Introduction Human Resources Management is a vital activity in any organization. People are the greatest assets to a company or organization. Human Resources Management is a strategic approach to effectively and efficiently managing the employees in an organization. Human Resource Management is the process of employing people, training them for specific roles, remunerating them for…
Introduction An employment agreement is a formal contract between the employer and employee that specifies the time of employment. These agreements are legally binding documents that have to be signed by the employer and employee agreeing to mutually acceptable terms and conditions related to employment. The employment agreement is a covenant between the employer and…
Introduction The Maternity Benefit Act, 1961 was enacted to protect women employees during the maternity period. The legislation entitles women employees maternity benefit of full paid wages during pre pregnancy and post pregnancy periods. According to the Act, a woman employee is entitled to 12 weeks maternity benefits. This has now been amended by the…
The much-discussed New Labour Codes which were to be implemented on 1st July 2022 has been postponed as of now. These 4 Labour Codes are an amalgamation of the 29 Labour laws. According to the Ministry for Labour and Employment, only 23 states and UTs have released the draft rules under the Code of Wages….
Introduction Fixing employee salaries and paying them on time is a critical operation in any business, whether big or small. The employer and the HR managers put their heads together to chalk out the salary structure of the employees based on designation, rank, performance, etc. These decisions are crucial as they impact the performance of…
Human Capital plays a vital role in the growth of an organization. As organizations evolve, the role of the employee also grows and it becomes important for the company to keep its employees happy. To achieve this, companies have to ensure prompt and accurate payment of salaries always. Manual processing of payroll especially where there…
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