Importance of labour compliance

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What is Labour Compliance Software?

The companies in India must carry out statutory compliance under various Labour Laws. The range of labour compliance is not restricted to filing returns and maintaining statutory deposits and records by means of the company. For any legal trial, these records shall be produced as evidence under various statues. Also, if the business or company in any case fails to make the industrial law compliance, there are strict penalties specified by the law.

Indian Labour Law contains various acts consisting of every possible aspect for the protection of labour rights. The application of the law relies on the type of firm. Also, there are many laws which are applicable to employer as well as employee respectively. Below mentioned are the few points which indicate why labour compliance is important:

· It improves the relation between the employer and employees thereby minimising the industrial disputes.

· It is in the interest of the workers to prevent them from exploitation by their employees and management.

· It helps workers in getting fair wages.

· Reduction of conflicts and strikes etc.

· Promotes healthy environment conditions in the industrial system.

· Provides compensation to workers, who are victims of accidents.

Compliance technology significantly enhances your overall compliance program which has a tangible impact on the business’ position in the external marketplace. One of the core goals of a Labour Compliance Automation Software is to ensure that employees understand company policies and how they can directly and positively impact compliance issues and outcomes. Through technology, businesses can more fully educate employees, as well as review and communicate key indicators such as comprehension and participation levels. This comprehensive approach benefits the compliance program and the company in the long term

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