Online payroll software India is specified with features that works according to the requirement of Indian industrial businesses. Payroll policies vary according to the federal and state laws of the country and it is necessary for a software to evaluate the required data as per requirements.

HR software and payroll software functions as per the requirement as in India the employment laws are different as the education system is different. Here are few aspects ofonline payroll software india and HR software works for small and medium enterprises in India:

Management of workforce

Payroll software makes it easier for the human resources team to manage the workforce and process with the performance of each employee working on different levels. It allows the human resources team to focus on the quality and growth of the organization by taking over the tedious yet important tasks which plays a major role in determining the workforce and future of the organization.It is important to know about an employee working hours as this determines their hard earned money. An automated system works with minimum risk of error to resolve the issue of over-payment, under payment or even delayed payment .

Empowerment of the employees

By allowing the employee to stay updated about their attendance and performance doesn’t only allow them to better understand their amount of work which needs to be done and increase their hard work to meet up targets . An easy access to their documents and payroll information including PF,ESI benefits is a way to explain the benefits of the organization which will motivate the employee to work harder resulting in growth of the organization.

Unbiased Decisions

With the invert of cloud computing software it has become easier to store data. This helps the organization to take advantage of the available resources to take decisions which reflects on the growth of the organization. For example, promoting an employee to a senior position indicates that the organization has given the employee to make decisions for the organization in different ways. It is important to know the employee’s responsibilities which were performed by him earlier and the results to determine if the employee is capable of such responsibilities or otherwise.

Cost and time efficiency

For a business to grow it is important to work on optimizing work so that the team can focus on broader aspects to explore more options for development. There are various tasks in the payroll and HR department which need to be taken into account on a daily basis for example payroll checks, overtime dues, attendance, performance analysis etc. Software which automates processes is an affordable way to optimize workload and a solution to minimize the risk of error. As missing deadlines on payroll or missing updates of new guidelines issued by the state government can result in hefty penalties and cost the reputation of the organization as well.payroll software notifies about the updated deadlines. HR software helps in ranking performances, connecting to employees working all over the country by one click and a secured environment to discuss confidential decision making for betterment of the organization.

The results that the organizations have received from using online payroll software India andHR software has shown positive results.These are some of the basic functions which have helped the small and medium businesses towards better administration and helps the human resource management teams to focus on development of the organization.

By Ed Sneineh

Chicago Car Dealers Insurance, Issues And Prices

Do all used car dealers need insurance?

Definitely. All new and used car dealerships will need to have some sort of garage insurance policy that must be filed with the state by the insurance carrier. A cancellation of their insurance policy will end up in a suspension of their business license granted to them by the state. Used car dealers insurance in Chicago is the law.

What form of coverage do you need?

Necessary Coverages:

Car dealers need a garage liability policy covering the business as well as the workers, sales persons of your business (who must also be listed on the policy) in the events your business conduct as a car dealer result in damages to the properties of others or harm to their body. Neither you, nor officers of your business, or employees are covered under any bodily injury or property damage coverage provided by the garage liability. The minimal level of garage liability insurance in Illinois is a split limit of $100,000/300,000/50,000, also expressed as [100/300/50]. These numbers stand for the max totals that your insurance company will spend on your behalf for bodily injury per person, bodily injury per accident, property damage per accident; correspondingly; in the event that you, your business officials or reported employees cause any at fault accident in relation with your dealership actions. Certain companies offer this minimum as a Combined Single Limit (CSL) of $350,000 bodily harm and property damage per accident, which is normally more expensive than the split limit. Used car dealers that operate larger operations should be worried about liability limits. The author suggests a million dollar as a combined single limit.

Price of garage liability relies on many issues including limits of garage liability insurance, geographical location, number of dealer plates (some companies verify it with the state); and number, ages, MVRs of each operator listed on the policy. A used car dealer insurance policy with minimum plates and most desirable conditions to the issuing company will be approximately $3,000 per year in the City of Chicago. It is less expensive in the suburban areas of Chicago. Nevertheless, extra discounts may apply such as experience with no loss. Also there might be more surcharges if there are younger drivers or if you have employees with not good driving records.

