Oct 072022
 

If anyone wonders whether corporate training is essential to employees, they should start wondering if a user manual is required to learn about a piece of heavy machinery. Well, the answer is as clear as a day, it is fundamental. Along with being significant, it is rather a lot beneficial, too. As a person who is about to embark on the corporate world, they must have an idea about the things that go down here and the way the work is carried around here. Also, they must be well aware of the all-around rules and regulations and company-exclusive conditions.

Corporate training makes it easier for an employee to fit in the company space and create a self-proclaimed identity amongst the team. It is a way of understanding one’s strengths and weaknesses and certainly helps one emphasize the areas of improvement. This could be contributed by an internal team or can be provided by an externally hired team.

Getting into detail about the benefits of this training:

 

Pre-instilled knowledge.


They were generally called ‘Knowledge Transfer’ or ‘KT’, in the corporate world. As the name suggests, it is the transfer or sharing of knowledge from a senior to a junior; a newcomer. This entitles nurturing of basic work knowledge then the employee will conduct into them. In such a case, the employee is not entirely unaware of his role. Even though guidance is still required, it wouldn’t be a lot of pressure because the employee has a gist about their tasks. This could be done before joining or while onboarding.

 

Improvement in team strength.


While KT, the bond between the senior employee and the newcomer blooms. This bond further enhances creating excitement among the team, to have a newcomer who is already efficient. This creates a good rapport amongst the team which delivers good results. The employee would feel useful and contribute more to the team wanting to achieve higher success, which ahead motivates the other members. All in all, everyone grows with the flow of new blood in the team.

 

Social awareness.


In the training, a part of the training would be etiquette. In a world where people earn, etiquettes are what makes a person remarkable and memorable. A person who behaves well and is a faster worker, a sweet talker, a charmer, etc, is the one who succeeds in this social network. As networking is an important aspect of growth, the employee learns how to behave, capture good deals and make good impressions, creating a good name for themself and the company. This is beneficial as the employee becomes ready to face an obstacle without fear and succeeds well.

 

Motivation and continuation.


When the seniors share their knowledge with the juniors, a sense of achievement forms within them that keeps them motivated and makes them want to perform better and be good role models to the juniors. This motivation also makes them continue working for the company which then reduces the number of attritions. This training is an easy way to make the senior employees motivated without putting in a lot of effort. This makes it easier for the juniors to communicate with the seniors and the seniors enjoy the delight of being a teacher.

 

Operational business plans.


When the employee is trained, it is expected of them to receive the knowledge and put it to good use. The company invests time in them, anticipating a worthy outcome. Given that the employee is pre-informed of their duties, they formulate action plans that will help the company grow. They have new ideas and they match them up with the new techniques and things they learned during the training. This surely makes good proposals and keeps the team engaged in formulating new ideas.

 

Engaged in the process.


One can only be involved in the process if one knows what the process is. Since the employee has already been given knowledge and sheds light on the company tasks, ideologies, tagline, etc, they can now be incorporated into the process. After the training, they are well accustomed and comprehend the process easily. They immerse themselves in the task apart from just being an onlooker, further, learning completely about each task ahead of the process. In the long run, they would excel at all the processes sooner making them want to learn more and indulge more, and the loop goes on.

 

Reality check.


This point is made not in a way to criticize an employee but as a sort of conclusion being conveyed to them by themselves. During the entire time of training, they have a chance to understand and explore various things taught by someone very experienced and also understand what they like the most. At the same time, they can learn to acknowledge what they do best and what they are not fit for. This gives them a clear mirror of what tasks they should focus on and what process they have a good understanding of. This can help them balance themselves and create equilibrium within all the tasks to excel at all of them.

 

Pushing limits.


Would a person who recently learned skating, keep the board aside? Definitely, not. The same is the case with everyone who learns new things. Just like the skateboarder trying to clear difficult stages by pushing themselves, the same thing happens with employees. Once they learn one thing, they keep pushing their limits, while practicing and trying to excel at it, by challenging themselves to do better. This is a self-challenge but the one who bears the fruit is not just the employee but also the company.

 

Concluding, it’s clear how the benefits of training don’t work just for the juniors but also for the seniors who teach them. It also creates a good bond while sharing knowledge. All in all, it seems like a very good option to keep the company growing and the employees going hand-in-hand to keep pushing themselves to achieve greater success.

 

Oct 012022
 

07th

TDS TDS Payment for September 2022.

10th

GST Return for authorities deducting tax at source – GSTR 7 for September 2022. 
Details of supplies effected through e-commerce operators and the amount of tax collected – GSTR 8 for September 2022.

11th

GST Details of outward supplies of taxable goods and/or services effected – GSTR 1 for September 2022.

13th

GST Quarterly Return GSTR 1 for July to September 2022 for QRMP filers, whose turnover not exceeding ₹ 5 crores.
Return for Input Service Distributor – GSTR 6 for September 2022.

15th

P.F. P.F. Payment for September 2022.
ESIC ESIC Payment for September 2022.
TDS TCS Quarterly Statements (Other than Government Deductor) for July to September 2022.

18th

GST Quarterly Statement for composition taxable person – CMP 08 for July to September 2022.

20th

GST GSTR 3B for September 2022 if aggregate turnover is above ₹ 5 crores. 
Return for Non-Resident foreign taxable persons – GSTR 5 for September 2022.

22nd

GST GSTR 3B for September 2022 if aggregate turnover is below ₹ 5 crores for Andaman & Nicobar Islands, Andhra Pradesh, Chhattisgarh, Dadra & Nagar Haveli, Gujarat, Goa, Karnataka, Kerala, Lakshadweep, Madhya Pradesh, Maharashtra, Puducherry, Tamil Nadu, Telangana.

24th

GST GSTR 3B for September 2022 if turnover is below ₹ 5 crores for the Rest of India.

25th

GST ITC-04 for the period 01 April 2022 to 01 October 2022 in respect of principal whose aggregate turnover during FY2021-22 exceeds ₹ 5 crores. 

30th

LLP Form 8 Annual Account or Statement of Accounts for F.Y. 2021-22. 

31st

GST To opt-out or in from QRMP for the period October to December 2022.
TDS TDS Quarterly Statements (Other than Government Deductor) for July to September 2022.
Prof. Tax Monthly Return Tax Liability of ₹ 1,00,000/- & above for September.
Income Tax TCS Quarterly Statements (Other than Government Deductor) for July to September 2022.


Due Date to furnish the audit report for transfer pricing regulations for F.Y. 2021-22.

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