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Odisha Minimum wages from October 2023 to March 2024.

Odisha Minimum wages from October 2023 to March 2024. Compliances

Oct 182023

The Government of Odisha has notified the revised rate of minimum wages for the scheduled employment that takes effect from 01 October 2023.

MW-Orissa: (DOWNLOAD)

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Bihar Minimum Wages were revised from 1st October 2023 to 31st March 2024.

Bihar Minimum Wages were revised from 1st October 2023 to 31st March 2024. Compliances

Oct 112023

The Government of Bihar, vide Notification No- 1687,1688 Dated- 31.03.2023 Gazette No.- 298 Dated 10.04.2023, revised the VDA effective 1st October 2023. Please refer to the notification for more details

BIHAR MINIMUM WAGES 01-10-2023 TO 31-03-2023 (DOWNLOAD)

SOURCES BY: PCS CONSULTANCY

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Punjab Factory Rules Amendment 2023.

Punjab Factory Rules Amendment 2023. Compliances

Sep 272023

The Labour dept of Punjab has amended certain rules of the Factory Act 1948, and section 65 subsection (3) and clause (IV) have been amended pls refer to the said notification

Punjabi Factory Act Amendment: DOWNLOAD

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How can healthcare professionals benefit from using Cloud Payroll and HR Software in their day-to-day operations?

How can healthcare professionals benefit from using Cloud Payroll and HR Software in their day-to-day operations? HR SOFTWARE

Jul 102023

Integrating Cloud Payroll and HR Software into the day-to-day operations of healthcare professionals brings forth a myriad of benefits.
This cutting-edge software boasts a comprehensive suite of features that revolutionise the management of critical tasks like payroll and timesheet tracking, resulting in heightened efficiency and productivity.

One of the standout advantages of employing Cloud Payroll and HR Software is the significant time savings it affords. By automating mundane administrative processes, Healthcare professionals can allocate more of their valuable time to patient care and other essential responsibilities.
This streamlined approach optimises workflow and bolsters overall operational effectiveness.
The Cloud Payroll and HR Software platform guarantees accuracy and compliance in payroll management.

With ever-changing tax regulations and complex laws, healthcare professionals can rely on the software’s advanced capabilities to precisely calculate salaries,
deductions, and tax withholdings. This not only minimises the risk of errors and penalties but also upholds financial integrity and legal compliance.
Furthermore, Cloud Payroll and HR Software simplifies the recording and tracking of employee timesheets, facilitating seamless attendance management and effortless payroll processing.
Its intuitive user interface empowers healthcare professionals to effortlessly navigate the system, delivering a user-friendly experience while freeing up valuable time for other critical tasks.

What Are The Benefits Of An Employee Management System?

An Employee Management System, integrated with employee performance tracking software, offers many benefits to organisations.
First, it provides an accurate and objective performance evaluation. The software allows companies to set performance goals and metrics. track employee progress and generate comprehensive performance reports. By eliminating biases and subjectivity, the system ensures fair and consistent evaluations.
This helps identify high-performing individuals, recognise their contributions, and provide targeted development plans for underperforming employees.
Ultimately, it enables organisations to make informed decisions regarding promotions, rewards, and talent management strategies.

Secondly, an Employee Management System with performance-tracking software enhances communication and collaboration within the workforce.
The software enables real-time feedback and performance discussions between managers and employees.
Regular feedback and coaching help employees align their goals with the organisation’s objectives, understand expectations, and make necessary adjustments.
Additionally, the system facilitates practical goal setting and progress tracking, allowing teams to work towards shared targets.
This fosters a culture of transparency, accountability, and teamwork where employees feel empowered, engaged, and motivated to contribute their best efforts.

What are the features of HRMthread that can be used in the healthcare sector?

HRMThread provides a comprehensive suite of features designed specifically to cater to the distinct requirements of the healthcare industry.
Let’s explore some of these key functionalities that can greatly benefit healthcare organisations:
1. Employee Onboarding: Seamlessly onboard new employees, ensuring a smooth and efficient integration into the organisation.
Simplify paperwork, policy acknowledgments, and training processes.

