For employer

An employer who has more than 20 employees in their organization can opt for this scheme. 20 is not a constraint for employees, organizations can adapt the act even when there are fewer employees lesser than 20. 

For employee

Any employees who are drawing basic pay lesser than 15,000 can opt for this scheme. The EPF scheme comes in the combination of EPS & EDLI. Employees are given choices either to opt-in or out of this EPF scheme while joining the organization. 

Contribution calculation

Employee and employer contribute the same percentage of 12% for this scheme. The 12% of the contribution is split as

• 8.33% – Employees Pension Fund
• 3.67% – Employees Provident Fund 

The employer contributes exactly 13.61% to the Scheme. 

• 67% – EPF
• 33% – EPS
• 5% – EDLI
• 1% – EPF admin charges
• 0.1% – EDLI admin charges

This is 0.50% of the basic pay. Rather than this contribution, the employer can contribute 0.50% of the basic towards the PF Administrative charges subject to a minimum of INR 75/- per month for a non-functional organization without any contributory member and INR 500/- for other establishments.

Penalty for employers

Employers need to pay the penalty if they haven’t remitted their part of contribution to this scheme. 15th of every month is the deadline for an employer to remit their contribution. If employers are found late filing then they will be penalized under section 14B of the Act. Here are the interest rates:

Basically, this scheme is given to private employees who can make use of the savings for later purposes. Schemes like these added in the payroll services add value to employees. If you are a start-up company or a mid-level company, Park Global HR can help you to organize the payroll and statutory compliances for you! 

Visit https://parkglobalhr.com/payroll-statutory-compliance/ to know more.

The post What is Employee Provident Fund Scheme, 1952? first appeared on parkglobalhr.

Tools can make our work-life great! HR role usually involves talking to candidates and onboarding them with so many other important aspects that bind the backbone of the organization. But tracking every task they are doing around the clock can be a little challenging. If you are just using google spreadsheets to track your tasks and organize your interviews then here are a few free tools to help you out! Read more to reduce your daily shuttle at work. 

Sheetgo

If you are looking for a one-stop automation solution then Sheetgo is the one great solution! Combine, consolidate, and convenience are the exact goals of sheetgo which can be quite helpful for HR’s on their busy days. Merging multiple google sheets won’t be difficult anymore with Sheetgo. It has got plenty of options from appending google sheet data to connecting data from cross-cloud. If you are new to sheetgo, then they provide expert automation support with features like 

• Easy to learn tutorials
• 1-1 video calls 
• Tailored workflow designs

Ratings – 4 stars

Total downloads – 2,714,778

Timesheet

Managing your 8 hours of work can become efficient with Timesheet. It works along with the google calendar to keep track of time. It can help you to create reports based on time consumption, project status, and much more. All you need to do is drop a hashtag before typing the text! Timesheet has recently updated the beta version of Timer-Component too. 

Ratings – 4 stars

Total downloads – 332,554

Employee onboarding app

This is also a free automation tool to turn HR’s onboarding process easier! It has customizable offer letters which can be sent to individual candidates. It can help you to add candidates to your google calendars and Trello boards swiftly. It helps to create a customized email address for candidates. For instance: ‘name@domain.com‘. 

Ratings – 4.9 stars

Total downloads – 8,977

These are some of the ways that can help you to reduce time-consuming tasks. Make your work simple with these free tools available online. Need to stay updated on more such useful content? Park Global HR Services is here for you! 

The post Top 3 add-on tools to help HR professionals! first appeared on parkglobalhr.

Say yes to chat!

Letting to know about your new hire can only happen when there is a normal conversation. Already the new employee you have onboarded might be quite nervous about meeting new people or introducing themselves. Take away the pressure from them, keep it light. Maybe give a brief heads-up before they are about to introduce themselves. Stay on the grey line where you need to act professionally with friendly behavior. Prepare your team to present a warm welcome to the newbie. Give preference to the new employee rather than talking so much about your team. The sooner they glide along, the sooner you can expect productivity from them. 

Office tour

Office tours are a must but how can you do it when you are remotely working? Yes, you can do it. Many organizations file their working bay pictures or they might have a 360-degree picture view. If you want your new hire to feel more comfortable, take them on a virtual tour to all areas of your office. Introduce them to their working place where they will be allocated when they are returning back to the office. 

Courier them a welcome box

Everybody is thrilled about surprises. It’s obviously a good gesture to send your new employee a few stationeries that can help them to work better even from their home. A welcome box might look like an investment but it can help your employee to feel their importance at work which will definitely push them to give the best outputs at work. The contents within the welcome kit can set the tone for your organization. So, plan what goes in for every employee who is joining your firm. Plan different kits for Gen X, Millennials, Boomers.

