Checklist Monthly Basis
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Hi,I understand that some companies are insisting on monthly payment of Gratuity (instead of payment during separation). This has a noble idea of paying the employee rather than the contractor, who may get the benefit as 5 years of service is nowadays uncommon.I...
Friend,Gratuity is payable only after separation from employment following continuous service of more than 5 years. The rates of the last drawn Basic Pay + Dearness Allowance are to be considered for the calculation of Gratuity. When calculating the NOTIONAL bur...
Hi there,You can distribute your Key Performance Indicators (KPI) and Key Result Areas (KRA) easily each quarter. A quarter has 3 months, and each month you target to finish a portion of your KPI. It can be easily measured; however, the fear of wasting time eval...
Identify relevant KRA and KPI for every position. Measure them. Either move bottom-up or top-down. In good companies, you can see the performance on a daily/weekly basis.
Interesting discussion.It depends on how objective the KRA is. If the KRA is very objective and numerical (SMART), the report could be automated. But until then, you will need to calculate it to maintain the objectivity. There could be other options, but that de...
Well, normally, we plan for management review meetings and prepare an Excel sheet where each employee puts down his daily routine work and status, which is then confirmed by the HOD. This can be done on a daily basis. Either an employee can fill the Excel sheet ...
Another simple example - admin person:1\. Use negative variance between the first quote and the final negotiated price to see how effective the negotiation skill is.2\. Non-compliances in a year.3\. Maintenance methodology adopted - e.g., do they repair tubeligh...
Dear Seniors,The management of my company has given me the task to evaluate the performance of employees in all departments on a monthly basis. This evaluation should be linked to their Key Result Areas (KRAs) and obtaining ratings from their Heads of Department...
Dear Aravind,Step 1: Every employee should be asked to inform you of the savings he is expected to have made by 30th April.Step 2: Calculate the taxable income of each individual based on last year's investments and savings.Step 3: Please include a formula to de...
Hi Aravind,I suggest you go for a simple payroll software that will solve all your troubles. While we have Excel formulas, I recommend opting for software such as Tally or other economical alternatives. Choose a vendor who has been in this business for at least ...