Running an organization involves numerous responsibilities, and one of the most critical aspects is managing payroll. However, manual payroll processes can be time-consuming, error-prone, and overwhelming. That’s where payroll software comes in to save the day!
In today’s fast-paced and technology-driven business landscape, selecting the right Human Resource Management System (HRMS) is crucial for optimizing HR processes and driving organizational success. The right HRMS can streamline workflows, enhance employee management, and improve decision-making.
A group of enterprises in the IT-enabled services (ITES) industry encountered various HR management issues. Manual HR activities such as personnel data management, attendance monitoring, leave management, and performance reviews became time-consuming and inefficient as the workforce grew. The organizations recognized the need for a more streamlined and effective method of managing HR operations across all of its subsidiaries.
In the manufacturing industry, Human Resources (HR) departments play a critical role in managing payroll, benefits, recruitment, employee relations, and compliance with labor laws. HR also handles labor relations issues such as strikes and collective bargaining, ensuring good relationships between management and employees. With the manufacturing industry being a vital part of the global economy, providing jobs and supporting economic growth, the importance of HR in maintaining a productive workforce and promoting good labor relations cannot be overemphasized.
The gig economy describes an environment where organizations hire contract or temporary professionals for a brief length of time or some specific tasks. These gig or contractual specialists may consist of subject matter experts, freelancers, contractual workers, advisors but not restricted to only these. The gig workforce works on a workhour basis, i.e., by timesheet monitoring and other by lump-sum project basis in which the whole project needs to be completed in a particular amount by a fixed deadline, which is monitored by the Project Management Team.
The Centre’s move for a stepped phase: unlocking market activity after the rigorous lockdown that lasted for more than 2 months, setting the stage for people to resume their jobs and undertake travel as per guidelines. As the lockdown rules are eased, many of us will be venturing back to the offices. However, it does not mean life will get back to normal immediately.
The Human Resource department is an irreplaceable part of any Organization, and its existence to the well-being of all the employees (lowest to highest level) is extremely crucial to the growth, sustainability, and development of the undertaken business. It takes into account every employee’s journey and feeds it to a database (centralized/decentralized) to understand the contribution of every individual toward the stated goals and philosophy.