Understanding Statutory Compliance in HR: What It Means and Its Link to Labor Law and PF

Dear All,

Can anyone explain to me what statutory compliance is? Is it related to labor law? How and where can this term be used in the HR world? What is the relationship between PF and statutory compliance?

Thank you.

Dear Friend,

The meaning of statutory compliance is to comply as per the law, and it includes compliance under labor laws, taxation laws, commercial laws, etc. Labor law pertains to the field of HR as it is related to human resources. The PF is one of the statutes (laws) that need to be complied with.

Regards

Dear,

Please go through the following legislations:

The Contract Labor (Regulation & Abolishment) Act, 1970 and Rules, 1971
- Registration of establishment and mandatory licensing of contractors employing equal to or more than 20 workmen at any time of the year

The Factories Act, 1948
- Health, Safety, and Welfare of workers including contract workers

Regards,

Pradeep

Dear,

Statutory compliance refers to labor laws, encompassing various acts and rules. In order to operate an organization, there must be rules and regulations that the company needs to adhere to.

I have attached the statutory compliance rules of my organization. I hope this will be helpful for you.

Regards,
Bharti