Accountancy & Financial matters Management blogs

As Secretary-General with Chamber of  Commerce and Industry , on a daily basis, I am receiving phone calls and meeting many peoples from different backgrounds according to their skills and expertise in different industries. Federal and Provincial Governments announced their budget and the present slowdown economy affected the National GDP and economy very badly. According to the publicly announced budget and data from the Planning Commission of Pakistan and the Ministry of Commerce the reported growth rate in the industrial manufacturing sector 0.3. That is too much panic and the mentioned statistics badly affected the national growth. The impact on the services sector is too much high and almost many people, ex-colleagues, friends and family members in social circle lost their jobs or in some cases, they were not paid by their employer since last two months in many cases employer deducted the huge portion from the percentage of their salaries. We all are observing the sa...

Understandings with Employment Laws and Payroll Management: Background:                 Payroll Management is a complex and most instructing job in the finance department. Salary & Wage management plays too much important role in business, with the passage of time the significant of the payroll increase due to the labor laws. The Main purpose of this management system is to make the Salary and Wage distribution management more effective and efficient.  Because Salary is the system on which basis a labor can be motivate to hire a business organization. That’s Employment laws can also help the employers.   Employers get the information about the every employee job work and his important role for the business organization. There are too many laws which helps the employers and employees both to perform operations in a very cost-effective and efficient ways. The Organization's growt...