FAQ
For effective tax planning as an individual:
1. Identify deductions such as investments and insurance premiums.
2. Optimize home loan benefits, explore NPS contributions, and review salary structures.
3. Utilize exemptions like HRA, LTA, and strategically plan charitable donations, staying informed about changes in tax laws.
HR strategy is a roadmap for solving an organization's biggest challenges with people-centric solutions. HR strategies aim to drive overall business success by spurring employees to provide high-quality work. This approach requires HR input during policy creation and elevates the importance of recruitment, talent management, compensation, succession planning and corporate culture.
Few Golden Rules of Communication that needs to be followed are : Communicate early and often, tell everything or tell nothing, Empathize before you communicate, When possible, speak, don’t email, make it simple and be clear etc.
There are specific ways to do that can improve your communication skills listen, listen and listen, who are you talking to matters, body language matters, check your message before you hit send, be brief yet specific, write down things, maintain a positive attitude and smile.
Time management is very important. Few ways for managing time are Figure out how you’re currently spending your time, Create a daily schedule—and stick with it, Prioritize wisely,Group similar tasks together, Avoid the urge to multitask, Assign time limits to tasks, get organised, eliminate distractions etc.
Problem-solving is important both to individuals and organizations because it enables us to exert control over our environment.Problem solving is important because it helps people solve problems in their lives and work.
Few techniques for problem solving are Identify the problem, break the problem down, generate potential solutions, evaluate the possible solutions, implement and monitor the solutions.
The importance of decision making lies in the way it helps you in choosing between various options. Before making a decision, there is a need to gather all available information and to weigh its pros and cons. It is crucial to focus on steps that can help in taking the right decisions.There is a strong correlation between decision-making and problem-solving.
Few ways to improve decision making skills are Understand the context, Make a plan, Identify the “who” and “why”, Weigh the pros and cons, Get a second opinion, Limit your choices, set targets, Evaluate the outcome and learn from experience.
Delegating effectively saves time, helps you as a leader and your team develop as professionals, prepares you to manage larger teams, and inspires employees and team members to perform better.