Calender. with Statutory Dates & Interesting HR Facts

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Julie Johns
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1 Calender with Statutory Dates & Interesting HR Facts Version Systems Pvt. Ltd. factohr.com versionsystems.com TM TM Pay Slip Plug Me! Approval Attendance Punch Attendance App Travel App Expense Claim Leave App

2 NOTES

productivity of newly hired employee by 54% 77% of new hires who reaches ﬁrst

3 On-Boarding Better Employee Engagement Be Productive from Day One Streamline On-Boarding Processes 31 s t - TDS Return Formal On-Boarding can increase productivity of newly hired employee by 54% 77% of new hires who reaches ﬁrst performance milestone had formal On-Boarding Makarshankranti - 14 Republic Day - 26

4 Attendance No Physical Paper Work Bio-metric Device Integration Ease of Access Welcome! Your Attendance has been registered With technology innovation, you can use Mobile as an Attendance Machine 82% of company don t have bio-metric machine integrated with their payroll system Maha Shivratri - 24

whether not to stay in a company within 6 months Your managers should be

5 Apply Leave Leave Paperless Request & Approval Extensive Conﬁgurable Options Empowering Employees & Managers Leave Approved 80% of new hires decide whether not to stay in a company within 6 months Your managers should be empowered to take decision for employee s leave & attendance Holi - 13 Gudi Padva - 28

6 Travel & Claim Record Expense with Photo Proof Compare Budget with Actual Spending Streamline Expense Work ow Applied Approved Processed th 15 - ECR Filing st 21 - ESIC Filing th 30 - TDS Challan Mobile base expense tracking can save up-to 70% of time in managing expenses 45% of cash leakage in the company is due to lack of proper business expense tracking system Ram Navami - 04 Mahavir Jayanti - 09 Dr. Ambedkar Jayanti - 14

7 Payroll Scalability Operational Efﬁciency Timely Efﬁcient Statutory Compliance 31 s t - TDS Return & Form 16 Distribution Replacing a salaried employee costs 6 to 9 months on an average to the organization Salary on time will increase employee satisfaction

8 Performance Management Identify High Performer Objective Measure with KRA KPI Improve Decision Making with Budget Allocation 60% 80% 35% Proper KPI can align employee to the Mission and Goals of organization Performance Evaluation is a tool to align employee s goal with company s mission Ramazan / Idul Fitr - 26

9 Human Capital Management All Information at Single Place Store Employee Documents and Proof Download Pre-Field Letters and Forms 31 s t - TDS Return & Individual Return File Happy Employees are 12% more productive at work Exit Interview is crucial to improve future HR policy and recruitment policy

10 Loan Management EMI Calculation Recover Loan from Salary Loan Eligibility Calculation 62% of Entrepreneur don t have system to track loans given to workers Recover pending employees Loan from salary with factohr Raksha Bandhan - 07 Janmashtami - 14 Independence Day - 15 Ganesh Chaturthi - 25

11 Mobile Application Increase Productivity Increase Proﬁtability Increase Presence By 2019, 68% of companies will have their HR Portal on Mobile Business with Engaged Employees have 18% higher productivity Bakri Id / Idu'l Zuha - 02 Durga Puja / Dussehra - 30

12 Dashboard & Reports Module Wise Dashboard Alerts & Notiﬁcation Work ow & Approval 31 s t - TDS Return Cost of New Employee s Training is almost 1 to 2% of total revenue of the company Bet on System Driven Payroll rather on individuals Muharram - 01 Mahatma Gandhi Jayanti - 02 Diwali - 19 Vikram Samvat New Year - 20

13 Income-Tax & Statutory Compliance TDS Calculation Form 16 and 24Q Generation PF, ESIC, Professional Tax, Minimum Wages, Gratuity, Bonus etc. Company should not rely on individuals but should have system of checks and balances Never miss a deadline of statutory returns when you can generate all the Reports with Single Click Guru Nanak Jayanti - 04

14 Employee Self Service Portal Online Income-Tax Proof Submission Eliminate Paper and Based Approvals Increase Transparency and Employee Friendliness Transparency within company will drive Employee Satisfaction and result in Customer Satisfaction which ultimately increase proﬁtability 4 out of 5 queries comes to hr are related to Payslip, Loan or Leave Balance Christmas Day - 25

15 REMINDER January February March April May June

16 REMINDER July August September October November December

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