A salary breakup refers to the breakdown of an employee's salary into different components, such as basic pay, housing allowance, travel allowance, and various deductions. It is a detailed breakdown of the various elements that make up an employee's total salary package. It typically includes the gross salary, basic salary, various allowances, deductions, [...]
Statutory compliance refers to the adherence to laws and regulations set forth by government agencies. This can include compliance with labor laws, taxes, health and safety regulations, and environmental protection rules. Businesses and organizations must follow these rules in order to avoid penalties or legal action. [...]
The Employee Self Service Portal can drastically change your work environment. Earlier, you had to wait for hours or days for an approval, but the approvals are almost instant now! No more filling papers, everything is fully electronic. It's no longer required to meet your HR to apply for a leave, to submit [...]
Your employees may be working from different locations across the globe. But, the attendance software collects data from all locations in real-time! Time Attendance or Access Control devices uses biometric authentication technologies like Face, Palm or Fingerprint Identification to collect data accurately and instantly. [...]
When you are managing a lot of employees, it's tiring to extract information from a heap of attendance, leave, shift data. Presenting an all-in-one screen With attendance, leave, holiday, shift, overtime and much more This screen is fully editable for administrators [...]
Managing a large number of employees is not easy! Your employees may be working from different locations at different shift times some may work overtime some are travelling often And they have different requirements: some want to go on vacation some are [...]
Earlier companies used to transfer salary directly to employee's bank account. After inception of WPS Kerala, company has to notify the WPS system to initiate salary transfer. The Wage Protection System in turn informs the bank to transfer the salary to employee's account. I’m going to [...]
Compensatory Off or Compensation Off or simply Comp Off is a leave granted to an employee as a compensation for working on a holiday or a weekly off day at the request of his employer. Employers may request employees to work extra hours to meet unforeseen emergencies and later the employees can be compensated [...]
Assessment Year (AY) is the year in which a Financial Year's income is assessed. A Financial Year cannot be assessed until it is complete. So, the Financial Year is assessed in the year following, and hence the year that follows a Financial Year is called the Assessment Year. A Financial [...]
A Fiscal Year also called a Financial Year is a twelve month accounting period that a government or a business uses for financial and tax reporting purposes. A Fiscal Year may not be the calendar year, it's different for different countries and businesses. Fiscal Year in different countries The Fiscal [...]