Penal actions and financial losses to the organization
The word statutory means 'of statutes or those related to the, rules and regulations. Compliance means consistency. Statutory compliance thus means compliance with rules and regulations. HR regulatory enforcement applies to the legal structure that should be adhered to by an agency when dealing with its employees.
Every nation has its own collection of state and central labor laws to comply with by the businesses. Dealing with regulatory enforcement requires that businesses be updated on all of their country's labor regulations. Companies are often expected to adhere to these. Failure to comply with these regulations will trigger a company several legal issues, such as penalties and fines.
Penal actions and financial losses to the organization
Loss of Reputation & Business Integrity
Customer loyalty will be impacted
Shields the organization from fines
Protects the organization from unreasonable wage
Prevents legal troubles
Fair treatment of Employees
Fair Payment to Employees
Fair working hours for Employees
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