2. Shift Scheduling: Optimise staff scheduling to ensure adequate coverage and meet patient demands.
Take into account employee availability, skills, and compliance requirements to create effective and balanced schedules.

3. Leave Management: Streamline the management of employee leave, including vacation, sick days, and other time-off requests.
Automate the approval process, track leave balances, and maintain accurate records.

4. Performance Management: Establish clear performance goals and conduct regular performance reviews.
Enable ongoing feedback and recognition to foster employee growth and development.

5. Time and Attendance Tracking: Accurately capture and manage employee attendance data.
Ensure compliance with labour regulations, facilitate payroll processing, and identify attendance trends for improvement.

6. Employee Self-Service: Empower employees to access and manage their own information.
Provide a self-service portal for viewing pay stubs, accessing tax forms, requesting time off, and updating personal details.

7. Compliance and Reporting: Stay compliant with healthcare industry regulations and reporting requirements.
Generate comprehensive reports on employee data, payroll, and workforce analytics for informed decision-making.

How safe is it?

In addition to its time-saving features, HRMThread offers robust data security measures to safeguard sensitive information.
The software ensures the confidentiality and compliance of personal and financial data, aligning with industry standards and regulations.

In conclusion, healthcare professionals who embrace HRMThread in their day-to-day operations benefit from streamlined processes, time efficiency,
accurate payroll management, and enhanced data security.
This innovative solution enables professionals to optimise their operations and channel their focus towards delivering exceptional care to their patients.

Frequently Asked Questions

Q.1: What are the advantages of using recruitment software?
A. Recruitment software is a great tool for companies to streamline their recruitment process.
It helps companies save time and money by automating mundane tasks such as screening resumes, scheduling interviews, and managing job postings.
Additionally, it allows employers to easily search for qualified candidates and match them with the right job openings.

Q.2: What is performance management software?
A. Performance Management Software is a set of tools that helps companies measure and manage employee performance.
It enables managers to track employee progress, identify improvement areas, and provide real-time feedback.
This type of software also allows organisations to set goals and align them with corporate objectives.

Software Solutions Available on:

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Sensys Technologies Pvt. Ltd.

Exemption to all Shops & Establishments for operating 24/7 in the Telangana State.

Exemption to all Shops & Establishments for operating 24/7 in the Telangana State. Compliances

Apr 192023

The Government of Telangana hereby issues guidelines for granting exemption from section 7 (Opening and Closing hours) of the Telangana Shops And Establishments Act, 1988 to all Shops & Establishments as defined in section 2 (21) of the Telangana Shops & Establishments Act, 1988 for operating 24/7 in the Telangana State, subject to the following conditions namely:-

(i) Issue of ID cards,

(ii) Weekly off,

(iii) Weekly working hours,

(iv) Overtime wages,

(v) Compensatory holiday with wages in lieu of employees attending duty on a notified national /festival holiday,

(vi) Adequate safety of Women employees,

(vii) Consent of women employees to work in night shift,

(viii) To and from transport from Women employees working in night shift,

(ix) The Management shall maintain the records and furnish returns as prescribed by the State Government within time,

(x) Subject to compliance with provisions under the Police Act & Rules in force, and

(xi) Subject to payment of an annual fee of Rs.10,000/- (Rupees ten thousand only) for each store to open 24×7 under the Telangana Shops And Establishments Act, 1988.

The relevant official notification is attached for your kind reference,

Guidelines on the exemption from opening and closing hours of Telangana Shops and establishments act:- DOWNLOAD

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Central Minimum Wages from 1st April 2023 to 30th September 2023.

Central Minimum Wages from 1st April 2023 to 30th September 2023. Compliances

Apr 132023

Please find attached herewith Central Minimum Wages rates w.e.f. 01/04/2023 to 30/09/2023.
Kindly comply accordingly from April 2023.

Check out the below attachment

Central Minimum Wages from 1st April 2023 to 30th September 2023.

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Maharashtra Profession tax amendment 2023.

