Skip to main content

Did You Know About These Advantages Of Labour Law Audit?

Do you need to hire a labour law consultant in Delhi? Unsure about what they do? Labour law consultants deal with labour laws and compliance audits. If the subject of labour law audit is unfamiliar to you, delve in for a quick read!

Labour Laws in India: What is that?

Even if you are unaware, the term "labour law" gives away its meaning anyway. Labour Laws were introduced to protect the rights of the working class and maintain equality. Below are certain common labour laws that were implemented to eliminate unfair work practices, maintain rights and avoid discrimination.

•       Employee's Compensation Act 1923

•       Employees State Insurance Act 1948

•       Minimum Wages Act 1948

•       Working Journalists Act 1958

•       Maternity Benefits Act 1961

•       Contract Labour Act 1970

•       Building and Other Construction Workers Act 1996

•       The Sexual Harassment at the Workplace Act 2013

Labour Law Audit: What is the need?

Labour law audit means detecting non-compliance of labour and employment laws in a business environment. It rigorously checks for legal misconduct in a company's policies and regulations. Labour law audit is basically conducted to figure out potential grey areas and correct them before a prosecution, or a lawsuit comes flying their way. The compliance checks may vary from one company to another depending on circumstances.

Benefits of labour law audit for labourers/workers

•       Raises social security standards

•       Ensures timely payment and incentives

•       Limits cases of employee absenteeism 

•       Enhances work environment acceptance and loyalty

Benefits of labour audit for a business organization

•       Eliminates embarrassment, lawsuits, penalties and fines

•       Greater profits due to less absenteeism and higher productivity

•       A rise in social status

•       Greater transparency due to improved corporate relations

Benefits of labour law audit for the government

•       Saves time and effort because there are reduced inspection assignments for government staff.

•       Revenue increases as a result of filing fees for compliance report under the labour law legislation.

•       A considerable rise in India's reputation before the International Labour Organization due to minimal labour law non-compliance issues.

Labour law consultants are a massive help to businesses in preventing substantial financial or reputational damage. Often, such losses result from negligence, unawareness, or lack of compliance in an organization's policies and working methods. If your business requires a legal inspection to determine potential non-compliant cases, get a hold of one fast!

Labels:

Comments

Post a Comment

Popular posts from this blog

Top Human Resource Consulting Firms in India

While the task of having your own HR department can be daunting, you can always find the solace in hiring an HR consulting firm to help your company achieve its business objectives hassle-freely.   Human resource consulting firms   in India are known for their exceptionally talented HR managers who work hard to understand your company’s culture, its values, vision and norms and likewise develop plans to create a balance between your organizational objectives and individual career aspirations.  EZ HR Consultants has been working with recruitment process outsourcing companies in various fields for more than 10 years. They provide 360 degrees recruitment services to companies looking for the same. The core areas of EZ HR Consultants include staffing, manpower planning, training and development, HR policies framing and implementation, industrial relations, and compensation. Your HR manager needs to find the right candidates for various vacancies within your organi...
5 comments
Read more

Importance of Providing Total Employee Compensation Reviews

Some vital questions related to the workplace are - Do your employees understand their total compensation package? Do you think you need to speak with your employees about the compensation they are drawing? If your answer is yes, you should get in touch with EZ HR Consultants, a leading HR consultant firm in India to bridge this gap between the management and the staff. The firm provides an all-inclusive solution for total employee compensation review. You must remember, by total compensation, we don’t mean just the salary you receive every month. It is more than that and includes all forms of money, benefits, services, and other “perks” you are eligible for as an employee of the organization. Total employee compensation can be defined as the resources available to employees from the company to attract, motivate and retain employees at all levels. EZ HR Consultants aims to educate all your employees about the incentives and benefits you provide to all your employees annually. ...
Post a Comment
Read more

Significant Features of Best Payroll Providers in India

If you are searching for the best payroll service providers in India then you have landed in correct place.   We provide excellent service in payroll management that keeps you hassle free.   We remove all the burdens of conventional way of screwing with your books, ledgers, pay slips and tax returns and provide all the benefits when you hire our services.   You must know that employers are often penalized for their payroll errors which are an unpleasant situation to handle.   Why one should hire experienced and best payroll service providers in India ?   This is one of the major questions when people hire various experts from HRD.   The answer is not as simple as the question appears to be.   Some of the benefits of hiring experts and professionals in this field are explained below which enough to know the significance of service providers.  ·          At the least, when you hire experts and pr...
2 comments
Read more