Workforce Management Solutions

3 Must-Have HR automations for companies with large workforce

Technology has grown and evolved exponentially over the past two decades, leading to transformation in nearly every field of practice. Human Resource practice has been no exception. Technology and internet have fundamentally reshaped how the HR industry works. Today, the HR software technology landscape is valued as a $15 billion market and a one that is exploding with growth and innovation. Organizations across the globe are increasingly adopting enterprise initiatives that bring together resources and provide services at lower cost and with better quality. A number of these factors are coming together to witness a unique transformation in HR organizations around the world. The following are our perspectives on the HR automations that every organization with a large workforce should imple ...

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Contract Labour Management System

After Year Of Flip-Flops, EPFO Buckles Up For Digital Ride

After remaining in the news mostly for wrong reasons this year, retirement fund body EPFO is looking to cross the digital Rubicon by way of providing a host of online services to its nearly 4 crore subscribers, including electronic settlement of PF claims. The idea is to increase ease of doing business for over 6 lakh employers covered under the Employees’ Provident Fund Organisation (EPFO). “As part of its commitment to evolve into one of the best social security organisations, the coming 2017 will see introduction of many more online conveniences, including the ethos of Digital India and best practices that help improve the ease to do business in the country,” EPFO Central Provident Fund Commissioner V P Joy told PTI. “The database of EPFO will see full consolidat ...

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Contract Labour Management System

PF Body Launches Employees Enrolment Campaign For 2017

Retirement fund body EPFO on Thursday formally launched the Employees Enrolment Campaign, 2017, to encourage firms to enroll their employees under its schemes at nominal damages of Rupee one per annum. Under the scheme, the employee’s share of contribution, if declared by the employer as not deducted, shall stand waived, the Employees’ Provident Fund Organisation (EPFO) said in statement. According to the statement, the damages to be paid by the employer in respect of the employees for whom declaration has been made under this campaign shall be at the rate of Rupee one per annum. Besides, no administrative charges shall be collected from the employer in respect of the contribution made under the declaration. Under the scheme, a declaration can be made under the campaign for the ...

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Contract Labour Management System

Staffing industry calls for amendments of Contract Labour Act

The staffing industry is seeking amendments in the Contract Labour (CLRA) Act and asking for lower tax deductions to promote the growth of the flexi-staff in the formal sector, which is likely to witness an increased flow of workers with the government pushing for salary payment through banks. Under the aegis of Indian Staffing Federation, the industry is calling for a single license to operate staffing business and just one return per license along with simplified documentation. According to the federation, India is set to become the third largest country to employ 2.9 million flexi- staff by 2018. Despite the fact that it is one key industry which is generating and mobilising jobs, current policies do not recognise the industry, says the Federation. In a statement, Suchita Dutta, executi ...

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Now, even idle EPF account will earn interest !

In a significant development, the Ministry of Labour has relaxed the definition of ‘inoperative’ employee provident fund (EPF) accounts, which do not earn any interest. Now, if an EPF account is lying idle for 36 months or more, it will not automatically be treated as inoperative, but will continue to accrue interest. The details are spelt out in a notification issued on November 11. This notification provides that an EPF account will be treated as operative on termination of employment and the EPF account holder will continue to earn interest, unless the employee concerned applies for withdrawal of the accumulated balance in his EPF account or takes up another job within two months, with another employer who is covered by the EPF scheme. On taking up a new employment, the EPF ...

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