Statutory compliance checklist for manufacturing companies One can argue that the manufacturing industry is at the heart of all industry. Statutory compliance in the manufacturing companies is crucial to the safety of its workers, the quality of the products and services delivered and to the reputation of the company itself. The Government cares for employee welfare…
Read article
In India, all business functions, including payroll, are governed by a set of guidelines collectively referred to as statutory compliance. Any business actively engaged in payroll operations is likely familiar with this term. Ensuring payroll compliance involves substantial resources, energy, and time, often requiring thorough audits to avoid legal issues. Businesses frequently worry about the…
Read article
Navigating the intricate landscape of HR compliance in India is crucial for every organization. Ensuring adherence to labour laws, workplace safety regulations, and fair employment practices is not only a legal requirement but also essential for fostering a positive work environment. Definition of HR compliance HR compliance involves adhering to laws, regulations, and company policies…
Read article
Running a successful business involves several critical considerations, and maintaining legal compliance should be at the top of your priority list. Legal compliance in India entails a significant amount of paperwork and procedures, making it essential to have a dedicated compliance team within your business to handle this function effectively. Adhering to laws, regulations,…
Read article
What is Contract labor act (CLRA)? In India, the Ministry of Labour and Employment oversees the formulation and enforcement of labour rights laws. Its primary role is safeguarding workers’ interests, enforcing employee-friendly regulations, and ensuring industry compliance nationwide. These laws establish a framework for various labour-related matters such as minimum wage, occupational safety, accident and…
Read article
Recruitment Process Outsourcing (RPO) has emerged as a transformative solution in the realm of staffing and human resources management. In today’s competitive business landscape, organizations are increasingly turning to RPO providers to streamline their hiring processes, enhance candidate quality, and reduce recruitment costs. By outsourcing all or part of their recruitment functions to specialized RPO…
Read article
What is an Executive search firm? An Executive search firm, also known as an executive recruitment firm or headhunting firm, plays a crucial role in the talent acquisition process for organizations seeking top-level executives. These firms specialize in identifying, attracting, and hiring candidates for senior-level positions, acting as a type of staffing agency with a…
Read article
What is Contingent staffing? Contingent staffing refers to the practice of hiring temporary workers or contract employees on an as-needed basis, rather than employing them full-time as permanent workers. Contingent workers and contractors are essentially the same; both are brought in to fulfil specific roles or complete projects for a predetermined period, without the long-term…
Read article
What is payroll processing? Payroll processing encompasses the complete sequence of steps necessary to calculate each employee’s total remuneration. This process typically includes three to four stages and involves tasks such as defining salary structures, gathering employee data, accounting for components like deductions and allowances, and setting up necessary policies related to taxes and other…
Read article
Vendor compliance refers to the adherence of a supplier or vendor to the terms, conditions, and standards set forth by a buying organization. Essentially, it’s about ensuring that the products or services provided by a vendor meet the specified requirements, such as quality standards, delivery timelines, and any other contractual obligations. This helps maintain consistency,…
Read article
