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The right hiring process extends beyond scanning resumes and interviewing; the selection process, in fact, is a strategic and systematic way of ensuring that the organization finds candidates. 

 

We will now take you through a stepwise journey on the important stages of the selection process, discuss the need for selection, and briefly touch base about how it interrelates with other human resource functions. If you are an HR professional or somebody seeking a job, this can go a long way.

What is Selection?

First of all, the selection process is the path taken by an organization when screening applicants for a job vacancy for primary consideration. It can be said to be an important part of recruitment that focuses on testing someone on the basis of skills, experience, attitude, and suitability with respect to the organization’s objectives and culture.

Key Steps in Selection

Let’s go on to outline the selection process in very simple terms:

1. Job Posting and Collection of Applications

Applications are collected using ATS and other digital modes. 

2. Resume Screening

Next, HR professionals look through resumes to shortlist candidates whose qualifications and experience meet the requirements of the job.

3. Initial Interview (Telephone or Video)

A brief talk is held at this moment to assess communication skills, availability, and basic job fit.

4. Assessment Tests (Optional)

Companies may have tests, such as aptitude, technical, or psychometric, to assess the likelihood of success for the candidate for the role.

5. In-Person Interview or Panel Interview

This is generally a highlight portion of the selection process, where candidates would meet with the hiring managers and possibly some senior leaders to discuss their resumes, problem-solving abilities, and career aspirations.

6. Background Checks

Several checks, starting with verification of employment, obtain confirmation and validation of education and legal status.

7. Final Offer and Onboarding

Finally, the offer letter goes out for acceptance, and from then the onboarding process starts, whereby the new hire becomes acquainted with the company and company policies.

The Importance of the Selection Process 

It is not merely the mechanism whereby the vacancies are filled; rather, in reality, it is the bedrock of the future of your organization. To be strategically conducted, a selection process can indeed: 

• Reduce hiring cost 
• Increase employee satisfaction and reduce attrition.
• Align business with overall company objectives. 

Indeed, with HR software and an entire performance management system, selection becomes even more defined and accurate. 

Best Practices in Selection Effective

Here are some recommendations that will improve hiring quality for you: 

• Structured interviews with prepared questions should be used. 
• There should be more members on the selection panel. 
• Adopt technology, such as HR Analytics, to determine fit. 
• Integrity is what they owe the candidates throughout the whole process. 
• Think of diversity and inclusion. 

Selection will then be the backbone of talent acquisition with the above.

Common Challenges in the Selection Process

While these steps may seem straightforward, one can certainly witness a number of challenges in the process:

• Unconscious Bias

Aliens and predators want to influence one’s hiring decisions by means of bias.

• Unstructured Interviews

This will lead to inconsistency of questions, which in turn will have the effect of resulting in an inconsistent assessment.

• The Process is Time Consuming

Those manual steps, apart from that, add to the already huge amount of time needed for the entire process, frustrating the top candidates even further.

• Poor Communication

Taking too long to give an update might cause a drop in candidates.

Knowing these blockages enables the HR teams to refine the coins for better results.

Changing the Selection Process using Technology

It’s time to welcome the new age of hiring: intelligent, fast, and data-driven, with HR tech-related:

• AI-enabled resume screening

Intended to shortlist the candidates by setting predefined criteria against which the resume can be examined.

• Automated interview scheduling

Saves time and replaces unnecessary email back-and-forth. 

• Video interview platforms

Allow asynchronous interviews and remote assessments. 

• Data analysis tools

 

They would really help make a better living for candidates, and at the same time minimize human mistakes along the way.

Conclusion

The process of selecting a candidate is not that of a mere selection; it is about moulding the future of the organisation. A structured and thorough approach will contribute to hiring effective personnel who will ensure long-term success. Candidates, at the same time, will feel informed and empowered. Thus, both parties will win.

FAQs

Q1. How long do selection processes usually take?

It depends on the organization and the position, but generally from 2 to 4 weeks.

Q2. Is selection the same across industries?

No, selection processes can differ a lot according to industry, job level, and organizational policies.

Q3. Is technology capable enough to replace human judgment in the selection process?

Technology should support but never supplant human resource judgment, particularly in terms of evaluating soft skills and cultural fit..

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Are you a freelancer or a salaried employee who wants to save income tax payments? HRA falls under your earnings, and thus, you are entitled to a reduction of a generous amount in taxes. However, the manual process to determine the exact amount becomes confusing and time-consuming. This is where the HRA calculator online comes into play.

In this blog, we will be discussing what the HRA is all about, its significance & the working of the calculator.. Moreover, you will get some insight into how it is related to the broader payroll management plans and employee benefits strategy.

