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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!

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