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Labour Law Compliance Review & Risk Management

Compliance with Labour and Industrial Laws has gathered enormous momentum in the last few years. Especially compliance with respect to employees employed through Contractors and off-roll employees is getting more challenging because the Law recognizes principal employer as the one who is responsible in case the contractor fails to comply. This area has assumed significant importance from the risk management perspective considering the legal implications and reputational risks attached with non-compliance. Moreover, "Labour Laws" is a very specialized area, requiring additional managerial attention over and above the routine internal audit function.

RSM Astute is equipped to review the Labour Laws compliances in organizations in order to provide greater assurance to the management and the HR function that risks associated with non compliance of these laws are prevented or mitigated properly. We have dedicated team of professionals with background and domain knowledge of the Labour and Industrial Laws. Additionally, our expertise in Internal Audit and Risk Management services across diverse industries gives us a unique perspective to provide Labour Laws Compliance Review service.

What We Do

  • Assuring proper compliances with various Labour Laws including Contract Labour compliances
  • In-depth checking of bills submitted by Contractor Agencies with respect to employees employed through contractors / off-roll employees to evaluate adherence with terms of contract, submission of necessary evidences as proof of payment, billing as per agreed rates to ensure there is no under / over recovery.
  • Verification of payroll sheets submitted by the Vendors to ensure correct calculation of salary payable and statutory deductions in line with applicable Central and State Government laws.
  • Verification of challans / returns / records to ensure proper compliance.
  • Due diligence review for the appointment of Contractor Agency to ensure that the Agency meets the desired compliance requirements.

Advantage RSM Astute

  • Wide exposure across various industry and service sectors
  • Dedicated team of multi-disciplinary professionals viz. Chartered Accountants, Company Secretaries, Law Graduates, MBAs, etc.
  • Usage of well researched dynamic checklists with periodical updates
  • Emphasis on ensuring compliance in a dynamically evolving business environment
  • Pan-India presence to meet the client’s multi-locational requirement
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RSM Astute Consulting Group is a member of the RSM network. Each member of the RSM network is an independent accounting and advisory firm each of which practices in its own right. The RSM network is not itself a separate legal entity of any description in any jurisdiction. The RSM network is administered by RSM International Limited, a company registered in England and Wales (company number 4040598) whose registered office is at 11 Old Jewry, London EC2R 8DU. The brand and trademark RSM and other intellectual property rights used by members of the network are owned by RSM International Association, an association governed by article 60 et seq of the Civil Code of Switzerland whose seat is in Zug. © RSM International Association, 2013.
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