The backbone of any organization is its employees. It becomes the responsibility of the organization to ensure that the rights, interests, and welfare of its employees are taken care of, thus ensuring labour compliance. The COVID-19 pandemic saw an unprecedented rise in contract workers across multiple sectors. According to a report titled ‘Decoding by Jobs-2021’,…
Despite prevailing pandemic conditions, the Indian automobile industry in 2021 will soon see some positive growth in the coming years. A report by McKinsey has stated that the sector is expected to generate 65 million jobs by the year 2026. The automobile sector is an intense and challenging one. The quality of its output depends…
Staying compliant during a pandemic can be a daunting task for organizations and even more so for managers. They have to handle logistics and other business activities remotely and continue to stay compliant with their practices and ethics during this difficult time. Handling statutory compliance is something organizations will have to deal with even during stressful…
Small businesses in India have a multitude of challenges to overcome. Given the current pandemic scenario in the nation, it becomes that much more complicated to handle employees and stays compliant. Handling statutory Compliance for an organization and its employees can become a challenge for any small business owner. However, while setting up a small business,…
Business compliance is all about how a company obeys all the essential laws and regulations. It refers to how a company manages its business and its staff and how it treats the consumers. HR compliance is adhering to the working standards set by governmental agencies and other authorities. Labour Law compliance is a crucial factor…
Compliance is a safety net for any organization. The practice of adhering to rules and regulations, and standards that have been set forth by governing bodies is called compliance. Staying compliant with standards and codes however is no easy task. It is an ongoing continuous process that has to be constantly revisited and reassessed periodically.…
Starting a business can be challenging and intimidating for new investors and heads. Ensuring that all mechanisms are in place by the time work gets underway is an essential task that upper management must take care of. In order to ensure that a business runs smoothly, statutory compliance and other tasks must be fulfilled. Structuring a…
In today’s business world of cut throat competition, it is very required from the corporates that they follow certain principles that will help them to mitigate the compliance risks. Compliance is defined as the outcome for adhering to the Government rules. Compliance Risk can involve legal and financial consequences for failing to act according to…
Statutory compliance refers to an organization’s adherence to laws passed by a local, state, or central government. The practices taken up by employees to adhere to these regulations and codes and the management of those practices by higher-ups is called statutory compliance management. Most organizations avoid compliance failure by investing in statutory compliance services, third-party concerns…
After a break in business activities due to Covid -19, the businesses are finally trying to get back on their feet. In the changed situation, there has been a lot of paradigm shift in the way to do business. HR Compliance services play a major role in most businesses’ success, especially so for the SMEs. The…
