•Able to guide to employees and their dependents better
•Able to handle grievances better
•Able to prepare better policies
•Helps in developing a problem-solving attitude
•Gives people awareness of rules and procedures
Statutory means “related to statutes,” which is Rules and Regulations. Compliance stands for adherence. Thus Statutory compliance means “To Follow the rules and regulations.” Statutory compliance is a legal framework under which the Company must function all its duties.
Without having much knowledge about this, would be really very difficult for HR to frame policies, guiding employees and employers about rights & limitations on their roles.Enroll Now