Review Cycle Meaning and Importance | HRMantra HR Software

Review Cycle Meaning and Importance | HRMantra HR Software

1-2 minutes

Review cycle is a continuous process of performance evaluation, done quarterly in a year. At the start of every quarter, a performance management software is used to set goals for every employee. Both KRAs and KPIs are set, and at the end of each cycle, the employees are asked to evaluate themselves. Thereafter, the manager sits with every employee and tells them his feedback.

A review cycle, in simple words, is planning the work in advance to set and be able to meet expectations. It is also about monitoring the performance on an ongoing basis and rewarding the good performers.

Now, the review cycle comes into major action at the time of appraisal. Moreover, it helps the company increase the productivity of employees; furthermore, the review cycle identifies the loopholes and takes actions accordingly. It helps in the ultimate achievement of the long-term and short-term goals of the company.

Meaning of Talent Management and Significance | HRMantra HR Software

Sukriti Saini 1-1 minute 6/13/2019

Otherwise known as Human Capital Management, talent management is a general term that consists of anticipating the organization''s needs in terms of human capital and those steps to be taken for the purpose when the time is here. The field grew to be popular after McKinsey''s research in the year 1997 and a book on The War for Talent.

In brief definition, Talent Management is the management that seeks to attract and develop highly proficient resources. It is also the strategy to develop and retain present and new human resources to meet the immediate and long-term objectives of the organization.

What is TDS and its Importance | HRMantra HR Software

Sukriti Saini 1-1 minute 6/13/2019

TDS stands for tax deducted at source. The Income Tax Act requires individuals to pay taxes when making payments. The tax is, therefore, deducted at the source at prescribed rates.

It means that rather than having a tax levied on your income taken out at a later date, the government prefers to do so beforehand, right at the source. TDS is deducted by an authorized deductor and deposited with the IT department thereafter.

The rate of TDS deduction on salary varies between 10% and 30% according to the tax slab in which the income of a person falls.

What is Work-Life Balance and Why It is Important | HRMantra HR Software

Sukriti Saini 1-1 minutes 6/13/2019

Work-life balance refers to a standard of living wherein a working individual is capable of balancing his or her personal and professional life. If an individual is not compromising with any one of them, such a state is said to have a work-life balance.

Mostly, working professionals are unable to manage their work life, and because of that, their personal life suffers. Prioritizing and structuring, taking short breaks, using technology to fasten up the process, etc., can be smart ways to achieve a perfect work-life balance.

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