Author: smejoinupblog

How SMEs Can Reduce Their Pain Points Implementing HRMS Software

How SMEs Can Reduce Their Pain Points Implementing HRMS Software

Human Resource carries a huge responsibility in any organization. It’s an integral part of the company and plays crucial role so that organization remains productive. However; HR professionals are the ones who constantly faces criticism and not to mention the profile they lead have obvious “pain points”.  Implementing HRMS Software can certainly reduces these on-going challenges; moreover keep motivating your employees.

Significant pain-points which HR department faces when not implementing HRMS software

1.Retention & Recruitment

Younger workers are less loyal than baby boomers to their employers. The younger generation wants career flexibility and will readily leave for a better offer.

  • Retention is difficult when a company can’t match pay and benefits with those of competitors. Surprisingly, one HR director improved retention by allowing some employees to wear flip-flops to work.

  • Employees often leave because they don’t feel valued. HR must strive to hire supportive managers.

  • It’s difficult to recruit and retain applicants that have a positive attitude, are a “fit” with the corporate culture, and will take ownership of their work.

 

The Remedy

When you are implementing HRMS Software, you have no idea how much relieved you are with the retention and on-boarding tasks. The software gives you accurate data and information so that you employ the right kind of people and ensure that they stay happy and satisfied at the workplace.

Implementing HRMS Software you can make informed hiring decisions. You can:

  • Take the guesswork out of interviewing potential hires.

  • Schedule interviewers with prep notes and questions.

  • Create customizable offer letters and generate pre-filled offers. Stop wasting time scanning/emailing offer letters.

  • Use applicant tracking software to fine tune your recruiting strategy, expose problems and refocus your hiring efforts

  • Your entire recruitment process can be benchmarked gaining important recruiting insights with the industry’s first big data tool.

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Call: +91-8378977112

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Pune Startup Ecosystem Is Growing, Evolving!

Pune Startup Ecosystem Is Growing, Evolving!

Pune has been Mumbai’s satellite town for decades. But it looks like it has come of age for entrepreneurs. With an efficient startup ecosystem evolving, Pune is rising in health tech, SAAS, automobile, etc., although it lags behind the metros in terms of food tech and e-commerce. Not surprising then that Pune has a lot of tech talent readily available and this has given rise to some very interesting startups that have the capacity to become global companies.  Druva, Arcatron Mobility, Altizon Software, Helpshift, SME Networks, Firstcry are some of the examples of such startups

We believe that Pune definitely has all the technology talent to create global tech companies and to boost the same spirit in the Pune’s startup ecosystem, 111 Startups a non-profit organization which is into empowering Tech Startups hosted an event on 7th Jan 2017 called “Pune Startup Ecosystem Is Growing, Evolving!”

About Pune Startup Ecosystem Is Growing, Evolving!

It was an event where 300+ startups participated in understanding of what exactly the investor wants. What are the parameters on which the startups are evaluated and funded. What is seed fund, angel funding, series A and B funding. What are the key areas a founder should work on before approaching to the investors. The initiative which is sponsored & backed by Mobisoft Infotech and Pesh Group is driven by Vikrant Bhujbalrao, the chief evangelist and key driving force. The people who added value were the guests speakers and panelist; who are stalwarts of the startup industry; who have invested and are integral part of the ecosystem.

The key people were Mr.Sunil Peswani, The Director, President of Pesh Group,Mr.Nitin Lahoti, Co-founder, Director, Mobisoft Infotech, Vikrant Bhujbalrao, CEO, 111 Startups, Mentor, Motivator.

