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Labour ministry asks EPFO, ESIC not to inspect startups for 3 years

New Delhi: The Labour Ministry has directed retirement fund body EPFO and health insurance provider ESIC to exempt startups from inspection and filing returns for 3 years.

In line with Prime Minister Narendra Modi‘s vision to nurture startups, the ministry said in a set of directions last week that the new age ventures should be allowed to self-certify their compliance with 9 labour laws.

startupindiaLabour Secretary Shankar Aggarwal in a letter said startups should not be inspected or asked to file returns for 3 years under 9 laws including Employees’ Provident Fund and Miscellaneous Provisions Act and the Employees State Insurance Act.

“Promoting startups would need special hand holding and nurturing. Thus, such ventures may be allowed to self-certify compliance with the Labour Laws,” he added.

They will be exempted from inspection under the Building and other Construction Workers (Regulation of Employment and Conditions of Service) Act, Inter-State Migrant Workmen (Regulation of Employment and Conditions of Service) Act, Payment of Gratuity Act and Contract Labour Act.

Startups will also be exempted from filing returns under the Industrial Disputes Act, Building and other Construction Workers Act, Inter-State Migrant Workmen Act, Contract Labour Act, EPF Act and ESI Act.

There will be a blanket exemption from inspection and filing returns for the first year and would be asked to file an online self declaration form.

They will also not be asked to file return or inspected for the next two years, but will be inspected in case a “very credible and verifiable” complaint of violation is filed in writing and the approval has been obtained from the Central Analysis and Intelligence Unit (CAIU), Aggarwal said.

Except the EPF and Miscellaneous Provisions Act and the ESI Act, the implementation of other seven laws lies in both central and state government’s sphere.

Labour Ministry had directed its officials as well as the EPFO and ESIC to regulate inspection of startups, under laws which lie in the centre’s sphere.
PTI

For Your Career

 

QuezX Career For Your Career

E-commerce cos not enthusiastic of hiring this year    Economic Times

Last year e-commerce companies hired close to 400 management graduates. The number is set to drop drastically this year. The downward trend of hiring is mainly due to layoffs in many startups as well as poor business models. The companies, which are growing, are reassessing their cash burn and need for hiring.


The first 12 words you speak could decide if you get the job    Business Today

A new research has found that first impressions matter a lot when you go for a job interview. The first 12 words you speak when you greet your interviewer can reveal the positiveness of your personality. Those who can speak eloquently can have an edge since people think on emotional lines. It could also cause a bias in class since those from middle and upper classes are taught to be confident from an early age.


Using too much social media? You could develop sleep disturbance    Tech Crunch

A new study has found that people who are actively checking their social media pages during the day are more prone to have a disturbed sleep at night. The study is one of the first crucial experiments conducted on adults who are the first generation users of social media. 30% of those who spent 61 hours a week online, ended up with serious sleep issues. Insomnia could lead to more usage of social networks, thereby creating a cycle.


How you can make people stay in a startup longer    Yourstory

– The company head should tell employees the ultimate goal of the startup and what each can contribute to reaching it.

– Give people the reins. Empower each employee to execute a task in the way he deems fit.

– Even if it is a small achievement, celebrate it because happiness comes in small packages.

– Get everyone to participate and voice their opinion rather than just involving the leaders.


QuezX startup From The Startup Corner

Tea startup gets backed by this industrial magnate    Firstpost

A tea startup, Teabox, has received undisclosed funding from Ratan Tata. This is the first such investment for the veteran. Tata’s advice to the premium tea producing startup was to make the brand global. The startup created new systems for preserving the taste of tea for a longer shelf life. Till now, Teabox has raised $1 million from a clutch of investors and counts people from 93 countries as its clients.


No tax return hassle for 3 years for startups    Firstpost

As an encouragement to startups in India, the government has asked the Employee Provident Fund Organisation and ESIC to exempt startups from inspection and filing of returns for 3 years after registration. Such companies will be able to self-certify their compliance. The first year would be a blind exemption while any legitimate case of violation that may be found in the next 2 years, may lead to an inspection.


Tips to remember when you are starting up    Entrepreneur

– Learn accounting or get someone for it so that you can understand the financial part of your business.

– Keep your fixed cost as low as possible which includes rent, salaries etc.

– Efficiently allocate money to departments and keep budgeting.

– Don’t overestimate revenue and underestimate cost.

– Have 6-months worth of expenses as capital ready and avoid taking bank loans.


Rocket Internet unhappy with India, might dump some startups    Inc 42

Startup incubator Rocket Internet has decided to give up its focus on India. The Berlin-based company has been trying to sell off its investment in Indian startups such as FoodPanda, Jabong and FabFurnish. If the company isn’t able to sell off the startups, it might consider shutting them down by the end of the current fiscal year.


Paytm goes international, AliPay comes to India    Inc 42

In a barter deal, Paytm will leverage investor Alibaba’s resources for global expansion while the latter will bring its payment system AliPay to India. This will allow a Chinese shopper to pay to Indian merchants using AliPay, and a Paytm user can pay in rupees to merchants in foreign countries. Paytm will use Alibaba’s cloud service Aliyun to access data and trends across markets.


QuezX business The Top Stories In Business

WEF picks RBI Governor for new global study    Economic Times

The World Economic Forum has created a task force of reputed people to study the effect of technological advancement on financial stability and growth, monetary policies and loss of trust in financial services in emerging markets. One of the members is RBI Governor Raghuram Rajan. In the Davos meeting last week, technology was referred to as the Fourth Industrial Revolution.


