Compliance

What is Compliance?

 

‘Compliance’ refers to the act of adhering to a set of well-defined protocols. In the field of HR, compliance is mostly concerned with conforming to a regulation prescribed by the company or by the law set by the court of law or any other regulatory body.

 

Compliance used to be a headache in the earlier days of HR when everything was done via paperwork. However, with the advent of modern technology, there is specific software available to help any company become compliant with the regulations.

 

In India, regulatory compliance can be imposed by the central administration, state administration as well as other local regulatory bodies. These regulations help organizations be transparent with their economics, public interest goals, environmental responsibilities, etc.

More HR Terms

Goldbricking

What is Goldbricking ?    ‘Goldbricking’ is the term that implies the practice of making something look valuable, while it is not. Concerning HR, it

Administrative Services Only

What is Administrative Services Only ?    ‘Administrative Services Only’ is the practice of hiring another company to provide administrative services for employee benefits while

Layoff

What is Layoff?   Layoff is a temporary or permanent termination of a job for one or more employees due to operational or financial reasons

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