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LexLLC

Labour Law Compliance Review is a critical process that helps organizations assess their adherence to relevant labour and industrial laws. Let’s explore this topic further:

  1. What Is Labour Law Compliance Review?
    • A labour law compliance review involves a thorough examination of an organization’s practices, policies, and records to ensure compliance with applicable labour laws.
    • The goal is to assess the degree of compliance or non-compliance and identify areas for improvement.

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Key Aspects of Labour Law Compliance Review

Scope: 

    • The review covers various aspects, including employment contracts, wages, working hours, safety regulations, social security, and employee benefits.

Risk Mitigation: 

    • By identifying gaps in compliance, organizations can take corrective actions to prevent legal repercussions.

Contractor and Off-Roll Employee Compliance: 

    • Compliance with respect to employees employed through contractors and off-roll employees is particularly challenging.
    • The law recognizes the principal employer’s responsibility if the contractor fails to comply.

Areas of Focus: 

    • Verification of payroll sheets, bills submitted by contractor agencies, and adherence to terms of contracts.
    • Ensuring proper compliance through records, challans, and returns.

How Can Experts Help?

Professional Assessment: 

    • Dedicated teams of professionals with expertise in labour and industrial laws conduct the review.

In-Depth Checks: 

    • Reviewing bills, payroll sheets, and evidence of payment ensures accuracy.

Risk Mitigation: 

    • Experts provide assurance to management and HR functions that risks associated with non-compliance are properly addressed.

Dynamic Checklists: 

    • Well-researched checklists with periodic updates are used to ensure compliance in a dynamic business environment.

Advantages of Labour Law Compliance Review:

  • Risk Prevention: Mitigates legal and reputational risks.
  • Multi-Disciplinary Approach: Teams include professionals like Chartered Accountants, Company Secretaries, Law Graduates, and MBAs.
  • Pan-India Presence: Firms like RSM India offer services across locations.
  • Global Network: RSM is part of a global audit, tax, and consulting network.