Assign a mentor

Every new hire will have so many doubts with regards to work, timings and much more! What if and what not can be handled if the company properly assigns him a mentor to help with. A mentor can help the new hire to get along with the team, learn the values of the company and stay updated with the policies. 

These are some of the few things which you can try out to make your new employee feel welcomed. Giving a warm welcome creates a good impression on your firm or team which will make the newbie stay long with the organization. Apart from this, if you need to organize some lively training sessions then Park Global HR Solutions can help you to prepare a module for onboarding the employee.

The post 4 ways to welcome a new hire onboard midst of Pandemic! first appeared on parkglobalhr.

The HR department in any organization is an important key to company success. Without an efficient and effective HR team, there will be no great talents in your company and without talented people, you can’t make business. The HR department is considered the backbone of your business!

Here are some three key functions that help in company success.

Recruiting Talents

            Recruiting is a very complex process and most companies lose their money for not hiring the right person. But if you have an HR team, they are dedicated to this process and often try to find the best talent. The HR department is responsible for hiring the right candidates. Hiring a candidate from the scratch can be a difficult task to handle. When you outsource the requirements to the right team, they can find the right candidate for you! HR outsourcing can bring in great results.

Employee Engagement

         Employee engagement is one of the main keys of the workplace. Hr team always makes the engagement in a better way that will fit the company culture. If the employee get any difficulties in their team or role, the organization will suffer.  So, to keep employees engaged, the hr team will try to maintain positive relationships among the employees with empowering activities. Recognizing your employees can improve the productivity of your business. 

Building a Corporate Culture

Human resource plays a major part in the company to make sure the employees are well informed and keep them updated. They keep employees, teams comfortable in terms of maintaining good relationships, listening to their issues and resolving the problems during their employment.  It takes a lot of effort and active participation from HR and the employees to make things work in any department. HR is the center of any department/company. To become a successful corporate company all you need is a strong HR team.

• Human nature
• Emotions
• Effectiveness
• Relationship with the environment     

Conclusion                                           

                    A good human resource team and the right employees will help your company to reach your milestone. If you haven’t been aware of the human resource department, make that priority now. Know more updates from www.parkglobalhr.com

The post Why is Human Resource an Important Key to Your Business Success? first appeared on parkglobalhr.

Remote work culture is the new normal and most of the employees are getting adapted to it. A survey says even people who are returning to offices are seeking jobs that have remote working options. Once employees get comfortable working from their living rooms then it might be hard to bring them back to co-working spaces. Since most of the offices are still operating from remote your next recruitment might also be for a remote working employee. But how can you recruit an employee within a 5 min video call?

That’s challenging for many HR’s out there! To help you, Park Global HR offers 5 ideal questions which you can shoot them that will give you a brief idea about their personality even in a video call. 

Question #1

Why do you need this role?

It might look like a normal question but it can bring so many answers from the candidate. The candidate might give an outlook of changing a new role or even come up with contract completion and many more answers. The answer from the candidate can help you to decide whether he is really interested in the job. Always remember to engage in 2-way conversations which can build your conclusions about hiring the candidate. 

Question #2

What type of work do you prefer? Remote or on-site?

This will give you the idea of whether the candidate will be comfortable in retrieving back to the office once the quarantine is complete. HR can get a clear picture of whether the candidate loves to work in isolation or office environment. 

Question #3

What mode of communication do you prefer?

There are many people who move from the 1st floor to the 8th floor just to convey that they have completed their tasks while a few on the other hand drop a mail or ping in teams! Communication is the key to get most of the works done and you can get a perspective on the candidate’s communicative skills with the final one he picks out!

Question #4

Ask questions about their background

Few people are okay with sitting in a background that has few books or arranged furniture. Others go with a white background or virtual backgrounds which are readily available today. So, when you find that you haven’t received more insights about the candidate, you can come up with this question that will make them answer from being themselves. The goal of recruiting the right candidate is finding out who they really are! That question can be cracked by involving in such common conversations.

Question #5

Specify an achievement, you being a part of a team

If you need to know whether your candidate is a good team player or not. This question will crack up the answer for you. Since you can’t arrange for any group discussion or something in a sudden video call, this question can help you out. You can also note down their way of credit giving and shortlist them. 

Hiring new employees can be challenging even in video interviews. If you have a crystal clear video of the candidate then you might see their body language or eye contact. But not all candidates might have that. So, these questions can help you to overcome the battle of whether to shortlist the candidate or not! If you find these questions helped to recruit your new employee, then you might be interested in knowing how to welcome a new recruit on a video call. Stay connected with Park Global HR Services who can give you such awesome insights as well as staffing solutions.

The post 5 video interview questions that you shouldn’t miss to ask your new recruit! first appeared on parkglobalhr.