2020 Employee News Update: Social Security Schemes of Government

The Statistics and Program Implementation Ministry friday said 6,238,061 new records were included under the Employees Provident Fund Organization in the April-November time of 2019, with November representing the most elevated representative added to the conventional workforce at 1,162,863. This is higher than the total net expansion to EPFO in 2018-19 (6,112,223) and returns on the of the month-on-month decrease in the quantity of individuals who have stopped to be EPFO supporters.

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How Even Small Businesses Can Provide Great HR

Human Resource Management deals with issues related to compensation, performance management, organization development, safety, wellness, benefits, employee motivation, training, and others. HRM plays a strategic role in managing people and the workplace culture and environment. The need of HR Dept. is must for every business.

However, being competitive in these areas isn’t always easy for small and medium-sized businesses. Smaller companies often don’t have the budgets to support the necessary personnel, and sometimes HR issues can be so thorny, it takes experts to navigate them successfully.

But, in many cases, even if a business is able to staff an HR department, it’s not always considered the best allocation of resources. If money can be saved using some form of outsourced HR, more funds will be available to invest in core activities

Also, don't forget that some mistakes in HR management will not only hurt employee loyalty but can lead to fines. Trusting your HR responsibilities to an employee who only deals with these issues on a part-time basis, or who isn’t sufficiently trained in HR matters, can cost you dearly.

So, Topmost Solution to these problems is hiring an HR Outsourcing firm, which can handle all your HR-related stuff, you just need to focus on your core activities. There are many organizations or firms which provides these services.

Now Point Comes how to find the most reliable and efficient firm for your business.
Here is the list of points which you need to check: -

1. Always check its presence, how old the particular company is.
2. Always check company reviews, Reviews can easily help you judge any of the organization.
3. Always Check the cost-effectiveness of the company, the rates they are offering you must need to be near the market price.
4. Always check the company clients, how many clients a company has i.e checking the market reputation of the company.
5. Always read the terms and conditions carefully, as there are many hidden terms and conditions are which generally organizations don't show initially.


So these are tips which are necessay to keep in mind when we are looking for HR Outsourcing Organisation for our company.

Xeam Ventures is one of the topmost brands which provides end to end HR Services including Payroll Management, HR Management, Compliance Management. To know more about us, please refer: https://www.xeamventures.com/

Benefits of Payroll Management Services

1. Employee calendars

Available with some payroll software solutions, employee calendars give you a super easy way to manage sick leave, absences, and overtime. Moreover, you can see how long employees are away for, whether they should be at work, what type of leave they are currently on, how much leave they are entitled to, etc. It makes planning a lot easier.

2. Cost Effective

Payroll Management Software reduces the manpower and other paperwork which makes it less costly as compared to the traditional method.

3. Tax updates

You might have missed the latest tax updates, but payroll software will help you by notifying you when these updates arrive.

4. Added Security

By managing payroll with payroll software, a company removes the uncertainty that comes with the sending of private employee information to a third party. You will still need to consider the security of your own IT systems however, though you can be sure with a good payroll solution will accord with the highest IT security standards.

5.Create Payslips

With the Usage of Payroll Management System, it is easy to create payslips. Payroll System allows you to quickly and easily generate payslips for all your employees, and with templates, you can be sure that the statutory minimum amount of information is included.

IF you are also looking for a company which can provide these payroll Services or Helps you in achieving this, then please check Xeam Ventures. Xeam Ventures is one of the best Company which provides Payroll Management Services.

To know about us, please refer: https://www.xeamventures.com/payroll-management/

Why do companies outsource human resources?

Outsourcing HR functions can help you manage employee performance and development. HR providers implement performance management plans to ensure employees comply with company policies and procedures and successfully meet your business goals. They periodically monitor employee performance and report findings to management. This reduces the workload of your managers by minimizing their administrative responsibilities.

TOP REASONS TO OUTSOURCE HR FUNCTIONS:

1. Cost Savings

Overhead costs associated with performing HR services are typically very high. A fully-functional HR department requires additional office space and highly trained and experienced HR staff. Many small businesses simply can’t afford this expense and find that it’s more cost-effective to outsource HR functions. Outsourcing HR helps reduce your costs and helps you avoid trying to financially maintain nonrevenue-generating back-office expenses. Furthermore, HR outsourcing costs are variable and can be reduced when business needs a warrant.

2. Payroll and Accounting

The cost of outsourcing payroll is very cheap compared to the cost of maintaining an in-house payroll staff. The outsourced company can be responsible for employee pay slips, advising on tax and deduction questions and also offer a payroll analysis for accounting purposes. This frees up time in calculating the payroll and dealing with different and sometimes difficult employee situations.


