Compliance management is a critical component of the internal control process for any business and a prerequisite for assessing corporate governance standards. Effective compliance management enhances an organization’s brand and reputation by helping it to avoid the adverse affects of non-compliance such as: litigation, fines, prosecution, bad PR, and the risks, costs, liability, and damage to brand reputation, typically associated with non-compliance. We possess the necessary expertise to advise, administer and handle compliances services for organization belonging to various industries.
POSH is another area which companies need to make sure is implemented and followed for the safety women in workplaces.
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Health and Safety
The Maternity Benefit Act-1961
Sexual Harassment of Women at Workplace (Prevention, Prohibition & Redressal) ACT, 2013
The Professional Tax Act (PT) 1975
Shops and Commercial Establishments Act (S&E)
The Employees State Insurance Corporation Act – 1948 (ESIC)
FREQUENTLY ASKED QUESTIONS
What is Compliance Management?
Compliance management is the process of ensuring that an organization adheres to all relevant laws, regulations, and standards that apply to its business. This can involve identifying and evaluating compliance risks, implementing policies and procedures to mitigate those risks, and monitoring and reviewing the organization’s compliance activities on an ongoing basis.
What is the value of Compliance Management?
How can InsourceIndia implement compliance measures for your offshore-team?
- Developing policies and procedures that ensure compliance with these laws and regulations. This may include policies related to working hours, pay and benefits, and workplace safety.
- Providing training to the offshore team on these policies and procedures, as well as any relevant laws and regulations.
- Establishing a system for monitoring compliance and identifying any potential issues. This may include conducting audits or conducting regular check-ins with team members.
- Responding promptly to any compliance issues that are identified and taking appropriate action to address them.
- It is important for a PEO to stay up to date on changes to laws and regulations, as well as to regularly review and update its compliance policies and procedures as needed. By taking these steps, a PEO can help ensure that its offshore team is in compliance with all applicable laws and regulations.