The government of India has taken numerous regulatory, administrative, and e-governance measures in labour laws to generate jobs and ensure that business operations are easier.
What is Labour Law?
The body of law devoted to ensuring workers’ rights in India is known as labour law. It controls employers, staff, and labour unions by various compliances to protect employees’ and workers’ rights and interests. Compliance with Indian labour laws is a top priority for any company with a presence in India.
Understanding better:
As the COVID-19 Pandemic has affected the Indian economy to a large extent, among other things, the situation of employees and labourers has been hazardous. With many losing their jobs, stuck in the chains of exploitation and suffering from considerable pay cuts in compromising today’s situations, the Labour laws help protect the dignity of an employee. For instance, If a company needs to lay off employees, it must give them enough notice and, in some cases, severance pay. Employees then would be liable to take any legal action with the appropriate authority if their employers are not in compliance.
Labour Law Compliance Audit
Auditing assists in detecting non-compliance with applicable labour and employment laws and taking corrective steps to prevent disciplinary action by authorities against the company and its management. A Labour Law audit is a detailed examination of a company’s practises and procedures to avoid legal action.
Though a Labour Law Audit is not needed, it is strongly advised because it aids in detecting non-compliance with relevant labour and employment laws as well as the implementation of appropriate protection. This helps in minimizing legal action by regulators against the company and its management.
Benefits of Labour Law Audit
Labour Law audit provides benefits to both the employee and the employer, they are: Labour Law audit provides benefits to both the employee and the employer, they are: For the Employee-
● Workers’/employees’ welfare and security benefits will be improved.
● It guarantees that the employees’ salaries, gratuities, bonuses, overtime, and compensation are paid on time.
● Employee morale is boosted as a result.
For the Employer-For the Employer-
● It contributes to an increase in productivity. Profits will rise as productivity rises.
● It also aids in the prevention of employee strikes, lockouts, and other labour disputes.
● Co-operation and empathy strengthen the relationship between the employer and the employee, which would benefit the company in the long run.
Since employment laws are so expansive and complex, no company can afford to take the risk of non-compliance in today’s world. To avoid the adverse effects of non-compliance, businesses should hire labour law and labour law audit experts to handle their compliance issues. EZ HR Consultant is a consulting agency that works closely with its clients, informing employee policy that will reduce any business risks falling into the legalities of non-compliance. To know more, visit https://www.ezhrconsultants.com/labour-law-consultancy.html.