3. Efficiency: When you outsource HR functions, managers spend more time focusing on their skills making the workplace more efficient –what a business owner wants to thrive.
Forget investing time with employees on developing engagement initiatives –compliance issues will consume all of your time. These are good reasons to consider HR outsourcing.

4. Compliance Management: This is one area where many small businesses really struggle to keep up, especially with the changing laws pertaining to hiring, insurance claims management, and benefits regulations. The greatest challenge is that failure to comply can lead to serious financial consequences. Outsourcing HR functions to a trusted provider can help you understand and take action to comply with these laws and regulations.

5. Insurance and Other benefits: As our economy improves, employers are looking for ways to incentivize and motivate their staff. PEO firms provide small employers with the unique opportunity to offer their staff a robust and comprehensive array of employee benefits that are typically available to only the largest corporations. These robust offerings include a wide range of major medical plans and voluntary benefit offerings.


Xeam Ventures is one best HR Outsourcing Company, which can handle Hr, Payroll and Compliance Management of any Organisation.

How Can I Get Job ?

Nowadays Getting Job is not an easy task. People with higher qualification even facing a lot of problems when they are searching for Jobs. In the current scenario, competition for taking the job is quite big, due to which employees have to work in low salaries. To get a Job, you have to compete positively.

There are several ways to Get Job, here I am going to discuss a few of them.

1. Always try to make your career in that field which has long run. When we are starting our career this is the point which gives a turn to your life. A wrong decision leads to dull life and Right decision leads to Bright future. Let's take an example, in today's scenario everybody is doing engineer and everybody wants to be a good engineer and they paid a lot to become an engineer but still after that he is not getting his expected salary, the reason behind this is huge competition. So, we have to think wisely here. Now the point comes, how to think wisely, let me elaborate this as well. As we all might now all the famous Job Portal. We can check from these portals that which technology or which work field has higher Jobs Available. This thing will give you a hint that which field you need to choose.

But sometimes, your career selection depends on our Area too, there might be chances that the particular field is famous in some other region should not famous in your current region where you want to get Job. Let's take an example, let's say a student belongs to JK or any other hilly area and want to become an engineer but he is confused in which field he should take that he can work easily near his hometown. Then if he thinks wisely he comes to know that in hilly area jobs of civil engineering are higher so he can make his career in Civil engineer field. In same this thing work for different scenarios.

2. Try to Make Good Resume/CV: Resume/Cv is one the most important point which can be the reason for your selection or rejection. A good resume always encourages recruiters to do interview call to candidate. Always try to add a summary in your resume at the initial. As whenever recruiter is screening resume they are in a hurry, they will take only 10-20 secs to decide whether they are going to call a candidate or Not.

3. Try to Apply in Reputed Company: There are many advantages to choose Big Reputed companies instead of choosing the local. One of the major benefits is you will get seniors who can guide, in this way you will be able to learn quickly and efficiently. Moreover, Job Security is there in case of Big Companies.

4. Market Research: Always do a marketing research for the company in which you are Applying, As in it will tell you how exactly the company atmosphere is and you will be able to know what company actually do, this thing will be helpful for you to make your resume more impressive according to the desire of the recruiter.

For Example: If a person with 0 years experience have to apply for sales executive post in one of known company, then what he will do as an initial step:-

a) First of all, he can check the company profile from the Internet. Like how many members are there in the company, what type of infrastructure a company has, what are the projects the company has and what kind of staff there are having.

b) Reviews: You can also check the company reviews given by other people and company employees. As we have many websites which can tell us about the company and its reviews given by people. Glassdoor, Mouthshut, and Google Reviews, etc are one of the known websites which can specify about the company and its reviews. A company with a higher rating means employees are happy with their company.

5. Checking JD: This is one of the most important tasks for the Jobseeker which can lead to his Job. Let's continue the salesperson example, if a company wants to hire a salesperson and need some responsibilities then it will be good to build your resume/cv Accordingly. Trust me, this thing which increases the chances of your resume selection.

6. Getting Prepared for Interview: Always try to be in a comfortable form while giving the interview. No nervousness will be accepted. You need to confident and smart enough while giving your Answer. As if you answer to the question for which you don't have an idea or have little bit Idea, and you answer the things which even you don't know practically that will leads the recruiter to ask the questions from your answer and then in this case you will get stuck.

Let's take an example: Let's say, you are applying for profile and interviewer ask you question which you didn't do it practically but theoretically you know ,then in this case generally 90% off the job seekers answer that question and get stuck further when interviewer asks further practical question from the Answer Given By You.