Sometimes the City of Chicago may also ask you to show a evidence of driveway insurance. Typically it is set at $1,000,000 by the City. Certain garage policies issued at lower liability limits in the City of Chicago may be endorsed, for a minimal additional charges, to satisfy the requirements of the City of Chicago. Nevertheless in other conditions, you might need to get a separate policy for that if your policy does not provide that protection.

Illinois Workers Compensation is a very important coverage, one that is also very well missed by car dealerships. You need workers compensation for your dealership in order to meet your legal and moral obligations towards your company and staff. Officers and owners of the organization have the option to include or exclude themselves from workers compensation coverage. In case they want to be excluded (perhaps they get wage and do not do any real work at the dealership) they have to sign some exclusion form. Keep in mind that no employees/contractor/ officer of the dealership is protected for bodily injury in connection with any at fault auto accident related to the measures of the dealers. Coverage for employees for these situations are delivered under a workers compensation policy.

Workers compensation premiums are based on how much salary you will pay in the next 12 months. It has nothing to do with the past. People covered include all the staff with W2s (must include by law), contractors with 1099 (can be excluded only if you can show that they have workers comp coverage on their own) and directors/ owners of the business except if specially excluded. For independent contractors (i.e. drivers who transport autos from car auctions to dealership) they have be added unless they show you that they have workers comp coverage somewhere else. It is tough to estimate fees of workers comp because it is based on future payroll. For that reason, your insurance company gives you an estimate in the beginning, then it will audit your wage towards the end of the policy term, after which date they will tell the final premium. For that reason, you might be charged extra, or simply get a returned premium, at the end of the policy period for the previous policy!

Bonds: A used car surety bond is normally required for new used car dealer ventures which are less than three years. The value of the bond is $20,000. The bond is some kind of guarantee by the bonding company that the used car dealer will adhere to the guidelines set by the State of Illinois. A major issue related to bond is its price. The price of the bond could vary from $200 to $2,000 depending on the credit of the Principal on the bond (owner / partners of the dealership). The vast majority companies will not issue bonds for people with severe credit troubles. Keep in mind that any government organization may ask for a bond. For example, Cook County Treasurer may require a Chicago used car dealer for a bond to guarantee payments of sales tax! This could be brought on by situations related to the experience of the tax authorities with particular places, old owners of business, or new owners/ officer.

Non Mandatory Coverages

There are some optional coverages that used car dealership may be interested in, based on their wants.

Dealer Open Lot refers to the collision and comprehensive coverages on dealer owned autos. There is normally a limit set on coverage per auto. So if a dealer acquire a dealer open lot coverage with $150,000 per site, that policy may limit coverage per vehicle of $25,000. Dealers must analyze their policies.

One of the source of trouble is related to the Coinsurance Penalty Clause. To reduce premiums, a used car dealer may get dealer open lot coverage of $100,000 on his/her lot which has $400,000 of used cars. The coinsurance penalty ratio is the ratio which is used to figure out if a particular dealer is properly insured or not. Coinsurance percentages range from 80% to 100%, and they are normally stipulated on the policy declaration page. In the previous scenario if the customer has 80% coinsurance, then the dealer must keep at least $320,000 to be rightly insured. If the dealer maintains lower than that amount, then the company will provide only partial payments on the claims made, because the client was paying partial payments in relation to what he/she was supposed to should have paid. The amount the company will pay is based on the rate of what the customer currently has [100,000] divided by the minimum that was supposed to be carried [320,000]. In other words, the insurance company will pay about 31.25% [100,000/320,000] of any potential claim, after the deductible!

Your business also needs Garage Keeper Liability, if you work on autos that you do not own, such as customers who bring their cars for minor repair work. Vehicles that you do not own require physical damage coverage (comprehensive and collision) with certain deductible ($500 to $1,000). Garage Keeper Liability insurance is not needed if the dealer does not perform any maintenance or repair work on vehicles they do not own. Garage keeper liability is not an expensive coverage and is based only on the amount of coverage you need. Normally the minimum amount is $25,000 per car. The difference between $25,000 and $50,000 in coverage is very minimal. You can tell how much you need by knowing the average value of all automobiles that exist on your lot which you do not own.

