provoking table talk organised by ETHRWorld and Darwinbox on skill-based talent management, and it was a transformative experience. The session shed light on how organisations are evolving from traditional role-based structures to more agile, skill-focused models, ensuring that talent is effectively matched with organizational needs. One of the key insights I gained was the critical role of skill mapping within a skill-based organisation. By identifying and cataloging the specific skills that drive success, companies can deploy talent more flexibly and strategically. For instance, rather than being confined by job titles, employees can contribute to various projects based on their skill sets, leading to more dynamic and innovative outcomes. This approach not only enhances efficiency but also empowers employees to pursue skills that align with their career aspirations and the organization's evolving needs. Moreover, the discussion emphasised the importance of continuous learning. In a skill-based organisation, fostering a culture of ongoing development is essential. This involves providing employees with the tools and resources they need to acquire new skills, stay ahead of industry trends, and adapt to changing market demands. By doing so, companies can maintain a competitive edge while keeping their workforce engaged and motivated. Darwinbox is playing a crucial role in this space by offering a comprehensive platform that supports the transition to skill-based talent management. Their technology enables organisations to effectively map skills, track employee development, and match talent with opportunities in real-time. With Darwinbox, companies can easily identify skill gaps, promote continuous learning, and create a more agile and responsive workforce. Their platform not only streamlines talent management processes but also empowers employees to take charge of their growth and career development. Overall, the table talk highlighted the immense potential of skill-based talent management and how platforms like Darwinbox are driving this transformation. By focusing on skills rather than just roles, organisations can unlock new levels of productivity, innovation, and employee satisfaction.

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𝘌𝘯𝘴𝘶𝘳𝘪𝘯𝘨 𝘱𝘢𝘺𝘳𝘰𝘭𝘭 𝘤𝘰𝘮𝘱𝘭𝘪𝘢𝘯𝘤𝘦 𝘪𝘯 𝘐𝘯𝘥𝘪𝘢 𝘪𝘴 𝘤𝘳𝘪𝘵𝘪𝘤𝘢𝘭 𝘧𝘰𝘳 𝘣𝘶𝘴𝘪𝘯𝘦𝘴𝘴 𝘴𝘶𝘤𝘤𝘦𝘴𝘴 𝘢𝘯𝘥 𝘦𝘮𝘱𝘭𝘰𝘺𝘦𝘦 𝘴𝘢𝘵𝘪𝘴𝘧𝘢𝘤𝘵𝘪𝘰𝘯. At Jedhru, we are committed to simplifying this complexity and enabling businesses to focus on growth. #PayrollCompliance #EmployeeTrust #IndianPayroll #Jedhru

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Wondering why H2R.ai should be your go-to HRMS platform?🤔 Well, here is all that you need to know. 😎 Ready to elevate your HR game?  Book a demo today and see how H2R.ai can transform your workplace- https://h2r.ai/contact-us/ #HumanResources #HRManagement #AI #Innovation #H2Rai

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The Changing Landscape of Hiring: Emphasizing People Skills Over Technical Expertise - By Meenakshi Jaryal With over two decades in TA, I’ve witnessed hiring trends transform dramatically. Today, companies prioritize people skills over technical abilities which traditionally ruled resumes for decades. This shift is reshaping talent acquisition, driven by several key factors. Why the Shift? - Cultural Fit and Collaboration : Modern workplaces thrive on collaboration and a strong cultural fit. Candidates with excellent interpersonal skills, emotional intelligence, and team-working abilities often bring more value than those with purely technical expertise. - Adaptability and Resilience : In a rapidly changing world, candidates who adapt quickly and demonstrate resilience are highly sought after. These traits are crucial for navigating today’s dynamic business landscape. - Leadership and Communication : Companies need leaders who can inspire, motivate, and clearly communicate their vision. Technical skills alone cannot drive a team to success without strong leadership; hence, the focus is on candidates with effective leadership and communication skills for senior roles. - Diversity and Inclusion: Embracing diversity and inclusion is now essential for success. Diverse teams bring a range of perspectives and ideas, fostering innovation and improving decision-making. Key Takeaways from Global Hiring Trends: - Emphasis on Soft Skills: Hiring candidates with strong interpersonal skills, emotional intelligence, and team-working abilities is increasingly important. - Adaptability as a Key Trait: Companies value candidates who can quickly adapt to changing circumstances and demonstrate resilience. - Leadership and Communication: Effective leadership and communication skills are essential for senior positions. - Continuous Learning and Development: Lifelong learning is crucial in a rapidly changing world. - Diversity and Inclusion: Emphasizing diversity and inclusion brings wider perspectives and drives innovation. My Insights : Over my career, I've realized that hiring managers need to continually adapt and expand their skill sets to succeed in today's dynamic landscape. Some key skills include: - Emotional Intelligence: Understanding and managing emotions is crucial. Assessing candidates' emotional intelligence leads to effective interpersonal dynamics. - Active Listening: Effective communication starts with active listening. Understanding candidates' experiences and motivations leads to better hiring decisions. - Cultural Sensitivity: In a globalized world, cultural sensitivity is paramount. Evaluating how candidates fit and contribute to the company's culture is essential. - Continuous Learning: Successful hiring managers must commit to continuous learning and stay updated on the latest trends and best practices. #HiringTrends #PeopleSkills #Leadership #Recruitment #TalentAcquisition #WorkplaceCulture #Diversity #Inclusion #GlobalCues