What is HRA?

In simple terms, HRA or House Rent Allowance is the provision under which your employer gives you a housing benefit for a portion of the rent incurred on your house. Thereby, it is one of the elements of every employee׳s salary structure.

The bright side? This is taxable only up to a certain portion, depending on your salary and rent paid per month, along with the field of residence.

When dealing with HRA, a few dimensions get particularly uncertain in terms of belief. Section 10 (13A) of the Income Tax Act of India allows employers to pay a certain percentage of house rent allowance without including it as income. That’s why using HRA online calculators becomes very helpful.

Why Should You Use an HRA Calculator Online?

Let’s be frank. Manual calculation takes time and is likely to produce wrong answers. An online HRA calculator may be able to simplify the entire process. This is how: 

 

• Firstly, it will give you proper results in a fraction of a second. 
• Secondly, it saves you the trouble. 
• Thirdly, it saves you the trouble of understanding complex tax laws. 
• Last, but not least, it enriches your budgeting plans. 

Many companies now want to have such a feature built within their HR software solutions and guarantee that employees and HR would benefit from both faster and smarter processes.

What Do You mean by an HRA Calculator?

Now that you understand the ‘why,’ let us see how this works. The HRA calculator usually asks for input on:

Your Basic Salary

HRA Received

Rent Actually Paid

City of Residence (Metro or Non-Metro)

Then, from this data, it derives the formula-based calculation for your HRA exemption. This way, you can get a good view of how much tax you could save. 

HRA Calculator is Used by Whom?

The best thing about HRA calculators is that they are not limited to employees. In fact, a number of other people can benefit from this tool:

• Salaried Employees – to plan their taxes better
• HR Professionals – to plan employee compensation better
• Tax Consultants – to provide better advice to clients for tax saving

In fact, it further integrates into a smooth automated system for all users when coupled with HR operations and payroll processing tools.

Conclusion

To round it all up, availing an online HRA calculator will save you from all the hassles and guesswork with regard to assessing tax exemptions. This tool works in promoting diligent salary management on your part-whether you are an employee or a member of an HR team, by using this device as a part of your HR practice.

FAQs

Q1: Which is the HRA calculator free?

That’s right, most of the HRA calculator websites online are entirely free and user-friendly.

Q2: Are rent receipts necessary?

Yes, the use of the calculator is just for planning, but receipts need to be filed for tax purposes.

Q3: Would HRA calculation differ between cities?

It does. The exemptions for metro cities could go up to 50% of the basic salary, while it would be only 40% for the non-metros.

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In an ever-changing work scenario today. The importance of effectively managing people has never been more emphasized. It is here that HRM functions (Human Resource Management functions) come into play. Anything and everything that touches the life of an employee is dealt with by HRM. 

The blog will take you through the main HRM functions as they differ from the traditional ones.  

What Is HRM?

It is a strategic process that leads the management of people in an organization. The objective? 

In other words, HRM is about recruiting the right people. Enabling growth in them and ensuring that they remain happy and productive.

8 Functions of HRM You Should Know

The key HRM functions need to be in place to promote the growth and success of any company.

1. Human Resource Planning

This is really about workforce planning. HR looks into how many people are needed, in what positions, for the future. The result is that an organization usually ends up neither overstaffed. Nor short of potential talent.

2. Recruitment and Selection

If you will seek, hire, and employ candidates for the right talents. HR prepares job descriptions, shortlists candidates for interviews, and hires the right candidate.

3. Training and Development

Training keeps employees in tune with the advancement of standards in a company. Human Resources coordinates skill development programs.

4. Performance Management

Continuous appraisals ensure that employees are on their feet and improve.

5. Compensation and Benefits

They pay variable pay, basic pay, bonuses & all considered to make employees loyal. To the company.

6. Employee Relations

HR oversees conflict resolution within the workplace, employee feedback, and fun team-building activities. All these foster a conducive, good working atmosphere.

7. Compliance with the Law

HR stats on the law. The law concerning working hours, wage policy, benefits, and so on. That keeps it from losing money in penalties and gaining employee trust.

8. Health and Safety

Employee health is cared for. HR’s actions are seen in placing safety regulations. Wellness and mental health programs for a conducive work culture.

HRM Functions and Traditional People Management

 

Feature	Traditional Approach	Modern HRM Functions
Emphasis	Administrative tasks	Strategic people management
Recruitment	Internal referrals only	Multiple recruitment platforms
Training	One-time onboarding	Continuous learning & development
Performance Review	Only an Annual Review	Regular Feedback and KPIs
Employee Role	Replaceable	Value asset
Using Technology	Minimal	Huge- HR Tech Tools, AI

 

Example of Real Life: How HRM Functions Increase Startup Growth

A tech startup thus hired an HR manager to ensure effective HRM practices. And within 6 months:

• Employee turnover reduced by 30%.

