Statutory Compliance
Each company spends a lot of money, effort and time in India to ensure payroll is compliant through a proper audit. To ensure legal issues are not faced, related to compliance such as aggressive employees, demands of unreasonable wage, and demands from trade unions, it is necessary to have proper is complaint through a proper audit. Company might face legal troubles, even if it does not have any intention to break laws. This is protected with Statutory Compliance which helps the companies to avoid the risk of non-compliance.
Risks of Statutory Non-Compliances
Statutory compliance in HR helps a company to manage a demanding regulatory environment and avoid non-compliance risks.
