It is well-known that the entire payroll process is error-prone and expensive. To achieve a flawless payroll, most business enterprises have to spend hefty sums of money and precious time. Employees are invaluable assets for an organization. It is needless to say that compliance management and accuracy in the payroll process are two very crucial…
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The government of India has created a legal framework in the form of statutory compliance requirements. All business organizations having employees must operate within this framework to ensure the welfare of employees and a fair working atmosphere. Companies failing to adhere to such compliance standards and needs will face legal liability and other consequences. Labor…
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Before venturing into a new business in India, it is essential that you diligently follow the necessary steps to get your organization properly registered according to governmental regulations and legal requirements. One of the first steps toward establishing your new enterprises is meeting all legal and industry compliance needs. Meeting shop & establishment compliance and other company…
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Introduction: It is a universally known fact that the pandemic has touched the lives of almost everyone in the contemporary world. With time, the impact of COVID-19 on individuals, businesses, and global markets has been growing and becoming clearer. Compliance Management is one of the myriad realms that have felt the pinch. Subjecting companies and business enterprises…
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Introduction Business owners involved with any commercial establishments such as shops, restaurants, recreation facilities, and hotels, among others, need to register mandatorily and apply for a shop and establishment license. Falling under the department of labor and controlled by the state government, the shops and establishments Act applies to all premises where services are offered…
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The backbone of any organization is its employees. It becomes the responsibility of the organization to ensure that the rights, interests, and welfare of its employees are taken care of, thus ensuring labour compliance. The COVID-19 pandemic saw an unprecedented rise in contract workers across multiple sectors. According to a report titled ‘Decoding by Jobs-2021’,…
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Despite prevailing pandemic conditions, the Indian automobile industry in 2021 will soon see some positive growth in the coming years. A report by McKinsey has stated that the sector is expected to generate 65 million jobs by the year 2026. The automobile sector is an intense and challenging one. The quality of its output depends…
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Small businesses in India have a multitude of challenges to overcome. Given the current pandemic scenario in the nation, it becomes that much more complicated to handle employees and stays compliant. Handling statutory Compliance for an organization and its employees can become a challenge for any small business owner. However, while setting up a small business,…
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Business compliance is all about how a company obeys all the essential laws and regulations. It refers to how a company manages its business and its staff and how it treats the consumers. HR compliance is adhering to the working standards set by governmental agencies and other authorities. Labour Law compliance is a crucial factor…
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Compliance is a safety net for any organization. The practice of adhering to rules and regulations, and standards that have been set forth by governing bodies is called compliance. Staying compliant with standards and codes however is no easy task. It is an ongoing continuous process that has to be constantly revisited and reassessed periodically.…
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