Minimum Wages and HR Compliance for Tiny Companies: What Should I Know?

goutom
Minimum Wages and HR Compliance for Small Companies

Private limited company with fewer than 5 employees. Are minimum wages applicable? Also, what about ESI and PF?

Please let me know what things I should take care of in terms of HR.
Bhartiya Akhil
Applicable Labor Laws for Small Private Limited Companies

It seems you have taken charge of HR in a private limited company with fewer than 5 employees and you want to know which labor laws are applicable to you. As a beginner, here are the labor laws applicable to you:

1. Shops & Establishment Act
2. Payment of Wages Act
3. Minimum Wage Act
4. Labor Welfare Act (Refer to your State Law)
5. Professional Tax

Required Registers and Notices

You need to maintain the following registers and notices:

1. Muster roll
2. Wage register
3. Salary slips
4. Leave Book/Card
5. Notice of working hours, weekly offs, rates of minimum wages, date of payment, person responsible for payment of wages, etc.
6. ID card for all employees

Employee Personal Files

You need to maintain personal files of the employees with their basic details such as employment form with proof, photo, appointment letter, etc. Read and understand the above applicable laws with rules that apply to your State. Additionally, familiarize yourself with the Industrial Dispute Act.

Understanding Additional Labor Laws

PF and ESI Act are not applicable to you right now. However, you still need to read and understand all labor laws. Understand the features of all labor enactments. Acquire basic knowledge of HR functioning.

You have not mentioned your qualifications. Add professional qualifications to your profile.
Bashir Makaniya
Yes, you need to maintain personal files of the employees with their basic details such as medical records, attendance records, payroll (PF, ESI, etc.), employment form with proof, photo, appointment letter, etc.
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