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Ensuring that organisations adhere to the applicable statutory laws/ regulations and avoid unforeseen breaches&consequential prosecutions/liabilities under them such asPayment of Wages, Minimum Wages, Working Conditions, Maternity Leave, Overtime Pay, ,Gratuity, PF/ESI and so on.
A reliable and genuine compliance safety net for your organisation
- a. Any kind of breach/non-compliance of applicable laws as well as non-adherence to company’s systems & policies can be detrimental to an organisation. Accordingly, there should be in place a structured process that defines individual and group behaviour to ensure the organisation’s rules and policies are being followed. During the onboarding of an employee, they should necessarily be briefed in detail about the applicable laws, policies, practices and penalties for non-adherence thereto. Most organisations merely get a written policy document signed by the employees without making them appreciate, understand and realise the consequences/implications of non-adherence thereto. This lackadaisical approach cannot ensure effective implementation of the organisation’s policies/practices/procedures
How implementing HR Regulatory Compliances can benefit your organisation
- Enhances Company’s Value and Consumer Perception
- External positive reputation and profitability can boost employee morale
- Business reputation in a market establishes trust among customers and the existing market
- Employee trust is enhanced and sustained when the organisation adheres to the labour law compliance
- Growth of Consumer Trust over a period of time, driving corporate profitability
- Global corporates give importance to compliance, increasing company shares
- In adhering to the law and regulations, a company can avoid legal issues
What we offer
We at Link HR Solutions ensure that compliance/policies are well defined and followed properly, with periodic and stringent audits. Internal audits can help reveal any financial and reputational risks. These audits can be incorporated with a pan-organisational tool/platform for compliance management. Effective handling of these practices will remove legal liabilities.