+ Govt Fee (Depends on the state)
Audit helps to detect non-compliance of labour and employment laws applicable to a business and take corrective measures to avoid any legal action by the regulators against the business and its management. Labour Law audit is a thorough check of the company’s policies and procedures to prevent prosecutions.
What are the benefits of an labour audit to employer?
It will secure timely payment of wages, gratuity, bonus, overtime, and compensation etc. of the workers. Also, timely payment of entitlements will reduce absenteeism in the organisation. Thus, it will inculcate on workers a sense of belongingness towards their employer.
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