8

Click here to load reader

International Payroll & HR Conference - NAIP

Embed Size (px)

Citation preview

Page 1: International Payroll & HR Conference - NAIP

Opportune Technologies Pvt. Ltd

Page 1 of 8

NAIP International Payroll Compliance & Tax Forum 2013

@ Hotel Orchid, Mumbai on 12th December, 2013

Conference notes by Opportune Technologies Pvt. Ltd.

Page 2: International Payroll & HR Conference - NAIP

Opportune Technologies Pvt. Ltd

Page 2 of 8

Dear Friends,

Role of HR is changing globally. It needs to be strategic & its role

will have an impact on the overall success of an organization's

sustainability and bottom line in the coming future.

Payroll being the essential part of HR, NAIP, in its continuous

effort to address critical payroll & HR centric issues on a global

scale, has convened the conference which was a good learning

experience for the delegates.

Opportune Technologies has been participating at NAIP forum

since 2 years. Last year we were a registration partner for the

event. With all your best wishes, this year Opportune was invited

as a guest speaker to enlighten the participants on the topic of

“Future of HR Automation”.

We were really honoured to share the dias with the dignitaries

from the HR fraternity and delighted to interact with you all.

Sharing herewith the notes from Opportune & it’s observations for

you. We would like to have feedback on the same.

Dhwani Mehta: Opportune Technologies Pvt Ltd– 9821186599

Page 3: International Payroll & HR Conference - NAIP

Opportune Technologies Pvt. Ltd

Page 3 of 8

Morning Session

Keynote address on how best to achieve co-operative relationship with

government agencies - By Dr. Mahendra Raju, Additional Central PF

Commissioner, EPFO Ministry of Labour, Govt. of India (demitted office):

According to Mr. Raju,

- Blaming the government for stringent & complicated laws & compliances, will not

solve the problems. The companies should develop a co-operative approach by understanding basic motto behind the formation of laws.

- As in the case of various labour laws, Employees should be induced to avail the

maximum benefits out of the provisions of such laws which are for the their betterment only. For eg. contribution into PF on the full salary instead of

contributing only basic minimum required.

- Similarly in the case of employee outsourcing, the principal employer should

regularly keep a track of the fulfillment of all the compliances by the contractor employer. Mr. Raju explicitly mentioned that HR Automation solution providers like Opportune should develop an automated solution that helps tracking

Contractor for the PF rule compliance.

Opportune Views:

How can it be easy for HR to archive old/historical data especially related to compliances

and retrieve it easily on demand?

If you have any ideas, do share with us: ______________________

Page 4: International Payroll & HR Conference - NAIP

Opportune Technologies Pvt. Ltd

Page 4 of 8

1. Effective Workforce development, Managing the Poor Performer by

Dr. J.T. Vyas Senior Surgeon (Nanavati Hospital):

According to Dr. Vyas –

To build a successful organization following things are must.

- A selection of good team - Look for a potential leader for the team

- A proper assessment of manpower requirements - Involvement of the team - Understanding the team members interests

- Delegating the responsibilities - Proper supervision

- Complete the assignment

Opportune Views:

Can technology assist in Manpower budgeting, project management, training &

performance management to build the successful organisation?

If you have any ideas, do share with us: ______________________

Page 5: International Payroll & HR Conference - NAIP

Opportune Technologies Pvt. Ltd

Page 5 of 8

2. Panel Discussion on Payroll Tax & Technical updates

Moderator: Mr. Kapadia, (KPMG)

Panellist – Adv.S.K.Gupta, Supreme Court of India, Mr.Hiten Shah,

Associate Director| Tax & Regulatory services – Ernst & Young LLP, CA

Nilesh Kapadia – N.M.Kapadia & Co., Dr. R. Krishna Murthy – S.R.Mohan

Das & Associates

Points from the discussion – - Few of the challenges raised by panelist that affected Payroll process are like

Form -16 does not address foreign income, Changes in upload utilities by

Regulatory Compliance portals.

- How some of the employment law provisions, rules, ambiguity in tax forms are affecting payroll process. Compliance of contractor employees is becoming a

challenge for the business especially for the unlicensed Contractors

- In addition, panel also discussed the administration’s proposed laws, compliances

and their major impact on the companies’ payroll process & how to change or prepare payroll processes to ensure compliance with the legislative actions & new

enactments.

- There is lot of automation happened in last 2 years on PF and ESI front however

delay in furnishing returns, tax payments & other compliances can instigate prosecution against BoDs of company

Opportune Views: Regulatory compliances are evolving fast, HR automation tools must be in sync with

these changes. How come tax consultants be able to audit these tools to see

compliances are being implemented as per its letter & spirit?

If you have any ideas, do share with us: ______________________

Page 6: International Payroll & HR Conference - NAIP

Opportune Technologies Pvt. Ltd

Page 6 of 8

Afternoon session:

3. Future of HR – Automation is the key Presented by

Mr. Dhwani Mehta, Director HRMS Opportune Technologies Pvt. Ltd

According to Mr. Dhwani Mehta:-

- HR is becoming more dynamic & is changing.

- Focus is not just on compliance, but also on employee engagement, talent

enhancement & contribution to the business.

- Focus is not Employee control by employee CARE

- CEOs are looking to HR leaders for vital support to optimise utilisation of human

resources

- Analytics & future business predications are critical for scaling & keeping up with

Future changes as per business Dynamics

- This transition needs a transformation in work culture and in systems & processes

as well.

Solution to the Changing HR as per Mr. Dhwani Mehta

HR processes automation is the key to achieve success. Cloud based solution implemented using SaaS offers cost effectiveness and better alternative to upgrade

Page 7: International Payroll & HR Conference - NAIP

Opportune Technologies Pvt. Ltd

Page 7 of 8

4. Panel Discussion on E-check to keep your company in compliance. Moderator: Dr. R. Krishna Murthy - S. R. Mohan Das & Associates

Panellist – Major Nar Singh, Joint Director, Departmental enquiry of ESIC (west

zone) – Govt.of India, Mr. P. U. Kulkarni, Regional PF commissioner-Bombay- II,

Kandivali

Points from the discussion –

The panelist enlightened the delegates with the various important provisions of the

various employment laws like ESIC, PF, PT, Gratuity, etc. followed by questions &

answers session between the panel & delegates on the topic.

Key Points Highlighted by Major Singh was on ESI applicability for New Construction site

and various other scenarios for PF Applicability like washing Allowance, Factory vis-vis

establishment etc

Opportune Views:

Can government agencies identify right automated solution which has established

reputation of good Payroll regulatory compliant, and provide visibility channel to

establish connectivity between solution provided and solution seeker?

If you have any ideas, do share with us: ______________________

Page 8: International Payroll & HR Conference - NAIP

Opportune Technologies Pvt. Ltd

Page 8 of 8

5. Mr.Lindsay Melvin, CEO – Chartered Institute of Payroll Professional Effective payroll administration for international assignments:

According to Mr. Melvin:-

- To manage international assignment compensation delivery successfully, one

need to have good collaboration, an understandings of the deliverables required &

global oversight of the process.

- Mr Melvin explained in detail strategy to plan global payroll process right from

preparation till execution. Dear Friends, It is time to collaborate & move, it’s the time of knowledge sharing, it’s the time to emplower If you have any ideas of HR innovation, you want to discuss this in person, any other query related to the NAIP conference

Let us Connect now!! Email me on [email protected] Or call Mr. Dhwani Mehta on 40365432