Author: UBSapp1

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

Payroll systems are more common than we think and date back to the fourteenth century. Although it might not be the most thrilling aspect of running a business processing payroll,... Read More

When coworkers talk casually at work, it is known as informal communication. It is unofficial in nature and is based on the informal, social ties that grow outside of the... Read More