Maharashtra Profession tax amendment 2023. Compliances

Apr 102023

Govt of Maharashtra notifies Maharashtra State Tax on Professions, Trades, Callings, and Employments (Amendment) Bill, 2023 to notify changes in Profession Tax Rates w.e.f. 01.04.2023. One notable change is that bill exempts the professional tax payable by the women who draw the monthly salary or wages up to rupees twenty-five thousand w.e.f. 01.04.2023.

(1) This Act may be called the Maharashtra State Tax on Professions, Trades, Callings, and Employments (Amendment) Act, 2023. (2) It shall come into force on the 1st of April 2023. 2. Amendment of section 27A of Mah. XVI of 1975. In Section 27A of the Maharashtra State Tax on Professions, Trades, Callings, and Employments Act, 1975.

AS PER L. A. BILL No. XIII OF 2023 OF MAHARASHTRA GOVT DATED 20th MARCH 2023 MADE FOLLOWING AMENDEMENTS.

(1) This Act may be called the Maharashtra State Tax on Professions, Trades, Callings, and Employments (Amendment) Act, 2023.

(2) It shall come into force on the 1st of April 2023

Revised Slab from 1st Apr 2023.

(i) In the case of men, whose monthly salaries or wages,–

a) Upto 7500 – NO Profession Tax.

b) >7500 but less than 10,000 – 175/- Per Month.

c) >10,000 – 200/- Per Month (In Feb Month-300).

(ii) in the case of women, whose monthly salaries or wages,–

a) Salary < 25,000: No Profession Tax.

b) Salary > 25,000 : 200/- Per Month (In Feb Month-300).

Gazette Copy:- 👇

Mah-PT-Amdmt-Act-2023

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EPFO fixes Interest Rate for 2022-23 @8.15% pa.

EPFO fixes Interest Rate for 2022-23 @8.15% pa. Compliances

Apr 052023

The 233 meeting of the Central Board of Trustees, EPF was held today in Delhi under the Chairmanship of Shri Bhupendra Yadav, Union Minister for Labour & Employment and Environment, Forest & Climate Change. The Vice-Chairmanship of Shri Rameshwar Teli, Union Minister of State for Labour & Employment, Petroleum & Natural Gas and Co-Vice-Chairpersonship of Ms. Arti Ahuja, Secretary Labour & Employment and the Member Secretary Smt. Neelam Shami Rao, Central P F Commissioner was also present during the meeting.

The Central Board recommended an 8.15 % annual rate of interest to be credited on EPF accumulations in members’ accounts for the financial year 2022-23. The interest rate would be officially notified in the government gazette after approval of the Ministry of Finance, following which EPFO would credit the rate of interest into its subscribers’ accounts.

Here are a few key points to remember about EPF Interest Rate:

● The interest rate of 8.15% has come into effect and will apply to EPF deposits made between April 2022 and March 2023.

● Even though the interest is calculated monthly, it is only deposited to the Employees’ Provident Fund account once a year on March 31st of the applicable fiscal year.

● The transferred interest is added to the next month’s balance, i.e. April’s balance, and is then used to calculate interest.

● If no contributions are made to an EPF account for 36 months in a row, the account becomes dormant or inoperative.

● Employees who have not reached retirement age might earn interest on their inactive accounts.

● Interest is not paid on funds put in retired employees’ inactive accounts.

● The interest collected on dormant accounts is taxed at the member’s slab rate.

● The employee will not receive any interest for payments made by the company to the Employee’ Pension Scheme. However, beyond the age of 58, a pension is provided out of this amount.

Please take note of the same.

DOWNLOAD: The Central Board Trustees (CBT) EPF recommends an 8.15 % rate of interest to EPF subscribers for FY2022-23.

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PAN-Aadhaar linking deadline extended to 30 June 2023.

PAN-Aadhaar linking deadline extended to 30 June 2023. Compliances

Mar 292023

It has become a mandatory process to link your PAN with your Aadhaar. This is an important process because this will allow your income tax returns to be processed.

To provide some more time to the taxpayers, the date for linking PAN & Aadhaar has been extended to 30th June 2023, whereby persons can intimate their Aadhaar to the prescribed authority for PAN-Aadhaar linking without facing repercussions.

Checkout for more details: CLICK HERE

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5 Performance Management Problems.

