Kredily Connect - November 2023
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PRODUCT UPDATE
Exit management
We are thrilled to unveil our latest addition – the Exit Management feature! Seamlessly transition employees out of the organization with precision and professionalism. Conduct insightful exit interviews, streamline the return of company property, and ensure a positive departure experience. From addressing final pay to managing benefits, our new feature is designed to enhance your exit processes. Elevate your employee offboarding experience, fostering a positive atmosphere for both departing team members and your organization.
Roster management
Announce our newest feature – Roster Management! Revolutionize your scheduling processes with precision and efficiency. Perfect for industries with round-the-clock operations, this tool simplifies organizing work shifts and duties. From healthcare to hospitality and manufacturing, our roster management ensures optimal coverage, streamlining your operations. Experience the power of effective scheduling, enhancing productivity and ensuring smooth business operations. Elevate your workforce management with our cutting-edge Roster Management feature – because scheduling just got smarter!
Klocky
Introducing Auto Clock-In and Clock-Out with Kredily! Simplify your attendance management seamlessly with this cutting-edge feature. For precise details, visit our official website, peruse the latest release notes, or reach out to our dedicated customer support. Experience the next level of attendance management at Kredily – the intersection of efficiency and innovation!
Rewards
Absolutely! Here are alternative suggestions for employee rewards:
Blogs You Can't Afford to Miss!
The Gratuity Act, of 1972 in India is a labor law designed to provide financial benefits to employees upon the termination of their service. Under this act, an employee becomes eligible for gratuity after completing a minimum of five years of continuous service with the same employer. However, this requirement is waived in cases of death or disability. The act is applicable to establishments where ten or more employees are employed on any day in the preceding twelve months.
A job description is a comprehensive document that outlines the duties, responsibilities, qualifications, and expectations associated with a specific job role within an organization. It serves as a vital communication tool between employers and employees, providing a clear understanding of what the role entails and what is expected from the individual fulfilling that role.
This document typically starts with a job title that accurately reflects the position’s responsibilities and level within the organizational hierarchy. Following the title, a job description details the primary objectives and purpose of the role, offering a snapshot of the job’s overall function within the company.
Payroll management is an intricate and integral aspect of any organization’s financial management. It involves the calculation, disbursement, and recording of employee compensation, including wages, salaries, bonuses, and deductions. The process is pivotal, as it ensures that employees are paid accurately, consistently, and on time, while adhering to various tax regulations and labor laws. This guide provides an in-depth exploration of payroll, spanning its definition, the stages of processing, key challenges, various methods for execution, the significance of payroll software, and the choice between cloud-based solutions and on-premise alternatives.