Labour Laws in India are hard to understand and comply with, especially when it is not your niche expertise or operational area. Companies often struggle at the time of compliance audits. It is so because the rules change rapidly, and the audit checklist is quite exhaustive. There are over 100 state laws and 40 central laws that are presently part of the labour law list. Labour law compliance audits help to see if all the required labour laws are being followed and all the compliance is done as required.
Let us look at what exactly is labour law compliance audit and why it should be a factor of concern for companies.
An audit is all about unravelling the policies of the company. It is to make sure that all the labour laws are being followed thoroughly. Audits can help in finding current loopholes in the process and organization. Internal and external audits both are necessary to skip any possible error or miss. These kinds of audits can help organizations in taking timely corrective measures.
Below is the process of labour law audit and the required parameters for it:
An extensive report is thus prepared based on the findings and investigation. These reports find the risks and areas that fall under the non-compliance zone. Further on, a variety of corrective measures are taken.
Labour audits define the corporate culture of an organization. Companies are now becoming more employee-centric, leading to good relationships and bonding. Labour audits offer a variety of benefits to both employees and employers.
The labour law compliance audits are multi-layered. These audits can be done internally or can be delegated to external auditing firms. Labour audits consist of many challenges which need a keen understanding and resources, to overcome them. Here are a few challenges that are often faced at times of audits:
To deal with these challenges, an automated process is required. Companies can maintain all details in a dashboard, with handy reports and repositories, along with timely reminders. In short, organizations need a system that helps them in maintaining the labour law compliance, to skip the rush hour at the time of audits.
Labour law compliance is not as easy as it seems. With many reports, repositories, and calculations required, it can become a daunting task. We at Coreintegra provide end-to -end service that helps you with a variety of aspects of labour law compliance. We systemize your process with ease and no hassle. Get in touch with our team to know more about the process.