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The latest Economic Survey reveals a stark contrast between the booming corporate profits and stagnant employee compensation. Despite a near quadrupling of profits from FY20 to FY23, hiring and salary growth have not kept pace. This discrepancy raises crucial questions about the sustainability of this growth and its impact on workers. The survey's call for increased hiring and better compensation is not just a recommendation but a necessary step towards balancing the benefits of economic prosperity across the workforce. The widening pay gap between CEOs and median employees highlights a growing inequality that could undermine long-term productivity and employee morale. The focus should not solely be on financial growth but on ensuring that prosperity is shared fairly. Companies must address this imbalance to foster a more equitable and motivated workforce. Source: https://lnkd.in/d2PVD8d3

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Attention #HR leaders! While your teams are bogged down with immediate concerns like people ops, high attrition and hiring effort, it's essential to prioritize people strategy and workplace culture. This long-term focus can lead to numerous benefits. Benefits of prioritizing HR strategy and workplace culture: 1. Reduced attrition: A positive work culture and engaging environment can increase employee satisfaction, reducing turnover rates. 2. Improved performance: A well-aligned people strategy can enhance employee motivation, productivity, and overall performance. 3. Enhanced employer brand: A strong workplace culture can attract top talent, reducing hiring challenges. 4. Increased employee loyalty: Investing in employees' growth and well-being fosters loyalty and commitment. 5. Better decision-making: A forward-thinking HR strategy can inform business decisions, driving growth and competitiveness. 6. Competitive advantage: A unique and compelling workplace culture can differentiate your organization from competitors. Challenges in implementing HR strategy and workplace culture: 1. Limited resources: HR teams may lack the bandwidth or budget to focus on strategic initiatives. 2. Short-term pressures: Immediate hiring needs and attrition concerns can overshadow long-term goals. 3. Leadership buy-in: Securing leadership support for HR initiatives can be challenging. 4. Measuring ROI: Quantifying the impact of HR strategy and workplace culture on business outcomes can be difficult. Strategies to overcome these challenges: 1. Secure leadership buy-in: Demonstrate the business case for investing in HR strategy and workplace culture. 2. Prioritize and focus: Identify key initiatives that align with business objectives. 3. Measure and track progress: Establish relevant metrics to evaluate the effectiveness of HR initiatives. 4. Leverage technology: Utilize HR tools and platforms liek 247HRM.com and winningworkplaces.ai to streamline processes and free up resources for strategic work. 5. Develop a business-driven HR strategy: Align HR goals with business objectives to ensure relevance and impact. Questions to consider: 1. How can HR leaders effectively communicate the value of people strategy and workplace culture to senior leadership? 2. What metrics or KPIs can HR teams use to measure the success of their strategic initiatives? 3. How can organizations balance short-term needs with long-term HR strategy and workplace culture goals? If you would you like to explore any of these points further or discuss potential solutions, I am happy to connect! Also, do read my book - The Transformational Lens on Amazon or kindle for insights on people performance and engagement. Best Wishes!

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