Showing posts with label Law Firm in India. Show all posts
Showing posts with label Law Firm in India. Show all posts

Employment law - Employment Policy Design.

Employment / HR policies provide written guidance for employees and managers on handling various employment issues. They are important in practically and effectively implementing an organization’s HR strategy. Human resources policies provide the necessary structure many businesses need to sustain the company’s productivity and overall profitability. Our HR policy design services are responsible for reviewing existing policies, identifying gap areas, and designing policies, programs, and initiatives aligned to HR strategy, the Company’s Values, Vision, Business requirements, and law of land.

We design policies for the complete life cycle of employees in an organization. Covering areas from Talent Acquisition, Talent Management, Total Rewards, and Wellness. (Employee Benefits & Compensation Structuring, Employee Stock Options & Share Plans), Employee Relations, Talent Development, Health and Safety, Administration, Diversity and Inclusion, Code of Conduct, Employee Participation, Employee Separation policies (including VRS), Communication policies including social media, etc.

This includes the following Stages :

  • HR Policy Current Stage Audit
  • Risk and Gap Identification
  • Identify Policies required based on business requirements and the law of the land.
  • Advisory on identified policies
  • Provide Required Support w.r.t Industry Insights (without client details) and Best Practices
  • Drafting, Implementation, Rollout, and Communication plan support.

Startup and Labour Laws in India

Startup and Labour Laws in India  

When you are established as a company, you are subject to several labour laws regardless of the size of the organization. Adhering to labour laws is integral to every organization, small or big.
Laws with regard to minimum wages, gratuity, PF payment, weekly holidays, maternity benefits, sexual harassment, and payment of bonuses among others will need to be complied with.
With regards to labour laws, startups registered under the Startup India initiative can complete a self-declaration (for nine labour laws) within one year from the date of incorporation in order and get an exemption from labour inspection. 

The nine labour laws applicable under this scheme are:

The Industrial Disputes Act, of 1947
The Trade Unit Act, of 1926
Building and Other Constructions Workers’ (Regulation of Employment and Conditions of Service) Act, 1996
The Industrial Employment (Standing Orders) Act, 1946
The Inter-State Migrant Workmen (Regulation of Employment and Conditions of Service) Act, 1979
The Payment of Gratuity Act, 1972
The Contract Labour (Regulation and Abolition) Act, 1970
The Employees’ Provident Funds and Miscellaneous Provisions Act, 1952
The Employees’ State Insurance Act, 1948.

Startups under this scheme will have to file a self-certified return for the second and third years in order to continue with the exemption. Having a well-designed employee policy can be a major differentiator for startups. An attractive employee policy is a key to attracting and retaining good talent. Employee policies can also prove to be the starting point for boosting employee morale and increasing productivity.

                                                                                                                                                                                                   

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