  1. Mr. Kiran Deshpande(Panelist) – President TIE Pune,Co-Founder – Mojo Networks, Investor

  2. Mr.Sunil Nikhar(Panelist) – Founder & CEO, Digilant Solutions, Investor

  3. Mr.Gireendra Kasmalkar(Panlist) – Founder & Director Ideas to Impact Innovations, MD & CEO , SQS India BFSI Ltd., Investor

  4. Mr.Altaf Rehmani(Panelist) – Angel Investor, Co-founder, TinyTapps, Co-founder Pune Angels, Mentor

  5. Mr.Pankaj Mittal(Panelist) – Angel Investor, Mentor, Co-founder, Pune Angels

  6. Mr.Suren Kulkarni(Panelist) – Angel Investor, Mentor, Managing Partner & Co-founder at Inovez Corporation & Seedfire Ventures

  7. Mr.Vikas Kumar(The Speaker) – Angel Investor, Author, Serial Entrepreneur

  8. Mr.Jeet Vijay(The Speaker) – CEO, Bhau Entrepreneurs

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Call: +91–8378977112

NRI Personal Loan-5 Tips To Consider Before Taking Personal Loans India

Can NRI take a personal loan in India? Yes, NRI Personal loan are pretty much common these days. The loans can be availed for various reasons. Fortunately; many banks and private lenders of India have come forward in granting them personal loans which include names like SBI, ICICI, Bank of Baroda, HDFC, Axis Bank, Punjab national bank,  YES Bank, Standard chartered, Federal bank, Tata Capital, LIC finance, Loantap. Just because an individual is an NRI doesn’t mean he/she won’t have a cash problem. Especially; in the cases of important occasions like wedding; it may happen that the need of urgent cash may arise hence; NRI personal loancomes in handy. Furthermore; if any personal emergency situation rises, taking a personal loan can prove to be an aid helping them to tide over the contingency in the short period of time. Similarly, if one is looking to buy any consumer durable but is in short of cash, a personal loan can help to finance the purchase. All one got to do is choose the right lender and then apply for a loan amount as required.

An NRI personal loan is an unsecured loans in which the borrower doesn’t have to pledges his/her property or asset as collateral to the lender. Furthermore, the borrower with bare minimum documentation requirements; can hassle free get a personal loan. The document requirement differs from person-to-person and it mainly depends on the profession of the prospective borrower.

Because an individual being an NRI; may not have the right idea of which bank or private lender may be suitable for taking a personal loan. Hence; below mentioned are important tip which helps in getting the right lender.

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Different Types Of Mortgage Loans In India For Which You Can Apply

Different Types Of Mortgage Loans In India For Which You Can Apply

A mortgage loan is a type of loan where a property or real estate is used as collateral to borrow money. The borrower enters into an agreement with the bank wherein the borrower receives cash upfront then makes payments over a set time span until he pays back the lender in full. Mortgage Loans in India are one of the most popular forms of loans applicable to real estate mainly for those interested in buying a property.

However; consumer can borrow mortgage loans for various financial reasons such as buying machinery, expanding business, to stock up inventory etc.

The borrowers for mortgage loan in India can be from different categories –  individuals or business houses. The mortgage loans in India borrowers requires keeping a piece of property, flat or land while the latter includes commercial spaces and business premises as a collateral.

Understand How Mortgage Loans In India Work?

Understand the important aspects of mortgage loans in India offered to the consumers and its working:

  • The installments or EMI of mortgage loans in India comprises of the payment of the principal amount, loan against property interest as applicable, other charges of insurance, and taxes as applicable.

  • The loan against property loan may look very appealing; from where huge amount of funds and capital can be raised. However, the loan applicant must be cautious before applying understanding the repayment capacity.

  • The proper detail and schedule of property purchase should be clarified to the bank as per the amortization schedule.

  • The foreclosure charges are done by the RBI. Hence; before seeking mortgage loans in India, it is important to read the loan offer document carefully before availing the loan or signing any document.

  • The overall costing of the project also includes the 15% cost bearing by the borrower, the payment being initial.

Different Types Of Loan Against Property In India

Below mentioned are the different types of loan against property available each with the brief explaining:

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Minimum CIBIL Score For Personal Loan & How You Can Improve Score

Minimum CIBIL Score For Personal Loan & How You Can Improve Score

Why CIBIL Score should matter to you for getting a personal loan? This is perhaps the most asked question on the Google these days. It’s pretty much clear that the poor credit history, banks and private financial lenders will hesitate to offer you a personal loan. So, what is the minimum CIBIL Score for personal loan required?

Has it happened to you lately that you have applied for a personal loan; to take your family on an international holiday. And your application get rejected because of the “Low CIBIL Score“. It is important to know your credit ranking when it comes to CIBIL before you apply for the personal loan.

