Category: Business Management

Payroll software is a software to compute employees salary based on their basic income, overtime with other allowances & deductions. And the payroll software must able to compute the income tax details at the end of the year and monthly provident fund contributions, etc

In Singapore there are few mandatory monthly contribution must be made to relevant departments like CPF (Central Provident Fund), FWL (Foreign Workers Levy), SDL (Skill Development Fund) CDAC, SINDA, MBMF.

CPF: This fund is management by a Singapore government body called Central Provident Fund. The objective is, to provide retirement income & housing options to the Singapore Citizens & residents. This CPF amount varies depends on the employees income & age. There are different set of percentage set by the CPF board to calculate the employees & employers portion.

It is mandatory that the employee must deduct the employees contribution from their salary and must send it to the CPF board together with the employer contribution before 14th of the every next month. It is a basis function that any Singapore payroll software should able to compute the CPF details as per CPF board regulation and should have the online facility to send it the CPF board directly.

SDL : This SDL (Skill Development Levy) is contributed by the employer only. Currently 0.25% of the employees salary up to S$4,500 must be contributed by the employer. This fund is managed to provide quality training to the Singapore employees workforce. Now the government is offering up to 90% subsidy to the qualified skill & training programmes. The payroll software should have the capable to calculate and should have the online facility to send the details to the CPF board.

CDAC, SINDA, MBMF: these are the community funds independently managed by the relevant ethnic organisations. Singapore government makes it mandatory that the entire employees must contribute to the respective organisations. The employer should deduct the relevant ethnic funds and must contribute to the CPF board every month. So the payroll software should have the option to calculate and online facility to contribute to the CPF board.

IR8A : It is a employers duty to send the employees yearly income to the IRAS (Inland Revenue Authority of Singapore). And the IRAS make it mandatory that the entire Singapore employers should contribute it via online method called Auto Inclusion. So the payroll software should able to combine the whole years employees income and should able to print out the IR8A forms which can be given to the employees for their reference. And the payroll software should have the Auto Inclusion online facility to send the income details directly to IRAS.

In addition to that good payroll software should have the option to print out the payslip. It must clearly show the employees basic salary, allowances, deductions and CPF & other ethnic fund deductions. At the end the payslip should have the net salary for the months and option to view the Year to Date details as well.

Every business and organization must consider performance assessment software; the reason for this is that in order for a company and organization to be successful, they must comfortable and competent employees in their work force. This goes a long way in weaving out those employees who may not be up to snuff, or up to par, with the vision set forth by the company and organization. There are things such as blogs in which can be used to recommend products of this nature, and are a small cost to pay in order for an organization to perform at their absolute best. The company and organization is only as good as its weakest link. A company and organization cannot have it where some employees are performing, while others are slacking off with company time and money, and making it more difficult for the company and organization to move forward.

Performance appraisal software is a great way to not only see where employees stand as far as with what the company and organization prefer to use and to grow, but show particular areas in which employees can grow, and where employers can teach. It is important to remember that this is a two way road, and that there can be something done on both side of the spectrum, in order to ensure the success of the employees, the happiness of the employer, and the success of the company and organization. Further, life is a constant learning experience, no one is born knowing everything, and with the rapid nature of constantly evolving company goals and organizations, it is key to remember that employees need help to stay on track at all times. This will ensure their success, as well as the success of the particular company and organization, and the happiness of the work place overall.

Some ways in which the evaluations can be seen, is as a bench mark, in which it is up to the employee as well as the employer to ensure that there is advancement, every time that a certain assessment is taken and Performance appraisal software can prove to be quite beneficial in this sense. This will help motivate the employees to do better in their job performance, and help the company and organization perform better, and at a higher standard than ever before. Along with this, it gives the employee confidence when they have met and exceeded their previous goals and accomplishments. This opens up the window for the employer to reward the employee for applying themselves, more so to their craft and their positional responsibilities. Everyone needs some type of reward reinforcement, at some point in time, because it gives them the motivation to not only move forward, but take pride in their work.

The writer is having comprehensive knowledge about skill gap analysis and performance assessment software. Hope this article has been able to provide you the kind of information that you were looking for.

Qualification in business management is in high demand by most public and private sector corporations today. These courses include training in skills that are important for survival in a corporate environment and succeed as a businessman. Most businesses are looking for qualified professionals to help their business survive or thrive in the competitive private sector industry. Different areas are handled by experts in each of them, and business management is an integral part of a business. This rise in demand of courses in management led to an increase in number of such institutes, each with their own qualification criteria and teaching methods.

Students apply for different types of courses, including post graduate diploma in management or full degree courses depending on their preference. With the big array of institutes offering these courses, choosing the right college is far from easy. A number of factors can help students narrow down their choice of institutes and select the one perfectly suited for them. An important factor in choosing an institute is ensuring it to be an AICTE approved PGDM institute. Most colleges are required to have the certification to be deemed trustworthy. Mulshi Group of Institutes is among the institutes with this certification and offers the aforementioned PGDM course along with Retail Management in Pune. AICTE Certification aside, Mulshi Group of Institutes features a solid infrastructure. Classrooms with LCD projectors and computers, a fully furnished digital and standard library, separate language labs, student accommodation and medical facilities raise the standard bar.

Like every other management institute, their training methodology is unique and efficient, including case analysis, business simulations, home assignments and lectures, with well-trained and experienced faculty in the field of corporate business management as well as in the field of education. This training methodology promises to develop skills and abilities, like decision making skills, thinking articulating and communication abilities, attitude, personality and leadership abilities and interpersonal and team work skills. Several core and elective courses are listed as a part of the diploma course. The institute assigns 10-week summer internships in the middle of the course and promises placements by the end of the course, with packages as high as 10.2 lacs.

