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 organisation. He or
5 comments
Read more

How Can a Labour Law Consultant Help You in Delhi?

R egardless of your business size, you will need labour law consulting. As a business owner, you will be required to use your business's human sources most efficiently so that your business runs smoothly. That is where labour law consulting becomes important. You can make key decisions in crucial business areas such as book-keeping and payroll management. Whatever field you operate in, it is important to have a clear concept of the provisions and implications of different labour laws. If you require expert advice in any labour or labour-related queries, you must approach a top labour law consultant in Delhi who has years of experience in this field. Why Has Labour Law Consulting Become More Important in the Current Business World? The global economy has been affected significantly in the last two years. Businesses are now assessing their conventional service strategies to sustain amid such tough situations. Because the markets have transformed, shifts have been witnessed in almost
Post a Comment
Read more

Making Payroll Management Efficient, Cost-Effective and Compliant

Payroll Outsourcing Services For most of the business enterprises, payroll processing is an expensive as well as time consuming task. The Payroll Outsourcing Services provide the companies the best payroll solution thereby ensuring accuracy and making the process cost-effective. The service company assures full compliance of the client’s needs, streamlines the entire process and ensures execution of payroll in a consistent manner. They manage all the tasks related to payrolls such as tax proof, expenses, leave and absence, employee self service, client self service, query, submission of returns, reports and analytics. Those who undertake the task of payroll processing are required to be updated with the changing regulations and perform their tasks accordingly. The outsourcing services ensure support right from the date of joining of the employee till his date of exit. They ensure timely payroll processing at reduced cost and ensure prompt delivery of bank advice statements and M
Post a Comment
Read more