Statutory Compliance
Our Featured Partner
Statutory Compliance
Let us bring your compliance on track and keep it that way HR & Statutory Compliance Services in India
The landscape of labour laws is constantly evolving, and it takes a special agility to keep abreast of all the latest developments and ensure statutory and HR compliance. At NVR HR Consultancy, we offer HR compliance services for companies to stay up to date with the legal framework.
It is absolutely imperative to ensure compliance with all legal and statutory norms for businesses, to operate successfully in India. This often involves significant investment of company resources, time, and continuous monitoring to be in the know of all the changes that are happening, in order to be compliant and avoid penalties.
With the government regularly changing the laws pertaining to employees and employment, it becomes a challenge for small and mid-sized companies to ensure compliance with the legal framework. What these organizations need is reliable HR compliance services from a company that is experienced in the industry.
What is Statutory Compliance in HR?
Executive search firm with industry-oriented solutions
A pre-defined legal framework according to which an organization has to function is called statutory compliance. Statutory compliance in an organization is mandatory as it ensures fair treatment of employees, in adherence to the various central and state labour laws.
It also helps maintain clarity of rules and regulations to fall back on, saving the organization from legal actions and penalties, and creating a safe and trustworthy work environment. To manage the demanding regulatory environment, companies must be well-versed and take notice of all rules and regulations of labour laws.
Looking for A Trusted Talent Partner?
Acquire and manage top tier talent with our full service talent solutions tailormade for your unique industry requirements.
Executive Search Team Structure
Benefits of Outsourcing HR Compliance Services
- Sound corporate governance
- An increase in focus on strategic business areas
- A reduction in the labour overheads
- Timely compliance and adherence to all laws
- Avoidance of all litigation and associated costs
- Complete and accurate maintenance of all records
Our Scope of Work
- Compliance services in HR
- Audit of labour law compliance
- License application/amendment/renewal
- Maintenance of statutory registers, records, notices and returns.
- Liaison with Factories, Labour, ESI and PF authorities
- Remittance of statutory payments
FAQ's
HR Statutory compliance is typically a pre-defined legal framework that any organization must function within. It involves adhering to certain rules and regulations that are given by the state and central labour laws.
When choosing an executive search firm:
HR compliance revolves around matters related to employees, that includes when and how to pay for overtime work, processing benefits, maintaining employee documentation, separation policies, and hiring procedures.
The role of an HR compliance manager is to make sure that the firm follows legal norms and in-house guidelines. They also enforce regulations in all aspects, at all levels, and are responsible for delivering support on all compliance issues.
Statutory compliance is required for both employees and organizations. For employees, to make sure employees are treated fairly in their work environment in terms of getting paid. For organizations, to prevent legal issues, as well as avoid penalties and other legal implications.
There is a complex web of laws in India that is applicable in various sectors. Some of the rules and regulations which is mandatory to be compliant with are- 1. Income tax Act 2. Companies Act 3. Service Tax 4. PF and ESIC Each of these acts has different divisions and categorizations concerning certain criteria.
Our Value Proposition
1.labour law compliance: 100% assistance is provided while authorities perform a complete check of the organization’s procedures and policies to avoid prosecution.
2. penalties avoidance: We ensure that you follow the essential norms to avoid penalties, license confiscation, and fines for your business.
3. Professional tax management: From verifying slab rates, and checking criteria to remittances, we take care of it all.
4. ESIC management: All aspects related to ESIC including validation, computation, eligibility, remittance and processing of ESIC claims managed by NVR HR Consultancy.
5. PAN India presence: We have offices all over India, and our HR and candidate network is one of the best in the world.
6. Superior IT system: The presence of a high capability data software system ensures top-of-the-class accuracy and security of data.