Understand What Is CIBIL Score?

CIBIL Score is a 3 digit numeric summary of your credit history. The score is derived using the credit history found in the CIBIL Report also known as CIR i.e Credit Information Report. A Credit Information Report is an individual’s credit payment history across loan types and credit institutions over a period of time. A CIR does not contain details of your savings, investments or fixed deposits.

Your CIBIL score, calculated based on your credit behavior as reflected in the ‘Accounts’ and ‘Enquiries’ section of your CIR, ranges between 300-900. A score above 700 is generally considered good

Why It Is Important To Know Your CIBIL Score ?

Your CIBIL score plays a major role when you are applying for loans. The loan approvals primarily depends on your CIBIL score. Without a satisfactory CIBIL score, you may not be eligible for the loans.

After you fill and submit your loan application form, the bank or your private financial lender will be checking your credit score and credit report. If you have a bad credit history and a low credit score, the bank may outrightly reject your loan application. Only if your CIBIL score for personal loan is good; the bank consider your loan application and pass it through for approval. CIBIL scores are the deciding factor for many banks when it comes to considering your application. The higher the score, the higher the chance your loan application will be reviewed and approved. However, the decision to approve your loan application is completely dependent on the bank; CIBIL as an institution does not play any role here.

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Call: +91–8378011112

The Basic Roles And Responsibilities Of Manpower Recruitment Services

The Basic Roles And Responsibilities Of Manpower Recruitment Services

Every company needs skilled professional for the development of the business, especially the startup ones. For businesses to prosper, there is a need of qualified workforce hence; a recruitment agency can come in handy. The core functions of the manpower recruitment services include recruiting the appropriate manpower for the growth of the business. For a good development in your startup business, the need for better professional and skilled oriented workforce is required. Therefore; today, thousands of companies are seeking the advice and the services of manpower recruitment consultants for  various reasons. The services of these recruitment firms prove to be beneficial for every type of the businesses.

Understand the basic roles and responsibilities of manpower recruitment services

Planning Manpower

Whether it is a startup company or on the way to growth expansion, it requires appropriate workforce to meet the profile requirements. The staff level should neither be high that causes loss to the company nor too small to cause the inadequacy. The recruitment agency like Recruitment @ Base Of The Pyramid- Bop analyze the production of the company and decide the staffing levels required.

Knowledge Of The Industry

The best recruitment agencies have their finger on the pulse of their specialist markets, and can give the hiring team insight in to what is happening. They should know the available talent, where they are and how to reach out to them, salary rates, career expectations, available skill-sets and current hiring complexities. If other businesses are struggling to find the same people as you they should be able to advise on alternative solutions. The best will act as partners and collaborators, and should still be your eyes and ears in the market.

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What Are The Benefits Of Hiring Staffing Agencies

What Are The Benefits Of Hiring Staffing Agencies

Do you need to hire somebody to help you out with your startup business on a temporary basis? Is it time to add more members to your team? Maybe you have a special project going on that requires an extra pair of hands for particular time frame for the business growth. Recruiting the professionals on the permanent basis might be expensive, so why not consider using the staffing agencies to find the right candidate to help you with your project.

To hire the right employees for any size of the company can be extremely tough and time-consuming. Since, staffing agencies will be taking significant efforts and internal HR expenditure which can prove expensive. Therefore, many organizations particularly the small businesses are using recruitment agencies to hire the manpower

When should your company hire the staffing agencies?

The primary reason why small businesses uses staffing agency is because:

• They have trouble in filling up the job for some time now

• Don’t have enough time on hand to recruit the open position

• Have posted the position and haven’t meet the desired response

• Do not have internal HR

• Expenditure

Stay focused for the small businesses

For any small business owners, there are lot many things to handle and focus on. Sitting for the recruitment and filling the position is a time taking task. Also, for a new business owner to have an expertise professional on-board requires some recruiting experience. Hiring the staffing agencies like Multi Recruit lets you remain focus on your business. It helps you stay productive in the business while someone else is doing the legwork, putting the right candidates for the position.

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Call: +91-8378977112