The Covid-19 pandemic gave a new definition to working remotely altogether. Overnight, software developers and IT engineers around the world came to the forefront to ensure business continuity plans (BCP). The only hope organizations had was in the wizards of their companies to continue their business operations. Mostly every company has its own dedicated IT team to rely on in times of such emergencies but using collaboration tools and platforms lays the foundation for generating smooth virtual communication amongst remote teams.
Through this blog, we aim to communicate the relevance of using collaboration tools and platforms to achieve productivity, employee engagement, and information security amongst remote teams.
What are the collaboration tools for remote teams?
Collaboration tools are types of software used to ensure smooth interaction among employees to complete tasks and projects conveniently. Collaboration platforms, on the other hand, allow sharing of files, projects, and documents online. These collaboration platforms can include instant messaging, video conferencing, document management systems, task management, and cloud storage. Collaboration tools and platforms save time, effort, and costs while managing remote teams. Without these collaboration platforms; the work allotment, coordination, and deliverables would go for a toss.
Gathering an understanding of the four important categories of tools namely, communication, collaboration, administration, and security is important in narrowing down the I.T. infrastructure that has to be set up for remote teams.
Commonly also called just provident fund, it is an instrument of investment which gives employees something to fall back on after retirement.
If you are an employer in India, or a foreign businessperson looking to manage a team of employees in India,then couple of companies provide a Employee Of Record (EOR) services in india, this blog will inform you on the specifics, if you want to kickstart EPF in your organisation.1.1.
Continuing ever since, it has 3 primary schemes under it:The Employees’ Provident Fund Schemes, 1952The Employees’ Pension Scheme, 1995The Employees Deposit Linked Insurance Scheme, 1976.Of the 3, the EPF Scheme 1952 called for both employees and employers to invest some money into a regulated, authority-maintained provident fund.
Public sectors are still ardent on the practice of handing pensions, whereas the trends show it is declining in the private sector.
Here are deeper insights on calculating pension under EPS.Last of the 3, the EDLI scheme is funded externally by the EPFO (Employees Provident Fund Organisation).
Applicability of Provident Fund for an establishmentEPF is applicable for establish if:The establishment is a factory engaged in any industry specified in Schedule 1 and in which 20 or more persons are employed.The establishment employs 20 or more persons.The establishment falls under a class of such establishments which the Central Government by notification from the official gazette, specify eligible.