There are other elective coverages that used car dealers may need. These include coverage on Building, Business Property, Security, Business Income, Crime (Robbery etc.) and some forms of Professional Liability.

About the Author: Insurance Navy is a leader in providing

auto insurance Chicago

. Please check our website blog for details on how you can get

used car dealers insurance in Chicago

.

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By David Shoemaker I.

With easier access to advertising and the rise of consumer options, every aspect of a manager’s job in the foodservice and hospitality industry is crucial to developing a world class operation. The essentials of hospitality management range from managing the stress among staff to maintaining a firm grasp of marketing and finance. The manager needs to have a wide range of skills to successfully run a business in the hospitality industry. The customer knows what he or she wants; it is up to the manager to provide exactly what is expected, while juggling the behind-the-scenes issues such as accounting, human resources, information technology, and marketing. Without a manager who can handle all the essentials of hospitality management, the business is on a path to failure.

In order to stand out in the industry, professionals are increasingly looking to gain a certificate in foodservice management. Running a restaurant now goes far beyond preparing good food and great customer service. Managers must deal with complex issues every day. Classes in foodservice management provide professionals the necessary tools and strategies to solve these problems and lead their business towards success. Managers need to utilize the expert knowledge available in the field of foodservice and hospitality. Courses will prepare professionals on issues from menu planning and storage production, to complex issues such as customer flow, meal duration, and variable pricing. Incorporating all aspects of the business will increase profitability and help keep businesses ahead of the curve.

Along with optimizing their business for the customer, managers need to manage staff as well. Improving human resources and providing counsel among staff will help create a better working environment. Staff will work hard and provide the superior service needed to set their hospitality businesses apart. It is the manager’s job to create a delightful experience that the customer wants to have again and again. The staff will be who provides that experience, so it is up to the manager to effectively communicate and interact with those providing hospitality. Owners of businesses in the hospitality industry will look for managers who possess a certificate in foodservice management to be sure that their business is run as profitably and reputably as possible.

The hospitality industry relies upon reputation and service to sustain customers. Managers must learn to tailor their marketing plan for hospitality, but attracting customers is just the beginning. The relationship between the customer and the business is one of the core essentials of hospitality management. A manager must have the ability to adapt to the ever-changing market and, furthermore, must have the ability to design and execute competitive strategies. Competing in the hospitality and foodservice industries will only get more difficult as technology improves. Management must be ready and educated in all aspects of the business. Participating in certificate programs to learn the broad skill set necessary to be a manager is vital to the success of the business. In the 21st century, the manager needs to have all of these skills.

About the Author: David Shoemaker is Vice President of Learning Solutions and Innovation at eCornell. For more information on certificate in

foodservice management

,

essentials of hospitality management

, or eCornell, please visit http://www.eCornell.com

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By Kristof

Selling is no longer an across the counter concept that one is accustomed to. It is not that across the counter deals have stopped or diminished as modes of commercial transactions, but that a new concept of trading ‘online commerce’ has emerged. Online business is a by-product of internet communication and a true representation of global marketing. It is not imperative that to engage in online trading you need to be and established trading house or commercial entity. You might very well be selling your stuff as an individual.

Understanding of E-commerce

For basic understanding of online selling store, a fair idea of e-commerce is helpful. E-commerce, the shortened form of ‘electronic commerce’ is created out of World Wide Web or Internet. Through using the Internet, products and services are bought and sold between two parties. If these two parties are both business houses then the ensuing transaction is termed B2B (business to business); if the seller is a business house and the buyer is an end user or consumer, the transaction is called B2C (business to consumer); when both parties engaged are individuals then we get a C2C (customer to customer) transaction.

Personal Online Selling

C2C transactions are perhaps the most significant form of online selling and buying of items. The Internet is perhaps the best platform to allow you to sell items of individual or personal needs after their use. For instance, as you grow up you do not have any use of your bicycle that you bought as a kid. It is not always easy to get a buyer for your used bicycle if you look around. Online selling stores allow you to advertise your product through their site so that you are able to sell your used bicycle.

