Navigating Start-Up Life: What Are Your Biggest Challenges and Priorities?

I am working in a Start-Up Organization. I would like to get inputs from you on what areas of concern or priority I should concentrate on. Therefore, I would like to know, "What are the Major Challenges Faced in Start-Up Organizations?"

Hi Prachi,

The areas of concern you may select now would be:

1. Check whether you have crossed the strength above 20; if so, it is required to register your organization with PF and ESI Acts.
2. Registration with PT Act.
3. Preparation of Monthly Information System related to Manpower.
4. Preparation of Leave Policy.
5. Standard Salary structure preparation.
6. Personal dossier of every employee with a Xerox copy of all details.
7. Some motivational activities, like Birthday celebrations, incentive rules, and others.
8. Attendance Management.
9. Payroll preparation and maintenance of all leaves.
10. Registration completion if required.

I hope these ideas are sufficient to move forward for a newly set-up organization, and as you progress, you will develop more ideas.

Wishing you all the best.

Regards,
Amit Seth.

Hi,

Ensure that your income tax is taken care of; otherwise, there may be a heavy deduction at the end of the year, sometimes without prior intimation.

Regards,
Suba