Labour Law Compliance Review & Risk Management
Compliance with Labour and Industrial Laws has gathered enormous momentum in the
last few years. Especially compliance with respect to employees employed through
Contractors and off-roll employees is getting more challenging because the Law recognizes
principal employer as the one who is responsible in case the contractor fails to
comply. This area has assumed significant importance from the risk management perspective
considering the legal implications and reputational risks attached with non-compliance.
Moreover, "Labour Laws" is a very specialized area, requiring additional managerial
attention over and above the routine internal audit function.
RSM Astute is equipped to review the Labour Laws compliances in organizations in
order to provide greater assurance to the management and the HR function that risks
associated with non compliance of these laws are prevented or mitigated properly.
We have dedicated team of professionals with background and domain knowledge of
the Labour and Industrial Laws. Additionally, our expertise in Internal Audit and
Risk Management services across diverse industries gives us a unique perspective
to provide Labour Laws Compliance Review service.
What We Do
- Assuring proper compliances with various Labour Laws including Contract Labour compliances
- In-depth checking of bills submitted by Contractor Agencies with respect to employees
employed through contractors / off-roll employees to evaluate adherence with terms
of contract, submission of necessary evidences as proof of payment, billing as per
agreed rates to ensure there is no under / over recovery.
- Verification of payroll sheets submitted by the Vendors to ensure correct calculation
of salary payable and statutory deductions in line with applicable Central and State
Government laws.
- Verification of challans / returns / records to ensure proper compliance.
- Due diligence review for the appointment of Contractor Agency to ensure that the
Agency meets the desired compliance requirements.
Advantage RSM Astute
- Wide exposure across various industry and service sectors
- Dedicated team of multi-disciplinary professionals viz. Chartered Accountants, Company
Secretaries, Law Graduates, MBAs, etc.
- Usage of well researched dynamic checklists with periodical updates
- Emphasis on ensuring compliance in a dynamically evolving business environment
- Pan-India presence to meet the client’s multi-locational requirement