1 / 7

Which HR Challenges Are Solved Through Proper Statutory Compliance

Keeping up with laws and regulations isnu2019t just paperworku2014itu2019s survival for businesses. Without proper statutory compliance in HR, companies face penalties, employee disputes, and reputational risks.

Paysquare1
Download Presentation

Which HR Challenges Are Solved Through Proper Statutory Compliance

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. WHICH HR CHALLENGES ARE SOLVED THROUGH PROPER STATUTORY COMPLIANCE? paysquare.com Page 01

  2. INTRODUCTION Keeping up with laws and regulations isn’t just paperwork—it’s survival for businesses. Without proper statutory compliance in HR, companies face penalties, employee disputes, and reputational risks. But what specific HR challenges does it actually solve? Let’s break it down. Page 02

  3. PAYROLL ERRORS AND DELAYED SALARIES One of the biggest pain points for HR teams is getting payroll right. Even a small mistake in tax deductions, PF contributions, or gratuity can lead to employee dissatisfaction and legal trouble. With statutory compliance in HR, payroll is aligned with legal frameworks, ensuring: • Accurate tax calculations • Timely deposits to PF/ESI • Transparent salary slips employees can trust • When compliance is handled properly, employees get paid correctly and on time, and HR avoids unnecessary disputes. Page 03

  4. EMPLOYEE SAFETY AND BENEFITS COMPLIANCE Ever wondered why businesses get fined even when they provide benefits? It usually happens when they don’t match government standards. Proper compliance ensures: • Workers are covered under social security schemes • Health and safety standards are maintained • Benefits like maternity leave and gratuity are granted legally • In short, HR teams can focus on employee engagement instead of firefighting compliance issues. Page 04

  5. LEGAL RISKS AND AUDITS • Labor inspectors and audits can be stressful if records aren’t in place. Missing registers, unfiled returns, or incorrect documentation can trigger penalties. • Following statutory compliance in HR solves this by maintaining: • Updated employee records • Accurate filing of statutory returns • Audit-ready documentation at all times • This creates peace of mind for management while protecting the company’s reputation. Page 05

  6. CONCLUSION: THE ROLE OF OUTSOURCING • While compliance is crucial, managing it in-house can drain time and resources. That’s where statutory compliance outsourcing comes in. Companies like Paysquare help businesses: • Stay up to date with ever-changing labor laws • Reduce risk of penalties • Free up HR teams for strategic work • If HR compliance feels overwhelming, outsourcing to experts like Paysquare ensures smooth operations and complete peace of mind. • Takeaway: Proper compliance isn’t just ticking boxes—it’s protecting your people and your business. Page 06

  7. THANK YOU FOR YOUR NICE ATTENTION paysquare.com Page 07

More Related