People are the biggest asset in any organization and it gets highest importance once comes to service industry as the dependence to other assets such as plant, machinery, raw material etc are comparatively less in the service sector. IT industry is one of the highest people dominated, people dependent industry. The Human Resources Department in every organization protects the interest, image and success of the company in every way possible by complying with various laws, executing administrative processes, and creating policies in the most cost-efficient manner.

It is mandatory for members of EPF/EPS to name their nominees when they join, giving them the right to collect the PF amount to their credit as well as the Pension benefits in the event of death. The nominee will be allowed for benefits from the insurance and pension schemes if the account holder suffer a loss. Members of the Employees Provident Fund Organisation (EPFO) should be aware of various advantages that filing e-nomination for the EPF, EDLI, and EPS schemes.

Are you at the stage of taking your business to the next level?, Let’s not do some mistakes many of the entrepreneurs do by over focusing on business rather than your organization. As long as you have customers your business is in good phase and your organization is much more than that. Its more of the team, systems, processes in place through which you make profit by serving your business.

Finally entrepreneurs in the small and medium sector are also slowly realising the importance of data and data keeping beyond normal accounting process. It's a welcome move to see that many business owners to subscribe different systems, be it CRM, HRMS, ERP etc. Thanks to technology innovations and proliferation of companies in SAAS based software platforms and telecom industries which made all these easily available and affordable to the non-corporate sector of the business.