The code of conduct of the group of institutes encourages discipline and a professional behaviour at all times, important in developing the personalities of future managers and conditioning them to the norms of the corporate world. It is located in Pune with a extensive campus suitable for learning. Undoubtedly, Mulshi Group of Institutes should definitely be included in the narrowed-down list of every capable student seeking admissions in a management course, because of its infrastructure, culture, training methodology, trained staff and courses. These factors make it one of highly acclaimed institutes offering post graduate diploma in management.

You are an experienced professionals working in an organization for many years, but don’t know how to burn out your potential and things around you are going in the same way. Then it’s time to think some creative and out-of-box concept to make you reach at the pinnacle of success. Online Business Management degree is the easiest way to get administration skills in a prominent way which not only updates you with global scenario but also gives potential to execute things in a unique way. Online programs have been well appreciated for its quality education and fastest mode to deliver the information. Various online business colleges and educational institutions are offering several interesting course structures which have been prepared by experienced professors and developed according to are job scenario which can upgrade students’ skill and knowledge according to today’s job requirements. Some top-quality Online Schools are University of Phoenix, Cappella University, Florida International University, Walden University, Liberty University, Salem University and others. These universities are providing excellent job oriented education which is essential to run a corporate sector.

Business Management degree is one of the popular degrees which is popular among students as it opens numerous doors for many jobs and advances your professional career. It gives you salary and position hike at your work place as management degree has great demand in today’s industries and every sector depends on proper administration. The managerial skills, communication skills leadership skills and tools and techniques of business are essential parts of a management degree which must be learnt during classroom programs. These programs are conducted at bachelors or master’s level like which aids to give career advancement.

Some factors must be kept in mind before selecting online curses

Accreditation of college

Reputation and recognition of college from affiliated university do matter while selecting online courses, one course for your future growth. Always prefer to invest money in a well-established and recognized college which can give you quality education and can help in placement too. Many top-notch companies prefer renown college or university while recruitment.

Mode of classes

Online courses are offered via video-audio programs live online chat, live television and satellite channels. Just have a look on the mode of education that they select for the classes as it will give you ease to understand courses in an easiest way.

The financial aid offered by university, college and institutions

Many universities have their own guidelines, rules and regulations for the financial aids, so if you don’t have money for Business Management classes, avail financial aids of those universities which can fulfill your dream for further professional qualification.

Course offered

Some online colleges give fake degree or certificate, so first of all aware about the reputation of educational institute, for this purpose, take help of internet to search the websites of universities that you have selected for Online Schools. Do comparative study of each college and university, first and foremost thing that you need to observe is the accreditation or affiliation of any colleges or institutions from a reputed university, and then you need to see course structure, either they meet today’s job requirement or not. Only quality education can help you to climb the ladder of success.

Lucifer Gomes, having years of experience in education industry. His precious views for Business Management and Online Schools programs have counseled the students for shaping their career in a new direction. For more information on online programs, visit uiu.edu

Integrated software solutions have relatively long history but only a small number of software vendors provide integrated solutions in the segment of gym management software, limiting the selection of valuable integrated modules to a handful of choices. Thus, even large corporations still utilize different software applications to deal with day-to-day business activities, failing to realize the benefits of integrated software or unwilling to implement integrated solutions that reduce overall business costs and improve inter-departmental communication and efficiency as a whole.

Modern-day integrated modules are capable to deal with various aspects of running a successful gym business, including accounting and billing, marketing, sales, and relationships with current and prospective customers. An integrated solution can also feature social networking capabilities that complement their built-in functionality aimed design of efficient and targeted marketing strategies. Those integrated solutions, suitable for both large chains of fitness centers and single gyms, eliminate the need to install, run, and support numerous business software applications that deal with different business processes and procedures, which in turn results in unexpectedly high return on investment rate within a very reasonable period.

Initially, gym management systems have been designed with only core business processes in mind, before software vendors to start realizing that they can borrow from concepts of customer relationship management (CRM) and enterprise resource planning (ERP) systems and incorporate similar functionality into advanced fitness center management systems. Evidently, gym management applications have more limited functionality compared to sophisticated ERP systems, nevertheless integrated gym management solutions are capable to deal with complex tasks, providing advanced functionality at markedly lower prices. Therefore, integrated business software solutions are enjoying growing popularity among gym owners willing not only to modernize their gym management software but also to witness lucrative ROI rates.

Ease of use is considered a major advantage of all and every business software application and gym management software is not an exception from the rule. Thus, software vendors that offer rich in functionality integrated modules have started to pay more attention to user friendliness and development of easy to use and intuitive interface. Software companies experience fierce competition, therefore integrated solutions in the sphere of gym management now feature rich functionality and carefully designed interface, securing competitive advantages to both customers and software vendors although in different ways.

The price of software for management of fitness centers is essential when owners have to decide whether to invest in new software while it is much harder to evaluate the indirect benefits from gym management system implementation. An integrated gym management solution reduces overall business costs through introduction of functionality usually covered by various business applications such as accounting, scheduling, or marketing software. Furthermore, payroll costs can be lowered because of the high level of automation as well as advanced functionality, like sales force automation (SFA), provided by integrated software. Overall, gyms are allowed to save money on numerous business applications or spreadsheet solutions by implementing an affordable integrated solution that provides functionality covering the full scope of business procedures and all processes involved.

Gym management solutions gradually evolved into fully-functional business management systems, featuring all the functionality required run a successful business in a highly competitive environment. In addition, worthwhile integrated solutions are even more affordable these days for many software vendors offer monthly payment schemes, instead of one-time license purchases, intended to reduce the average cost of investing in gym management software.