5 Performance Management Problems. Compliances

Mar 102023

Performance management is essential to HR management, but many organizations need help with effective performance management. Fortunately, HRMS software can help mitigate these issues, providing a more streamlined and efficient approach to managing employee performance. Here are five common performance management problems that can be solved with the help of HRMS software.

1. Inefficient and Inaccurate Performance Reviews Many organizations need help conducting performance reviews, which can be time-consuming and prone to errors. However, HRMS software can simplify the process by automating the performance review process, from scheduling to feedback collection and even generating performance reports.

2. Lack of Clarity in Performance Goals Setting clear and measurable performance goals is crucial for employee motivation and productivity. HRMS software can assist in defining performance goals that are specific, measurable, achievable, relevant, and time-bound (SMART).

3. Inadequate Feedback and Coaching Effective performance management involve providing timely and constructive feedback and coaching to employees. However, managers often need help to provide regular feedback and coaching due to time constraints.

4. Inconsistent Performance Evaluation Criteria Inconsistency in evaluating employee performance can lead to a lack of trust among employees and result in potential legal issues. HRMS software can provide a standardized framework for evaluating employee performance, ensuring consistency and fairness in performance evaluations.

5. Limited Access to Performance Data In many organizations, performance data is spread across multiple systems and platforms, making it difficult to access and analyze. HRMS software can provide a centralized platform for storing and analyzing performance data, enabling HR managers and executives to access real-time performance reports and data analytics.

Why Is Performance Management Important

Performance management is critical for the success of any organization. It helps managers to set clear goals and expectations for their employees, monitor their performance, and provide feedback and coaching to improve their performance. It also helps identify areas of strength and opportunities for development, which can lead to better job satisfaction and engagement. Performance management encourages communication, accountability, and transparency, essential for effective teamwork and collaboration. It also enables organizations to measure the success of their strategic objectives and make data-driven decisions to improve the performance of their workforce.

One essential component of performance management is employee data management software. This software allows organizations to collect, store, and analyze performance-related data, making monitoring performance over time and identifying patterns and trends more accessible. With employee data management software, managers can quickly access individual and team performance information, identify areas of strength and weakness, and make data-driven decisions about training, coaching, and other performance improvement initiatives.

What Are the Most Common Performance Management Problems that Managers Deal with on the Job

Effective performance management is essential for the success of any organization, but managers often face common challenges when managing employee performance. These problems can include a lack of clear and measurable goals and expectations, inconsistent performance evaluations and ratings, ineffective feedback and coaching, failure to address poor performance and behaviour, and limited opportunities for growth and development. These issues can lead to disengagement, low morale, and reduced productivity. Effective performance management is critical to overcoming these challenges and achieving the desired outcomes. It requires managers to communicate clearly with their employees, provide timely and specific feedback, and create opportunities for growth and development, among other strategies.

How Can You Solve The Problems

One solution to these performance management problems is using performance management software. Such software automates performance management, enabling organizations to set and track goals, provide regular feedback, and measure employee performance more accurately. By automating these processes, performance management software can help ensure that the performance management process is consistent and transparent, improving employee morale and increasing productivity.

Moreover, performance management software can provide managers and employees with real-time performance data that can be used to identify trends and patterns and to track progress toward goals. This can help identify and address performance gaps early on, allowing for more targeted interventions to improve employee performance.

Frequently Asked Questions

Q1. Why is Hr management Software Important?

A. HR software is important because it allows HR teams to streamline and automate many day-to-day tasks and processes, such as managing employee records, tracking time and attendance, and processing payroll. This saves time, reduces administrative burden, and allows HR to collect and analyze data more effectively.

Q2. How Does Performance Management Software Make the Process Smooth?

A. Performance management software can make the performance management process more smooth by automating many steps, such as setting goals, providing feedback, and tracking progress. This can save time and reduce administrative burden while providing a centralized performance data and feedback platform.

Q3. How Easy is it to Setup Performance Management Software?

A. The ease of setting up performance management software will depend on the specific software chosen and the level of customization required. However, many performance management software tools are designed to be user-friendly and intuitive, with straightforward setup processes.

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