This question pops up more and more as our economy gets bigger and more avenues for the rise of new startups, business expansions, merger acquisition and especially when we talk of collaborations or to expand our business.
The government comes out with new laws and regulations and there are frequent changes to compliances that all businesses are expected to follow. For a successful running of an organization it is important for us to be fully compliant on these laws or regulations. In case of a merger or selling off of a business, buyers and investors would also be looking into the fact on whether the company is following government laws and policies.
Let’s guide you and your organization to start the journey of being compliant on various labour laws.
What is HR Compliance?
This is a well-defined process set to design policies and follow Labour Laws within the company. Taking care of payroll, leave and other important aspects of Human Resources life cycle in a company. The employees need to be taken care of and employee need to make sure that they are also following the policies set for them in order to run the business effectively.
Our tips for you.
Let’s first educate ourselves. Understand the laws, regulations and amendment set by the Government for compliances to be followed by both small and large enterprises. It’s always important to be updated of recent changes in laws and regulations.
Next… not a bad Idea to onboard an expert in this field who can give you the right advice. This advisor will help to set up policies and processes for your organization in-line with the relevant laws applicable to your organization.
Now that you have done your research and with the help of your advisor who has helped you to create the processes and policies, it’s important to create an employee manual. The manual will be referred to as and when policies are set at all levels and can serve as a check list.
Yes, we can’t just create policies and norms and set a guide. We need to train the people so that they are following the policies and regulations created for them and smooth running of the organization.