Through many of these sites it is possible to barter items. CDs, DVDs, mobile handsets, household appliances and so on are typical items that could be traded or exchanged through these websites. All these are C2C e-commerce transactions that only take place between individuals or end-users.

Online Selling for Creative Artists

Creative artists are greatly benefited by online selling store concept. It is not an easy task getting buyers for wonderful clay creations or brilliant canvas paintings. Selling your stuff could become much easier if taken the assistance of World Wide Web. There are art enthusiasts scattered across cities and villages who largely remain untraced through traditional marketing methods. As it is not feasible to reach out to these unidentified pockets manually, an online approach is most preferable. Art lovers and genuine buyers are easily identified in the most cost effective manner.

Online selling stores have evolved as standard channels of commercial transactions. Leading marketing organizations and product manufacturers have their dedicated websites which they also use for selling items online. Buyers have the choice of selecting their product and buy them online thus saving the trouble of landing up at the store after spending sufficient time commuting. Convenience of shopping, ease of making choices, consulting your friends before deciding a purchase are some of the benefits of online selling.

About the Author: Kristof prefers to shop from

online selling stores

where he can get better reviews over a product. Explore the

selling

experience on your own.

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Submitted by: Robert Elliott

Workers Compensation is not a fixed cost of doing business as many CEOs, CFOs and business owners think. It is actually a controllable expense. These seven mistakes employers make can drive workers compensation costs up as much as 20 percent to 50 percent. Learn how your company can avoid these seven very important mistakes.

Like all policies and program, the terms may need to be varied to comply with different state and federal laws. Make sure your corporate legal counsel reviews any policy or program before implementing it.

1.

Hiring unqualified employees:

Many employers fail to make sure new hires are qualified to perform safely the job for which they are hired. This is called lack of job matching and can cost a lot of money in the long term.

2.

Letting workers stay out of work longer than needed:

If an employee is healed on January 15, he or she should be back to work January 15 not February 15 or June 15. It is important to have programs in place to monitor the progress of employees when they are out of work.

3.

Having too many employees out of work for too long a time:

Employees stay out of work when there are no post-injury procedures to bring them back to work quickly. They then risk becoming psychologically disemployed, thus making their return to work more difficult and remote. Workers who are out of work tend to want to stay out of work. Be prepared to investigate employees who stay out of work longer than the norm for their particular injury. Fraud is always a possibility.

4.

Penny-wise/pound-foolish:

Some employers won t spend a few hundred dollars to send managers responsible for workers compensation to conferences and seminars where they could learn how to reduce workers comp costs and possibly save millions. Or they look for the least expensive claims administrator rather than the one who will provide the best quality claims handling.

5.

Lack of understanding:

Management doesn t understand the real cost of workers compensation. With a $15,000 claim, if the profit margin is 8%, it takes $187,500 to replace it on the bottom line. Management may not know they can direct medical care in those states where it is permissible. Lack of understanding by adjusters about medical terminology can be costly. Injured employees may think an insurance company is paying the claim completely, with no impact on the employer.

6.

Failure to communicate with injured employees:

Attorneys, friends, and other injured employees communicate with injured employees. Employers must make sure they get your message first starting before an injury even occurs.

7.

Failure to monitor or coordinate medical care:

No one is making sure a reasonable treatment plan is in place. For example, as long as any doctor says an employee cannot work, no one takes proactive steps to refute that position.

Don t make the same mistakes many employers make! Invest in your workers compensation program.

About the Author: Robert Elliott,senior vice president,Amaxx Risks Solutions, Inc. for 20 years,works with clients reducing Workers Compensation costs–airlines,healthcare,manufacturing, printing/publishing,pharmaceuticals,retail,hospitality & manufacturing. Robert_Elliot@ReduceYourWorkersComp.com or 860-553-6604. For more information and tools, see

reduceyourworkerscomp.com/lower-reduce-workers-comp-costs.php.

There are several free forms and tools on the site.

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