The Importance of Statutory Compliance in HR in India — A guide by Aparajitha

 

Statutory compliance in HR refers to the legal obligations that organizations must fulfill concerning their employees, encompassing various labor laws and regulations.

  • It ensures fair treatment of employees, compliance with minimum wage laws, and adherence to regulations like the Payment of Bonus Act and Tax Deduction at Source (TDS)
  • Non-compliance can lead to penalties, legal liabilities, loss of reputation, and financial consequences for organizations
  • Key areas include employment contracts, minimum wages, provident fund, and employee state insurance
  • Compliance helps mitigate risks, ensures organizational integrity, and fosters a secure work environment for employees.

Enquire with us to understand what are the consequences of non-compliance with HR statutory regulations, and how we can help your business in overcoming them!

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