Importance of HR Statutory Compliance in India — A Guide to HR Compliance

 

At the centre of any organisation are the human resources (HR) function. The HR department focuses on identifying, hiring, and retaining people with the right skill sets and qualities to execute the organisation’s strategy and achieve its goals. Given the importance of HR compliance in India, it is an important player in the organisation’s compliance structure.

Organisations are governed by numerous laws and regulations spanning employment relationships. HR compliance becomes one of the most important aspects of an organisation where compliance control and compliance management are an absolute necessity. HR Compliance breaches can become costly regarding money, reputation, and more.

To start with compliance management in HR practices — there are fair labour regulations in every country, state, and sector that offer mandatory regulations and guidelines on minimum wages, working conditions, leave policies, maternity leave, employee rights, overtime pay, allowances, gratuity, etc.

Keep reading to know more…

Comments

Post a Comment

Popular posts from this blog

HR Compliance: Why it's Important and How to Ensure Your Business is Protected

Image
  As an HR professional or business owner, it's crucial to understand the importance of HR compliance . HR compliance refers to the legal and regulatory framework that governs employment practices and ensures that businesses are following applicable laws and regulations. Failure to comply with HR laws and regulations can result in hefty fines, legal liabilities, and damage to your business's reputation. One of the most significant benefits of HR compliance is that it helps to create a fair and ethical workplace for employees. By following HR laws and regulations, businesses can ensure that their employees are being treated fairly and equitably, which can lead to increased employee morale, productivity, and retention rates. To ensure your business is HR compliant, it's essential to stay up-to-date with the latest HR laws and regulations. This includes laws related to minimum wage, overtime, discrimination, harassment, and workplace safety, among others. You should also have ...
Read more

Unlock the Power of Flexi Staffing Services for Your Business - Aparajitha

Image
  Are you struggling with managing fluctuating staffing needs? Look no further! Our flexi staffing services provide the ultimate solution to your workforce challenges. With our innovative and adaptable approach, we offer flexible staffing solutions that can boost your business performance to new heights.   At our company, we understand that every business has unique staffing requirements. That's why we offer a diverse range of LSI (Latent Semantic Indexing) keyword-driven staffing services that cater to your specific needs. Our expert team of professionals ensures that you get the right talent at the right time, keeping your business operations running smoothly.   Our  flexi staffing services  include:   Temporary Staffing: Need extra hands for a short-term project or to cover employee leaves? Our temporary staffing services provide you with skilled professionals who can seamlessly integrate into your team and deliver outstanding results.   Contract St...
Read more

The Importance of ESG — Transition to Green Economy

Image
  The global economy is moving towards a green revolution, and India is no exception. The transition to a green economy is becoming more critical than ever before as the world is facing unprecedented environmental challenges. In this context,  Environmental, Social, and Governance (ESG)  considerations are gaining more attention, as they provide a framework for assessing and improving sustainability practices. ESG is a set of criteria that investors and companies use to evaluate the environmental, social, and governance impact of their investments or operations. Companies that score well on ESG metrics are more likely to attract investors, retain talent, and maintain a good reputation. By integrating ESG considerations into their operations, companies can improve their sustainability practices, reduce environmental impact, and increase their resilience to environmental risks. ESG can also help companies to identify new business opportunities and enhance their reputation, ...
Read more