• Targeted training improved productivity by 40%.

• Effect of HRM on direct business growth.

Pros and Cons of an HRM Function

Pros

• Creates strong teams

• Enhances employee satisfaction 

• Provides legal protection 

• Develops Company Culture 

Cons

• Can draw vast resources

• Need constant refreshing with law & tech

• Might be met with some resistance when changes are initiated.

FAQs

1. What are the five most important HR functions? 

• Recruitment
• Training
• Performance management
• Employee relations
• Compensation

2. How is modern HRM different compared to older practices? 

In contrast to traditional methods that focused on merely performing tasks. Whereas modern HRM is strategic and employee-centric.

3. Why is training considered crucial in HRM? 

As HRM functions upgrade employee skills & they also prepare him/her for future challenges.

4. Is legal compliance a part of HRM? 

Certainly. HR ensures that the policies line up with the government laws so that there can be no legal issues.

Conclusion

HRM functions, which include planning and hiring. Training and retention constitute the basic framework of the company’s workforce. Therefore, companies that choose to invest in sound HR practices increase their performance management software. Job satisfaction and opportunities for workplace problems. 

In short, HRM is really not just about people; it is about development.

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In an organization, the gratuity has a lot of intricacies with respect to the amount. With so many vital factors such as salary, period of service, etc., to be considered. It is here that the Gratuity Calculator provides an easy and accurate solution.

It is a time and effort saver for an HR professional and the employee alike.

What is Gratuity?

The payment made to an employee upon termination. It is usually paid upon cessation of work by the employee. Either by retirement or resignation, or in some cases. By the death of the employee. Belongs to the Payment of Gratuity Act, 1972. 

Gratuity Calculator: Why Use it?

Calculating gratuity manually can be very challenging. Especially when dealing with the eligibility criteria and formula. A Gratuity calculator, on the other hand, ensures accurate calculations. Such as salary reimbursements or tax estimations. Follows the standardized formula. So, your degree of estimation is accurate and replicates the latest gravity.

Benefits of a Gratuity Calculator

Let’s get on with the discussion of why this tool is becoming a necessity. In today’s work environment:

• Time-saving and no errors in calculations

• Helps one in financial planning for retirement. 

• Helps clarify the policies of the companies.

• Useful to HR professionals while processing full and final settlements.

Working in the HR domain with other areas like employee benefits & payroll management. It can make sure that there is increased efficiency and accuracy in its use.

Gratuity Calculator: A How-to Guide

This tool is as easy as it sounds. Here’s how it works.

• In the first box, enter your last basic salary + DA.

• In the second box, enter the total number of years you worked in the company.

• Finally, hit Calculate and see what your gratuity is estimated to be.

Some calculators also offer the option to customise gratuity payments. 

Eligibility for Gratuity

You are eligible if:

• You are resigning, retiring, and tragically, your family may lay claim after your death.

Some companies also offer gratuity voluntarily even before the completion of five years. So it is good to check your HR policies.

Gratuity to Contract Employees and Private Sector Workers

Many wonder if contract employees and private-sector workers have a claim on gratuity. In a way, yes. And if his tenure with the organization meets the minimum required cutoff period.

As for private-sector employees, the same kind of rule applies. Gratuity remains a right under the Act. To avoid legal ambiguities in the future. A contract of employment and HR policy must clearly set out the gratuity provisions.

Mistakes That Should Be Avoided in the Calculation of Gratuity

Miscalculations usually happen due to inaccuracies in inputs. Also, if you wish to know how many years he/she has worked in the organization. It would be applicable for rounding down to a whole year. Nearest unless there is a company policy on counting in the fraction of a year. Keep abreast of the latest legal amendments. These errors can also be avoided by HR teams. 

Conclusion

A Gratuity Calculator is not just a number-crunching machine. It simplifies the process for greater clarity and compliance with the law requirements. Be it planning your future or ending your current one, this is going to be your go-to resource.

FAQs

1. Is gratuity taxable?

Yes, it is taxable if it exceeds ₹20 lakh during your lifetime. For private sector type employees not covered by the Gratuity Act. 

2. Can I get gratuity if I resign before 5 years?

Generally, no, unless there are specific policies in place at your company. Or you qualify for special cases, such as a disability or death.

3. What happens if the employer doesn’t pay gratuity?

The employee can complain to the Labour Commissioner or reach to the court. The employer is also liable to pay the interest as well hrms software.