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What Does Statutory Compliance Means

What Does Statutory Compliance Means

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Statutory means “of or related to statutes”, or what we otherwise call laws and regulations. Compliance means to comply with or adhere to. The term Statutory Compliance is most often used with organizations that are required to follow a lot of regulations.
The purpose is to safeguard the employees and the enterprise from risks by the management on issues such as retirement benefits and taxation.

In HR, statutory compliance refers to the legal framework within which organizations must operate, in the management of their employees.
There are a number of federal and state labor laws that companies need to Every country has several hundreds of federal and state labor laws that companies need to affiliate with. A lot of a company’s effort and money

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