Statutory compliance in HR refers to the legal framework which organizations must abide by with respect to the treatment of their employees. Most of the company’s time and money goes into ensuring compliance to these laws. Everything to being compliant to the payment of minimum wages to provident fund, ESI or maternity benefits needs not just whole lot of time but also experts who can guide on all of these statutory compliance measures.
Therefore, dealing with statutory compliance requires for companies to be well-versed with the various labour regulations in India.