What made Donald Trump praise India?    Indian Express

US Presidential candidate Donald Trump feels that India is doing great economically, despite no one talking about it. Trump has been vehement in his criticism of countries like China and Japan, and this is his first reference to India. He also stated that the US has gone from an economic powerhouse to a laughing stock while economic talks surround India and China have increased.


Toyota & Suzuki deny report of a partnership    Reuters

A new report claimed that car manufacturers Toyota and Suzuki are in talks for a partnership. However, the Japanese companies claimed that no such discussion has taken place between the duo. The joint deal was to use each other’s strengths and create compact cars for emerging economies like India.

source :-Quezx

URGENT HIRING FOR SEO Manager

This is inform that urgent hiring for IT Company for the Position of SEO Manager at Noida. If you are interested So, kindly please send us the updated CV. and check the skill.

Summary

Responsible for improving a company’s organic search results. Creates and launches SEO campaigns, identifies areas of improvement, runs PPC campaigns, and attempts to improve the clients’ sites’ rankings in major search engines.

Primary responsibilities

Review and analyze client sites for areas that need to improved, deleted, or revised.
Prepare detailed strategy reports.
Identify the least expensive but most powerful and profitable keywords for client sites.
Run pay-per-click campaigns.
Improve a company’s organic search results.
Write effective headlines, body copy, and websites.
Ensure websites are filled with optimal keywords.
Place keywords appropriately in copy to gain most search engine traffic.
Write effective call-to-action statements.
Write original, powerful SEO content for blogs and websites.
Implement off-page SEO content strategies such as coding.
Effectively use header tags.
Keep abreast of white hat and black hat tactics so as not to violate search engine guidelines.
Strategize ways to improve and track site performance.
Compile and present SEO performance reports.
Adjust PPC campaigns as needed.
Consult with independent web designers to improve the navigation of a site to enhance its search engine ranking.
Utilize basic programming and web design skills to enhance SEO.
Create advanced SEO strategies.
Evaluate product offering, traffic, landing page quality, content, design, security, payment options, shipping options, demographics of prospective customers when determining keywords and campaigns.

Exp. – 02 – 04 Year

Salary – 02 – 04 Lac.

Location – Noida

Thanks & Regards
FOR A1 HR Services

Mallika Sigh / HR.

M:- 8750767393

Bagging a startup job: 5 lessons

 

You may get hired in s startup on your skills but you will only stay in the job for your will, says Varun Rathi, cofounder of Happay

TimesJobs.com Bureau

A new venture can start with one business model and then pivot into another the next year till it finds its feet and can scale smoothly. In such scenarios, the founders have to find employees who are very different from professionals looking to work in more established businesses.

In this context, TimesJobs.com spoke to Varun Rathi, cofounder and COO of Happay, a business expense management solution provider that moved from being a B2C startup to a successful B2B venture. Rathi and Anshul Rai, both IIT Kharagpur alumni, started Happay in 2012 in Bengaluru. In this interview, Rathi answers questions on different facets of hiring.

Why do startups want dynamic people?

The skills required at different stages in a startup are very dynamic and the same is expected from people joining in the early stage. We pivoted from B2C to B2B after running a product with decent success for a year and the same team continued our growth for B2B product even if the skills required to sell, promote, advertise and build the new product were completely different.

How is hiring different in your company?

-We would look for people who need the least amount of ‘unlearning’ – they are people who will come in with an open mind and not say ‘it has always been done this way, and that’s how I will do it’

-We are not very stringent on work experience. At times, even freshers do a job better.

-We like people to be agile and understand business requirements — be it in any profile. We run weekly iterations and sprints not just in product development but in marketing, customer support and even sales. So being able to adjust to constant and unpredictable change is a must.

What did you learn from your experience?

What we have learnt from our own experience, from industry experts and our mentors is that any startup will want to hire and retain people falling in the two quadrants — Will + No Skill or Will + Skill and No Will + No Skill or No Will + Skill). If the will to learn is there, the skill can be developed. You may get hired on your skill but will only stay for your will.

Depending on the stage of a startup, it might be looking for someone who comes on-board and starts building/writing/doing things from scratch or someone who can take up an already defined process and scale it to the next level.

Can you give some actual examples?

If you are applying for marketing/growth hacking: Apart from your core skills as a digital/offline marketer, basic knowledge of Photoshop and HTML are preferred. This increases your speed of execution and reduces dependency on a ‘design department’ and ‘tech team’ to test a new idea. It also saves valuable time of other teams.

Also, in most tech companies, marketing is evolving into growth hacking, which requires a deep understanding of ‘day in the life of the customer’ and planning based on that.

If you are applying for B2B Sales: Any startup building an enterprise product will want to depend on the value provided by the product to do the selling. Hence a more sought-after skill/attitude in the sales team is identifying the right target market, reaching out to them using proven and innovative ways and making sure that the decision maker has seen the product demo.

How to get hired in a day?

Do a bit of research online to identify the decision-maker for you role and then just shoot an email with the following:

1. A few lines describing your skills and why you want to join the team.

2. Identify a challenge which the specific team might be facing, propose a solution in brief and show willingness to take the ownership of execution. If it is good, you can just walk in the next day and start working on it.

source :-techgig

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