4. 5 Things Every Company Should Adopt

Are you a Businessman? If yes, then you are in the right place. Because in this blog we will help you realize how adopting these 5 things will improve your focus on the core business strategies and nothing else.

Did you ever realize how much time you spend monthly doing stuff that doesn’t add a single rupee profit to your organization? If not, then it’s the right time to think about it.

Below is the list of these processes or technology which are essential for your Business but if implemented in the right way will also be beneficial. These are

1. Automating Time & Attendance
2. Outsourcing Payroll & Compliance
3. Installing CCTV Surveillance
4. Implementing Fire & Safety measures
5. Adapting Renewable Source of Energy

1. Automating Time & Attendance:
   1. A great resource is an asset for a company and can do miracles if handled well. But sometimes it becomes necessary to keep a check on their attendance. This is done for two reasons 1. For calculating their salary 2. Managing their Shifts and Leave records.
   2. A recent survey says that an average company wastes about 2 to 3 working days per month in doing the same. This means 24 to 36 working days a year only for managing attendance. This is a lot of time.
   3. Solution: Automating the whole process and bringing the time down from 3 days to a few hours. This can be easily achieved by installing Biometric devices with supporting software for the same. This would not just save time but also give you ample analytics to go through and in today’s world analytics is everything.
   4. Recommendation: BioMax, eSSL, and Realtime.

2. Outsourcing Payroll & Compliance:
   1. The day you register your business from the same day its compliance starts (TDS, Shop & Establishment, bla-bla-bla, etc.) and it’s just a start. If I go with all the compliance rules then the list is long and can’t be explained here. Maybe in future blogs but for sure.
   2. Now please let me know why have you started your business?
      1. To make it big and earn loads of profit?
      2. Or to learn all these compliance rules?. It even makes sense to learn it if you are from a similar industry background (like CA, Accountant, TAX Consultant,  etc.) but what if you are an IT Professional, a Marketing Expert, an Engineer, or a Doctor. Things turn out to be a nightmare and if you don’t make the right decision at the right time then in a few years the whole compliance thing is a mess. Eventually, you end up paying a hell lot of penalties plus the Directors are busy attending sumums.
   3. Solution: If you think that you are undergoing the same problem then don’t waste your time and quickly outsource your payroll and compliance. There are a lot of service providers which can assist you in doing the same. See to it that you select the right partner who has experience in this for years. This will not just streamline your company’s payroll and compliance but also ease your mental stress regarding the same. The call is yours.
   4. Recommendations: It’s very difficult to recommend anyone before knowing the complete scope of work of the company. But you can surely get in touch with the experts by clicking below.

3. Installing CCTV Surveillance:
   1. In India, crime has a substantial growth of 1.5% every year. And location-wise if you are from these states then its crime figures will surely scare you.
   2. In October 2019, India’s National Crime Records Bureau (NCRB) released crime statistics for the year 2017. It says in terms of IPC crimes, Delhi’s rate of 1,306 (per lakh population) far exceeds any other UA (Urban Agglomerations). Kochi, Patna, Jaipur, and Lucknow follow with crime rates of 809, 751, 683, and 600. The lowest crime rates with regard to IPC crimes are in Kolkata (141), Coimbatore (144), Hyderabad (187), Mumbai (212), and Chennai (221). The northern UAs in terms of IPC crime rates are about two times higher than southern UAs. (read the full article here)
   3. Be it from any state or you have placed a security guard there, it’s impossible for any human to monitor everything every time and present that to someone in detail whenever required with pinpoint accuracy. When it comes to tracing an incident, the legal authorities always prefer solid proof. And what if you have 10’s and 100’s of branches, offices, vehicles, movable and immovable assets? Appointing, training, and managing a guard in each location is a task in itself. 

In this case, whom should you rely on?

Is there any solution, which is reliable, robust, and cost effective? Let’s find out.

4. Solution: What else then a CCTV Camera can save your life. Absolutely!

It’s reliable: You can rely on a CCTV camera which is safeguarding your valuables 24×7 by recording everything which goes through its lens.

It’s robust: In today’s world, CCTV not just records footage but also analyses the same to throw alerts to the user for any intrusion, trespassing, temperature change, etc.

5. Recommendation: A lot of companies fall under this segment and every one has its own characteristics and expertise. Just to name a few known brands are D-Link, Hikvision, Panasonic, etc.

4. Implementing Fire & Safety measures
   1. One of the most important things everyone should implement in their House, Premises, Parks, Offices, Factories, warehouses, etc. what not is Fire and Safety measures. But sadly it’s one of that top-rated stuff to which everyone gives the least importance. Eventually, you know the consequences, one spark and it can destroy your entire earnings in a few minute’s time.
   2. As per the ‘National Building Code of India (NBCI) (Fire & Safety),’ it’s compulsory for any property be it a residence or commercial to follow the Fire & Safety regulations. Also, they have to go through regular audits to check whether they comply with the norms correctly or not. But in India, we can hardly see anyone who seems to follow the same because as per them it’s not that essential and a waste investment.
   3. Let me tell you the damage that fire does to a property is 15 times more than any robbery, machine breakdown, strike, loss in that property. Because nothing is left to recover from.
   4. Solution: Make sure you follow all the required rules and regulations defined by the Fire & Safety department at regular intervals. If your organization is huge then no doubt you have to outsource the same to an expert Fire & Safety consultant or government-approved service provider.

5. Adapting Renewable Source of Energy

If all the above four points did scare you a bit then point number 5 will surely bring a smile to your face, I promise.

1. A renewable source of energy is the energy that is collected from renewable resources, which are naturally replenished on a human timescale, such as sunlight, wind, rain, tides, waves, and geothermal heat (Wikipedia).
2. Everybody on the planet loves unconditional love and we get it in abundance from Mother Nature. In return what we give her? If you say nothing then you are absolutely wrong. In return, we give her all kinds of pollution, deforestation, global warming, nuclear waste, etc. it’s a never-ending list. Now you will ask me how it makes a difference to my company? Yes of course it does and that too in many ways.
3. In this fast-moving world, the demand and to fulfill the demand the supply has gone through all the possible wrong ways which only hurts the environment. Due to all this stuff, the global atmospheric imbalance occurs which affects the economy in return and eventually your business. It increases your overall infrastructure cost if you are thinking to invest more in property, your water bills, your overshooting irregular electricity bills, fuel and commodity price hike, etc. 
4. Solution: Opting for renewable energy is the only solution. Solar energy is one of those energies the world is moving towards today. It’s abundant, it’s free and it’s gonna continue to be the same for another million years. Many organizations have taken initiative and installed solar power plants on their premises and saved lakhs in their electricity consumption. Moreover, the government too supports such initiatives and gives subsidies. Today it’s a costly affair but the ROI is long-term and profitable.
5. Recommendation: Vikram Solar, Loom Solar, Tata Solar, etc.

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