HR services include intense administrative tasks which are unavoidable in nature. Every organization, irrespective of its size needs to function under the labour laws which are frequently amended. Companies need to keep a track of any changes in statutory laws to avoid legal troubles since even a minor negligence or error can initiate strict action and cause damage to the business’s reputation.
These central, state and district labour laws help businesses to provide a secure environment to their employees, in addition to protecting the companies from unforeseen turbulences.
Below are the details of regulatory, statutory and compliance HR services handled by Thumb360.
Alignment of Policies
We align the company’s HR policies in accordance with the legislations like Labour Laws, POSH act, Contract Labour Act, Trade Union Act, The Maternity Benefit Act and other employment laws. These policies are designed in compliance with the central and state guidelines to ensure that the company operates under the Government framework.
This includes the policies related to The Employees’ Compensation Act, The Payment of Wages Act, The Employees’ State Insurance Act(ESI), The Employees’ Provident Funds and Miscellaneous Provisions Act, The Payment of Bonus Act, The Payment of Gratuity Act. In a nutshell, Thumb360 takes care of compensation, EPF, ESIC, LWF, TDS, Professional Tax, minimum wages, bonus, gratuity and NPS for the employees of client businesses.
Compliance audits are the assessment of policies, processes and documents to verify that the organisation is functioning under the legislative structure. Thumb360 conducts these audits for its clients so that the required amendments are made in time.