FAQs on new Labour Codes — Simpliance

 


Find the answers for Frequently Asked Questions (FAQs) about the  and their implementation from our experts!

Comments

Post a Comment

Popular posts from this blog

What is the benefit of provident fund?

Image
  The employees covered under the various schemes of the Act are entitled for the following benefits Employees can take advances or make withdrawals*. PF amount of a deceased member is payable to the nominees or legal heirs. The employer not only contributes towards the PF but also makes the necessary contributions towards the employee’s pension which can be used by the employee post-retirement Under the EDLI Scheme employees are properly insured in order to avail the lump sum benefit at the time of death while in service. EEE (Exempt, Exempt, Exempt) tax benefit under the Income Tax Act enables tax-free returns for the employees. Employees receive special benefits in the form of added income to their savings in the form of interest. PF account can be transferrable if any member changes employment from one establishment to another where such Provident Fund scheme is applicable. Read more about the benefits of  Provident Fund
Read more

A quick Guide to Compliance Management System

Image
  In today’s regulatory landscape, a  Compliance Management System (CMS)  is a vital tool for organizations to efficiently manage and monitor their adherence to legal and regulatory requirements. As businesses face increasingly complex regulations, the need for an effective compliance management system becomes more critical than ever. Traditional methods of compliance tracking, such as manual processes and spreadsheets, are becoming obsolete. These outdated approaches often lead to inefficiencies, increased risks, and potential non-compliance. In contrast, modern  compliance management systems  utilize automation and digitalization to streamline compliance processes, improving both accuracy and responsiveness to regulatory changes. A cloud-based compliance management system centralizes compliance efforts, automates routine tasks, and provides real-time insights into an organization’s compliance status. This proactive approach not only minimizes compliance risks ...
Read more