• BFSI

    Top Human Resource Management Challenges That You Need to Look After

    The business world is constantly changing, giving rise to a number of human resource management (HRM) challenges. HR professionals have to perform tasks such as workforce planning, training and development, compensation and benefits, while handling legal issues, among other responsibilities. HRM can be a challenge for small businesses because most don’t have in-house HR departments to rely on. Here are eight HRM challenges that startup owners have to face. . 1. Attracting Top Talent: Attracting the best talent takes time, sound judgment and a whole lot of work. This is why this human resource task tops the list of challenges faced by HR professionals. To attract the right people for…

  • BFSI,  Industrial

    What Are the Functions of Payroll Services vs. Human Resources?

    Payroll and human resources (HR) are two extremely distinct functions within a company. While payroll deals with the compensation of employees, HR primarily handles employee relations. However, there are situations where the two roles overlap, and are often performed by the same person, especially in a small company. While this arrangement might look good on paper, since it involves fewer employees to pay and an integrated approach to the functioning of the company, it can cause many problems. A company owner must know the differences in their functions and terminology, but also how the two functions can work together to produce better results. Functions of Payroll Payroll refers to the process…