What is Recruitment Process Outsourcing? RPO stands for Recruitment Process outsourcing. It refers to a business practice where an organization outsources some or all its recruitment processes to an external service provider. RPO providers handle tasks such as finding candidates, reviewing resumes, conducting interviews, and making job offers. They collaborate closely with clients to grasp…
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What is compliance audit? A compliance audit is a systematic review conducted to assess whether an organization is adhering to relevant laws, regulations, internal policies, and industry standards. The primary objective of a compliance audit is to ensure that the organization’s operations are in line with legal requirements and ethical standards, thereby mitigating risks associated…
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What is Statutory compliance in HR? Statutory compliance in HR refers to the adherence and fulfilment of legal requirements, rules, and regulations established by statutes in the context of managing employees within an organization. It encompasses the obligation of organizations to comply with labour laws established by both the central and state governments in India.…
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Statutory compliance in HR helps a company to manage a demanding regulatory environment and avoid non-compliance risks. All the labor and taxation laws of India come under statutory compliance. HR statutory compliance is crucial for any organization to ensure they follow all legal requirements related to employment laws and regulations. Failure to comply with these regulations…
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Full and Final Settlement, popularly known as FnF Settlement, happens when an employee decides to leave, resigns from an organization, or is terminated by the employer. The significance of the settlement policy is to pay all the balance payments to the employees including retirement benefits, bonuses, gratuity, incentives, etc. Significant components of FnF: Unpaid Salary…
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