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Statutory Compliance

Statutory Compliance Management systems to deal with this complex legal frame works, laws and regulations. In today’s fiercely competitive business scenarios it is challenging for companies to manage statutory compliances without good payroll management software. Statutory compliance, in HR, refers to the legal framework within which organizations must operate, in the treatment of their employees. Every country has several hundreds of federal and state labour laws that companies need to align with. This list is forever being added to. A lot of your company’s effort and money goes into ensuring compliance to these laws which could deal with a range of issues; from the payment of minimum wages to maternity benefits or professional taxes.it is very challenging for employers to manage statutory compliances