Labour Law Compliance Audit

Benefits of Labour Law Compliance Audit –

• Audit eliminates the penalties, damages, interests, compensation that can be imposed by the Government to the establishment.
• It ensures timely payment of wages, statutory contributions.
• Labour Audit will ensure compliance of historical defaults committed by the organization under various labour laws.
• It improves the confidence and social security of the employees.
• It helps in maintaining harmony between employers and employees.
• The positive outcome of the audit enhances the reputation of the employer in the industry.
• It reduces the burden of the Government because audit will be conducted by professional Labour Law Auditor/Consultant
• It ensures higher productivity and lower absenteeism.
• It helps in preventing lockout, retrenchment, strikes etc.
• Co-operation and good understanding improves labour relations and this is indispensable for the good corporate governance.
• Confidence in the company’s labour law compliance status and level.
• Effective Vendor Management and control.
• Improvement of overall compliance methodology.
• Improving customer confidence due to elevated levels of legal compliance.
• Eliminate the risk wherever possible in the areas of legal obligations.