Compliance Services – Can SMEs afford it?

Compliance is all about a formal legal framework that can assist and develop an organisation-wide understanding of the legal boundaries in which the organization operates. So, compliance and audits are essential management tools for any organisation. Compliance and regulations focus on the safety, transparency and soundness of the business, ensuring that organizations are not unduly exposed to concentration risk. Compliance also makes sure that companies are viable in the long run in terms of liquidity and profitability. In India regulations, therefore, need to be seen as facilitators of prudent business – rather than as restrictions to business growth.

But does a Small and Medium Enterprise (SME) need compliance and audits? Yes, they do, because today, compliance is mandated by lending banks, the legal environ and possible investors. But many SME’s are plagued by:

• Do I need a full time compliance person ?
• How do I keep track of what’s new in compliance regulations?
• Can I afford it?
• Or can I outsource the activity to a quality vendor ?
• Is there such vendor?
• Can someone advice on whether I am compliant or not?

These are some of the questions and challenges that the sector constantly grapples with. With Talent Pro’s professional team of HR & IT professionals by your side, leave your worries to us, as the team handling outsourced compliance services strives to keep your compliance and regulatory needs in order, saving you many sleepless nights.

Our expert team will handle the entire spectrum of compliance and regulatory services, ensuring that:

• Governance and regulatory information is submitted on time
• It is duly supported by a pre-defined calendar of returns
• Periodic regulatory interactions happen
• Train the key members, so that the organization co-operates with the regulators during inspections

Our services are flexible and easy-to-use, delivering all the benefits of compliance in a manner that seamlessly blends with your organisation's existing programs and processes.

Please call us today, for a clear understanding and audit of your governance, risk, regulatory and compliance needs.

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Time & Attendance Management For Retailers

How affordable and reliable are time and attendance management systems? This is a question that often plagues small and medium enterprises (SMEs) and retailers, because everyone is concerned about the Return on Investment(ROI) on the requisite hardware and software.

There are many challenges that crop up, while choosing a payroll integrated with time and attendance management software. In addition, considerable amount of staff time must be put aside for review, selection, implementation and training phases, and investments for both the hardware and software have to be factored. In reality, small companies and retail outlets generally have only a time clock with some variation and some basic time and attendance tagging. Investing staff time and monitoring the part time and full time staff with complicated software may not be a preferred route for most of them. While it is a fact that any organization with 10 or more employees should have some level of time and attendance management software, adding more resources to keep track may not be a preferred choice for SMEs.

Talent Pro’s comprehensive attendance and leave management system, takes care of all these concerns of the SME. Talent Pro Employee Attendance Module (TEAM) is compatible to any of the attendance marking technologies that include swipe cards, bio metric devises etc. In a recent exercise, Talent Pro has fine-tuned this module specifically for retail outlets which need shift-related attendance to be mapped. The software is mounted onto in shop desk tops from where the attendance data recorded is then transferred as input for processing salaries. Organizations that employ large work force across outlets over a large geographic area – find this useful, specifically when the payroll is also processed by Talent Pro. While designing this module, Talent Pro has kept the outsourcing bottom lines of SME and retailer in mind. The result is a complete outsourced payroll processing software with time and attendance management integrated keeping the costs and affordability factor for this specific groups.

Track Employee Time

• Easily manage time and attendance, time off requests, and payroll
• Feature-rich, user friendly web based timesheets
• Smart e-mail notifications for timely timesheet submissions/approvals
• Easily manage part time, full time, xempt and non-exempt employees
• Configurable accrual policies and overtime rules
• Next generation calendars for users and managers to manage time off schedules

Special packages for SMEs and Retailers in Bangalore, Delhi and Mumbai!! For more information on TalentPro’s Payroll processing and Time and Attendance Management software, reach our Payroll sales team at TalentPro now at www.talentproindia.com.