4 Risks That Small Businesses Face When They Terminate Employees

4 Risks That Small Businesses Face When They Terminate Employees

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There could be a wide range of factors that can force a business to terminate employees. A layoff could be a result of disciplinary action, poor employee performance, managing operating cost and low demand situation. But termination of permanent employees can pose lot of negative consequences for the organizations, especially if it is a small company. Today Ms Kanika Kohli, Vice President of Northern India’s number one manpower outsourcing company Trendsetters Facilities & Technical Services (TFTS, shares five vital risks that small companies in India can face when they terminate permanent employees. 1. Being sued by the employee Labour law is complex in India and if legal matters are not handled properly (or even if handled) properly during the termination process. Companies are always at risk of being sued by…
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Political & Business Daily Newspaper Reports TFTS Achiving the Prestigious MSE4 Rating By NSIC-CRISIL

Political & Business Daily Newspaper Reports TFTS Achiving the Prestigious MSE4 Rating By NSIC-CRISIL

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Leading newspaper Indian political and business daily newspaper, Political & Business Daily Newspaper reports TFTS getting the “MSE 4” rating from NSIC-CRISIL for its High-Performance Capability & Above Average Financial Strength. CRISIL evaluates the degree of capability and stability of the finances generated by TFTS. The stability of cash flow is dependent on the capability of the business and the quality of the management of the business. While many factors feed into this rating, the company's strong capabilities to generate stable finances definitely helps achieve the high CRISIL rating.
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How to Select the Best Manpower Outsourcing Company for Your Manufacturing Unit?

How to Select the Best Manpower Outsourcing Company for Your Manufacturing Unit?

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For several reasons, including cost savings, enhance production levels, getting external experts who can share burden & responsibility for accounting and law regarding labour, fulfill manpower needs - Indian middle and big size manufacturing and service provider companies outsource their manpower needs. On the other hand, the success of the decision to outsource company’s manpower depends to a large extent on identifying the right outsourcing solutions for the business or in other words selecting the right manpower outsourcer or HR contractor that suits your business needs. So how will you select the right manpower outsourcing company for your organization? Ms. Kanika Kohli, Vice President of Trendsetters Facilities & Technical Services (TFTS), largest outsourcers of specialized manpower and licensed labour to northern India says important tips on how to select the…
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What are the Unseen Advantages of Licensed Labour Outsourcing Services in India?

What are the Unseen Advantages of Licensed Labour Outsourcing Services in India?

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We know that companies that outsource its labour demands are able to save both money and time. Outsourcing worker costs less as compare to organizing in-house hiring process PLUS it saves managerial hours that would otherwise be required for recruiting and training the on roll workers. But that’s not all says Ms. Kanika Kohli, VP, Trendsetters Facilities & Technical Services (TFTS), largest outsourcers of specialised manpower and licensed labour to northern Indian manufacturing units. Ms. Kohli says that some of the biggest advantages that companies can avail when they outsource their licensed labour demands are: Fewer disputes: Outsourced workers are generally not unionised, hence, industrial disputes are minimal. Better productivity: Contract employees cannot compromise on productivity, quality, and good behaviour since continuance of their services depend upon these factors. Lower…
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How To Avoid Labour Unrest?

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For the past few months, Uttarakhand’s Pantnagar industrial zone in Udham Singh Nagar district has been witnessing major labour unrest that has halted manufacturing units of many. Companies like Mahindra, Delta, Pricol, Parle and several other companies are badly hit by labour unrest in the area. Labour unrest is a highly unfortunate incidence it not only halts company’s immediate production line but impacts its long term profitability and in some cases even jeopardize the business survivability. Now the question is how to avoid labour unrest in the first place? According to Ms. Kanika Kohli, VP, Trendsetters Facilities & Technical Services (TFTS), largest outsourcers of specialised manpower and licensed labour to northern Indian manufacturing units, says, “labour unrest can happen due to many reasons but the most common reasons are political influence on trade unions…
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