What is HR Compliance?
‘HR Compliance’ refers to the fact that HR policies and processes are developed keeping in mind the local laws and regulations concerning employment. It is one of the most important parts of developing HR policies as it involves legal formalities.
All kinds of companies and organizations are required to adhere to the statutory regulations related to employment and along with time, the complexity of the same is increasing due to the increase in the number of laws.
As the HR is tasked with the creation of HR policies and employment structures in an organization, it is imperative that they follow the guidelines set by the federal authorities. Failing to adhere to these laws might result in heavy penalties and even loss of business license in rare cases. Hence, HR compliance is something which all the major companies are concerned with and are actively incorporating in their company policies and processes.