Accrued payroll is a critical component of financial accounting that refers to salaries, wages, bonuses, and other compensation owed to employees but not yet paid. Businesses track accrued payroll to ensure accurate financial reporting and compliance with labor laws. Since payroll expenses accumulate over time, they need to be recorded in financial statements to reflect …
Introduction Payroll migration is a crucial process for businesses transitioning to a new payroll system. Whether switching to a cloud-based payroll provider or upgrading an existing system, ensuring a smooth migration is essential to avoid payroll errors, compliance issues, and employee dissatisfaction. A well-planned payroll migration can streamline operations, improve efficiency, and ensure payroll accuracy. …
Millions of people deal with mental health issues every day, and mental health raises vital awareness of these issues. The time has come to give mental health in the workplace top priority. Since work takes up many of our lives, it is essential to comprehend how mental health affects professional environments, both for employees and …
The Employees’ State Insurance (ESI) Act of 1948 is a piece of Indian social security legislation that provides financial protection to employees in the event of sickness, maternity, disability, or death as a result of an employment injury. It is one of the most important acts aimed at providing medical care and financial assistance to …
Introduction The Factories Act, 1948, is a landmark piece of legislation in India aimed at safeguarding the health, safety, and welfare of workers employed in factories. It sets the framework for regulating labor conditions in industrial establishments, ensuring that workers are treated fairly and work in safe environments. By standardizing working hours, implementing safety measures, …
Payroll taxation in India is a cornerstone of financial and legal compliance for businesses. As companies grow and employ staff, they must adhere to several payroll tax regulations designed to ensure employee welfare and government revenue. For businesses, navigating these requirements can be both challenging and critical to their operational success. This article explores the …
The Contract Labour Act addresses a number of related topics, including regulating the use of contract labor in specific companies and outlawing it in specific situations. The contract labour law is regulated under Central and State Rules and monitored by the Center and state governments. Under The Contract Labour Act, a workman is employed as …
In India, labor law compliance is not just a legal requirement but also a cornerstone of ethical business practices. Employers must navigate a complex framework of labor laws to ensure their operations align with employee rights and welfare. But what does labor law compliance entail, and why is it so vital for businesses? Let’s explore. …
1. What is Equal Pay ? In the Indian Constitution aim to give equal chances for all people, irrespective of gender. The significance of providing equal compensation for equal work for men and women is been levied in Article 39(d)3. Equal Pay means, men and women should be paid equally even when they are performing …
Contingent employment refers to work arrangements where employees are hired on a temporary basis rather than for long-term or permanent roles. In India, contingent workers are often brought in for specific projects, seasonal work, or roles that require specialized skills for a short period. These workers could range from temporary staff, freelancers, consultants, or gig …