11 minute read ● Updated: 05 Sep, 2024 What is RecruitmentTypes of RecruitmentProcess of RecruitmentThe Role of Technology in RecruitmentThe Importance of Recruitment in HRMBenefits of a Good Recruiting Process for the OrganizationBecoming a Smart RecruiterRecruitment...
09 minute read ● Updated: 04 Sep, 2024 Are you struggling to find the right talent for your Indian business? In today's rapidly evolving job market, your hiring approach can significantly impact your company's success. Traditional hiring methods, such...
4 minute read ● Updated: 24 August, 2024 In today's digital age, YouTube has become an integral part of our daily lives, offering a vast array of content spanning from educational videos to entertainment. However, accessing certain YouTube channels...
In today's rapidly evolving business landscape, where talent is the driving force behind success, organizations are constantly seeking ways to optimize their human capital management strategies. The quest for top talent has given rise to a thriving HR...
Pregnancy and childbirth are crucial phases in a woman's life. To support working women during this time, the Indian government has put in place maternity leave policy that allow expecting mothers paid time off work. Over the decades, maternity leave rules in India...
Managing employee data is a critical activity for HR teams and people managers across organizations. However, dealing with cluttered spreadsheets and paper documents makes accessing and analyzing workforce information difficult. This is where dedicated HR employee...
Who doesn't want more money or financial freedom? Most people would jump at the chance to have greater monetary benefits, yet many are unaware of ways to maximize the financial compensation and perks available to them. There are myriad monetary...
Earned Leave, also known as Privilege Leave (PL) or Vacation Leave (VL), refers to paid time off that employees are entitled to annually based on their work tenure. Employees ‘earn’ these leaves in return for days worked during the year. Earned Leave is also sometimes termed as Annual Leave (AL) or Flexi Holiday by certain organizations.
Leave entitlements and policies in India have undergone many changes over the years. The leave types in India have evolved to include options that aim to promote work-life balance along with employee engagement and well-being. Understanding the different...
An appointment letter is an official document issued by an employer to a prospective employee, confirming their selection for a specific job role. It outlines the job title, responsibilities, compensation, benefits, and terms of employment.
A pay structure refers to the system and policies a company uses to determine employee compensation. It includes the various components that make up an employee’s total remuneration package.
Have you ever wondered what exactly makes up your total compensation as an employee? Beyond just your in-hand salary amount, your remuneration package consists of various components and perks. But do you fully understand what these components are and the typical...
Bereavement leave, also known as compassionate leave or mourning leave, is a type of time off granted to employees to cope with the death of a close family member or someone with whom they have a significant personal relationship. The purpose of bereavement leave is to provide employees with the time and space they need to grieve, make necessary arrangements, and attend funeral services without worrying about work-related responsibilities.
Leave without pay (LWP) is a type of unpaid time off that allows employees to take extended leaves from work for various personal, medical, or professional reasons. The key distinguishing factor of LWP is that employees take this time off without pay, meaning they forgo their usual wages and salary during the Leave without pay period.
The statutory bonus in India is paid according to the bonus payment law (1965). The bonus is a deferred benefit, and some companies choose to pay it in advance. Eligibility for the bonus has been increased to include employees' income up to INR 21,000 per month...
Sick leave refers to paid time off from work that employees can take when they are too ill or injured to work.
A casual leave or CL is a type of paid leave that allows employees to take short leaves from work for a variety of personal reasons. Casual leaves provide employees the flexibility to take time off from work for small yet important events in life without having to use their regular annual leaves.
AWOL stands for “absent without leave.” It refers to an employee being absent from work without having obtained approved leave in advance.
FnF, which stands for Full and Final, is a financial settlement made between two parties to fully close outstanding dues, liabilities, or contractual obligations. It signifies a complete and final payment towards any amounts owed between two individuals, companies, or organizations.
Parting ways with an employer inevitably involves paperwork to settle accounts. The full and final settlement is the last paycheck and financial settlement between an employer and an exiting employee encompassing all pending dues. But what exactly does the full and...
