Most companies underestimate the role of CTC planning in providing tax savings options for salaried employees. The responsibility is on HR leaders to devise a salary structure that helps individuals leverage maximum tax benefits. It will not only improve your employee experience but also help you establish a standardized compensation process. If you are an…
Month: May 2024
How To Start Tax Planning For Salaried Employees
For salaried individuals, a significant deduction comes from tax liabilities. Since most professionals only worry about tax when it is time to file IT returns, they end up losing a considerable amount. However, if they practice tax planning best practices, they could avoid last-minute hassle, while increasing their take-home salary. One major driver of this…
Old vs New Tax Regime: Which One To Choose for Increased Savings?
Most people hate filing for taxes. It is a tedious process that requires quite a bit of hassle in getting your documents ready and ensuring that all your calculations are spot on. One major factor that contributed to the complexity of tax filing as per the Indian Income Tax Act is the catalog of deduction…
HR’s Go-To Guide For Employee Benefits in India
Priorities of employees have taken a massive shift in the last couple of years. As per a Forbes report, 40% of companies believe that workers quit their jobs in favor of the ones that offer a better flexible benefit plan for employees. Given the importance of employee benefits, companies are formulating plans to leverage these…
The Impact Of Flexible Compensation Plans On Employee Satisfaction
Workplace dynamics are evolving rapidly with employee experience taking precedence over everything else. Since motivated employees drive business growth and success, employers are shifting focus toward employee satisfaction. The change is evident with employers offering flexible compensation plans in salary to woo top talent in the market. Flexible compensation plan in salary is a great…
How to boost employee savings with a flexible benefit plan
The talent landscape is becoming more and more employee-centric with businesses needing help to retain and recruit talent. It has become so essential that employers are aggressively seeking innovative ways to make their offerings attractive. In addition to competitive compensation, they are turning to flexible benefits plans in salary to improve employee morale. This flexi…
Everything You Need To Know About Implementing An Employee Food Card Program
Workplace wellbeing is essential for employees as they prefer to work with companies that put in effort to improve their experience. As per a report by Indeed and Forrester, only 25% of Indian employees experience well-being at their workplaces. This comes as a shocker since keeping employees satisfied is the easiest way to boost revenue…
Employee Meal Cards: A Cost-Effective Solution For Workplace Dining
The workplace dynamics have changed significantly in the last few years. Shortage of the right talent, normalized high pay scales, and changing employee expectations are three critical areas bothering employers. Interestingly, benefits like employee meal cards are hitting this trifecta offering companies a USP to attract critical human resources. Meal cards allow companies to provide…
