The Indian government updates employment law regulations on a regular basis to facilitate compliance with Labour Laws and to benefit employees. Staying fully compliant is one of the most challenging things for any organization with such a huge workforce, as the nature of labour laws is ever-evolving. Every business needs to manage compliance, irrespective of the industry. Violation of compliance may result in prosecution, heavy penalties and fines, and in some cases, even imprisonment.
Organizations are largely dependent on internal HR teams to handle their compliances. It is not an ideal solution. A dedicated compliance consultant will help you stay updated in context to the changing landscape of compliance in India and help you align with the day to day compliance activities.
Are you a business owner wondering whether you should onboard a compliance consultant worth your time and money?
Lets have a look how Labour Law Consultant can help you:
1. Regulatory Compliance: A dedicated compliance consultant can help with the labour law compliance registrations and obtaining licenses, which is a time-consuming and a tedious process. Your compliance partner can get it done for you. Depending on the state laws and nature of your business there are a few details that will be needed from your end.
2. Payroll Compliance: Since the nature of Labour laws is ever evolving, keeping up with the real time updates will be challenging for your internal HR team. When it comes to payroll compliance, it is important to consider numerous elements / laws, such as adherence to minimum wages, provident Fund, ESIC, bonus, allowances, etc. Your Labour Law consultant will keep you updated about the latest changes in the law and will also help to know the impact of such amendments/changes.
3. Legal Expertise and Guidance: A Labour Law advisor can help you understand the different amendments/ notifications/ various labour law judgements in a simpler way. Apart from above, they can draft and validate various agreements from a legal perspective. They also help you to prepare for implementing Labour Codes.
4. Managing Legal Notices and Meetings: Managing legal notices / remarks and meeting authorities to resolve the same is a time-consuming affair. Very few business owners have the bandwidth to accommodate their time to iron out these issues. A dedicated consultant can take up the responsibility on the company’s behalf and thus let you focus more on your core business.
5. Vendor Compliance Audit: Being compliant is essential and verifying the same is equally important. Compliance consultants have an important roll to play in when comes to timely audits being done for you and your contractors, which will help you to understand the gaps and we shall also assist you on bridging the gaps thus making you 100% compliant. They aso help you in accessing whether your local vendors are compliant or not.
A compliance consultant can help you maintain end-to-end visibility in all compliance matters from any location, at any time, by storing data and making it available when needed.
Hence, to ensure a better future and unstoppable growth, you should consider partnering with Prompt Personnel.
