Category: Human Resource Management

Human Resources is just what it says: resources for humans – within the workplace! Depending on the size of the company, some companies have more than one HR Department – Corporate and Administration.  In such cases, an organizational chart with boxes representing hierarchical position starting at the top with the first and single-most important being […]

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Marketing research : is the systematic identification, collection, and analysis of qualitative and quantitative data about issues relating to marketing products and services for the sole purpose of assisting management in decision making related to the identification and solution of problems and opportunities in marketing. The goal is to identify and assess how changing elements of the marketing mix (product, price, place, and promotion) impacts customer behavior. […]

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Statutory Compliance means adhering to rules and regulations of the state in which the business is established.  All the labor and taxation laws of the state come under statutory compliance.  Every company in India has to mandatorily abide by both national and state-level laws. Hence dealing with statutory compliance requires companies to be well-versed with the […]

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The Minimum Wages Central Rules,1950 provides for fixing minimum rates of wages in certain employments, which are included in the schedule. The Delhi Government is following the Minimum Wages Central Rules 1950 for the effective administration and monitoring of Minimum Wages Act,1950. Compliances Applicability The Act applies to the schedule of employment for which minimum […]

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The Payment of Bonus Act, 1965 aims to regulate the amount of bonus to be paid to the persons employed in establishments based on its profit and productivity. The act applies to the whole of India for all establishments which had twenty or more persons employed on any day during the year. In this article, we examine […]

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The Maharashtra Minimum (Basic) Wages Notification (July 2019) Government of Maharashtra vide notification No.MWA-1015/418/CR-140/LAB-7 has introduced revised basic rates of wage effective from 24th July 2019 for shops and establishment in the state. This notification revises the existing basic rates and a new dearness allowance notification may be released which would be calculated to arrive […]

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The Factories Act is a social legislation that has been enacted for occupational safety, health, and welfare of workers at work place. The State of Karnataka has formulated its rules as envisaged under the Act and they are known as The Karnataka Factories Rules, 1969. Applicability The Act is applicable to all factories engaged in […]

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From 1 January 2017, minimum wage rates in Haryana have been revised as follows: Sl No. Category Sub Category Monthly Wage Daily Wage 1 Unskilled   8280.2 318.46 2 Semi-Skilled-A   8694.2 334.39   Semi-Skilled-B   9128.91 351.11 3 Skilled-A   9585.35 368.66   Skilled-B   10064.62 387.1 4 Highly Skilled   10567.85 406.45 5 Clerical […]

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To regulate the working condition of the employees engaged in Shops, Commercial Establishments, Hotel, Theatres and other Establishments, the Bombay Shops and Establishment Act, 1948 come into the force on 11th January 1948. This Act restricts timing of opening and closing hours of Shops and Commercial Establishment. It keeps control on daily and weekly hours […]

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Every employee works the whole month and looks forward to the compensation given as salary at the end of the month.  The accounting personnel working in excel sheets executing pay for the employees avoiding errors. The employees’ attendance and leaves also need to be checked while calculating the salary. To add to the woes, tax […]

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