Author: UBSapp1

Payroll is defined as the function that helps you with understanding how and what a business is paying its employees. It includes distributing money in the form of checks and... Read More

Offshoring is the practice of outsourcing activities to less-developed countries, mainly by corporations from developed countries, in order to reduce the cost of doing business. Lower labour costs, more forgiving... Read More

The net salary is defined as the wage that the employee actually receives before income tax is deducted from the basic salary. It is obtained by deducting the employee’s social... Read More

Employee Retention is a continuous challenge for both the managers and the HRs. You spend time scanning multiple resumes, interviewing candidates, hiring, and onboarding them. You invest in people, provide... Read More

Payroll systems are responsible for all aspects of paying and filing employment taxes. They can track hours worked, calculate wages, withholding tax, and other deductions, print and deliver checks and... Read More

Medical reimbursement is an arrangement between employee and employer under which the employer reimburses a portion of the health expense of the employee. These health expenses are like hospitalization or... Read More

Leave Travel Allowance (LTA) is a salary component given to an employee by employers for travel. It is also known as Leave Travel Concession (LTC. It also helps them save... Read More

KSA or Knowledge, Skills, and Abilities- describes the qualifications given by a prospective candidate to define their knowledge, skills, and abilities in the position they applied to. KSA is mainly... Read More

Job evaluation is a systematic and formal process of analyzing the job roles and payments done for the same. It allows organizations to compare jobs to others across the company... Read More

Employees coming late to work is a major concern for any employer and obviously, no employer will spare the employees who are frequently late at work. Maybe for a time... Read More