India HR & Payroll 2024: Essential Insights for Global Businesses Expanding into India

With a rapidly growing economy, a burgeoning startup ecosystem, and a youthful demographic, India offers immense potential for companies to access skilled professionals. However, attracting and retaining top talent is a multifaceted challenge and opportunity for businesses operating in the country. 

Navigating the Indian talent landscape requires an in-depth understanding market dynamics, legal frameworks, and cultural nuances.  For foreign employers key consideration for talent acquisition include leveraging in-demand skills, embracing remote work trends, and adopting strategic recruitment methods. Additionally, within India’s stringent regulatory landscape, it also becomes imperative to understand labor laws, including the Companies Act and the Industrial Disputes Act, to mitigate compliance risks and implement best practices, to foster a positive work environment and reputation in the Indian market. 

On June 25, Naina Bhardwaj, International Business Advisor, highlighted  the dynamic landscape of HR and payroll management in India and explored how organizations navigate the journey from recruitment to retention in the ever-evolving business environment of 2024.  

Naina shared key insights and strategies to: 

• Attracting and Retaining Top Talent in India
• Understanding the Regulatory Landscape for Hiring in India 
• Hiring without an Entity Using a PEO
• Best Practices for Building a Successful Localized HR Approach 
• 2024-2025 Recruitment and Compensation Trends & Forecast
• Leveraging Technology for HR Efficiency
• Cultural Nuances in Indian Workforce Management

If you would like to contact the speaker, or have any questions regarding this event, please contact Ashna Kohli, Jr. Associate - International Business Advisory, India at Ashna.kohli@dezshira.com  

This Event occurred on Tuesday, June 25, 2024. If you were unable to attend it, you can still benefit from these resources that will help you review or discover more: