It is one of the key responsibilities in the operation of any business to oversee statutory compliance in Human Resource management especially in countries like India that have stringent laws governing organizations. Legal requirement means the legal requirements that organizations have to follow in handling their workers. Failure to adhere to these laws results in legal consequences as well as fines, sometimes severe enough to cripple a company’s reputation. Hence, it is crucial for organizations to use the best benchmarks in the management of statutory compliance to ensure that their HR operations run efficiently.