My suggestion would be, Always be clear in front of the interviewer if they ask any question which does not know, just say them, sir, i have little theoretical knowledge about this but I haven't practiced it yet. Trust me, you will get credit even for this answer too.

So basically these are few points which can convert any Job Seeker to Employee of organization. If you are also a Job Seeker and Looking for Good Jobs, please refer this link: Current Openings

You will find multiple Jobs Here at multiple Locations.

Why your business needs a payroll management system?

In every organisation, employees can be full-timers, part-timers, consultants, freelancers, contractors – who work for the company in various positions and receive monetary compensation for their services. These employees are said to be on the ‘company payroll’.

‘Payroll’ is the process of payment of salaries or wages to employees for the work done by them.

However, the term payroll isn’t restricted to salaries. There are other aspects such as withholding taxes, Provident Fund, bonuses, incentives, overtime compensation, consultant fees, etc. All this needs to be calculated for every employee, every month. This calculation

the process is called the ‘payroll system’, and it is handled by the payroll department.

What is the Payroll Management System?

A payroll management system is an administration system that calculates the salary due to an employee and the tax to be deducted. All it needs is the input of basic data like the salary or wages of the employee and leaves taken. The software keeps track of the hours worked, salary due, taxes to be deducted, and can even print cheques for employees and the government (for taxes).

So, To maintain the salaries of the employees without any delay and errors we need a system which is known as the Payroll Management System.

As to keep track of every employee and then calculating the wages of those employees accurately with taxes etc without any error is a very difficult task to do. Any error in the payment of any employees will leads to the wrong salary of that employee, which is not good. So, this task needs to done by a person who has experience in this. So it always better to hire one outsourcing company which can work for them, they will take care of all the legalizations. Instead of wasting your time in these activities you can easily focus on the enhancement of your company.

Xeam Ventures is one of the best company which can handle all your payroll-related need. You don't need to worry about your payroll system and staffing too, they will take care of all your requirements.

HOW MY RESUME CAN BE SELECTED

Recruiters have the power to put you in touch with the job that could change your life (or at least move your career to the next step). As such, you want to impress these people, and wow them with how qualified you are for the next big opportunity.

1. Put Summary in Your Resume: Putting a summary in your resume is a very important part of resume making. In the initial go reader have some idea about the insights of profile. When recruiters are reading resumes, you have seconds, not minutes, to make a great first impression. Also, it’s nice to think that your resume is being read by someone sitting quietly at a desk, giving it his or her fullest attention. But as we all know, sometimes the hectic reality of everyday life gets in the way of that. This person might very well be reading your stuff on the go, or while trying to multitask.

2. Be Specific: This is where your resume objective or summary statement really comes in handy. Think of it as your headline. If you’re looking for a management position, don’t just say, “seeking a management position.” Add keywords that can help the recruiter guide you to the job that’s right for you. Instead, try, “experienced sales and marketing professional seeking a management role with an innovative tech startup.” This gives the recruiter some material to work with when trying to fill particular roles. It saves their time and yours from trying to make you fit in a role you don’t even really want.

3. Cover letter: We need to make an effective cover letter too in which we can mention the reason for looking a Job Change. If you’ve outgrown your role, frame it as “looking for a growth opportunity.” If you were laid off or fired, spin it as “looking for new opportunities.” Recruiters have very less time to judge this thing, so might they less attention to this point.

4. Show off your tech experience:
Make sure you’re putting your tech skills and expertise up front on your resume, possibly by using a combination resume format that puts a summary and your skills up front, followed by the standard reverse-chronological job experience bullets. Just about all industries these days are looking for people who can roll with new technology. Make sure you’re up on the tech trends in your field, and learning them as necessary. That way, you can list these programs or processes proudly, front and center on your resume for recruiters and employers to see.

5. Accurate Data: Wherever possible on your resume, include concrete stats about what you produced or achieved. Produced 12 sales reports per year for the entire company. Met annual sales goals of RS 100,000 for the past four years. Again, you want to give the recruiter concrete information they can take and apply to the job description, or use to sell you to the hiring manager.

6. Include context about your current employer: A quick one-liner about what the company is, what it does, how it is sized, etc. can give the recruiter a very important context.

7. Explain gaps: Recruiters know what it looks like when you’re hiding information. If you do have gaps, try to give context in the cover letter. I was out of the workforce for a temporary personal matter, but am excited about bringing my expertise to this new role. Be honest—the recruiter can help you smooth gaps, but he or she can’t do anything if you offer no context.

If you are a job seeker and looking for Jobs, please refer to this link: https://www.xeamventures.com/current-openings/