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Saturday, 26 July 2014

5 Powerful Ways to Take Maximum from your Interns

Hiring interns and getting job done from them is challenging task for any organisation. We can say interns are sound theoretically and new to practical world. Other major characters can be they are keen to work and learn. They are always looking for challenges and to keep good track-record for the future reference.

What I am writing is based on what I have seen and experienced. While working as an intern for the CA firm in New Delhi. In many cases, organization fail to hire appropriate interns. I have seen many firms selecting just in basis of grades and references.
Interns can be just additional cost to your company if you can't use them appropriately.
In this article we will discuss how an organization can take maximum benefits from the interns too.

Tuesday, 15 July 2014

World Cup 2014 : Three Important lessons your organization should learn

The countdown of world cup 2014 began from years and finally ended with a whistle.
After some days the final whistle was blown and Germans won the world cup. Some fans were sad, some were happy but this world cup gave us three IMPORTANT lessons that we must ADHERE.
Here I am comparing a football team with your organization. And if your organization has three utmost qualities that good football team has then you can achieve something higher. Every organization which will be able to inherit these three lessons is sure to rise. They can easily accomplish their vision, mission and growth objective.
In this article, please don’t expect me to talk about need of branding, how to market your products, how to win the customer etc. I am completely centered towards your organization and how should you compose it.

Lesson 1 : Your team should be strong in overall

Having only one shining star, in your team doesn’t guarantee success. Those teams which were dependent only in one star player suffered bitter loss. Let’s take Portugal and Brazil for example.
What should you do?
  • Create self-motivated and good performing team. Make them understand that leadership is not a title it’s a human quality.
  • Train your team and keep them updated.
  • Make your employee stable, show them clear picture of growth in your organization.



Lesson 2: Keep the culture of team work

Football is not one man game and so is the organization. It is not one man empire. Look at football team, how they co-ordinate with one ball. Players take their own responsibility sometime assist other to handle their responsibility.
Same should be the case in your organization.
What should you do?
  • Plan the organizational target effectively. It should be clear, feasible and optimistic.
  • Divide organizational target into departmental and further departmental targets into individual.
  • Allocate individual duty along with all the rights required to perform the duty.
  • Learn to use the available resources optimally rather than just gathering it.
The reason behind success of German football team is their team spirit. They played a good team-game and achieved the highest of Goal.

Lesson 3: Team achievement is more important

Just look at Messi, winning the golden ball is one of his biggest achievements. But look at his photo, he was not even able to smile. He was focused on team more than in his personal achievement.
If your team is also focused on your organizational goal, all will perform the best. Teach them “none of them are as smart as all of them”

What should you do?
  • Promote departmental or group wise bonuses more than the individual one.
  • Organize various programs and events continuously. You also can conduct motivational seminars or some other technical sessions which will promote                                                                             team spirit.
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Those three lessons from football can make your organization a happier place to work. After all, employees are the fundamental tool for the company and employees are the first brand which represents your company in market.


Friday, 11 July 2014

Budget 2014 and Tax Implications


Hello,
Surfacely whole India has responded overwhelmingly to new budget. Medias are full of headlines like "prospective budget", "achhe din", "Gujrat Model", "FDI" etc etc ..... There are a lot expectations in implementation side as promised in the budget.
What do you think about the budget? Are good days coming or not? In this article we will concentrate on tax implication.
Here are some major amendments/ changes in Tax regime as per 2014 budget.
Our team has done best to incorporate all the points as far as possible.
Budget 2014 : Some Major Highlights
New Slab Rate
1) For Individuals HUF and Body of Individuals
Up to 2,50,000 - Nil
2,50,001 - 5,00,000 - 10%
5,00,001-10,00,000 - 20%
10,00,000 and above - 30%
2) For Senior Citizens
Up to 3,00,00 -Nil
3,00,001 - 5,00,000 - 10%
5,00,001- 10,00,000 -20%
Above 10,00,000 -30%
3) Senior Citizen age over 80 years
5,00,000 - Nil
5,00,001 - 10,00,000 - 20%
10,00,001 and above - 30%