Statutory compliance in HR is all about sticking to rules and regulations set forth by the central government to ensure fair treatment of employees and maintain legal standards within an organization.
It comes with various laws and regulations under the sleeve, such as the Payment of Bonus Act, Payment of Wages Act, Payment of Gratuity Act, Minimum Wages Act, Employees State Insurance Act, Equal Remuneration Act, Maternity Benefit Act, Provident Fund Act, and more. An organization should consider these rules and work accordingly.