HR statutory compliance refers to the legal requirements that companies must follow in relation to their employees. These requirements can vary depending on the country and industry in which the company operates, but they may include things like minimum wage laws, work hours and overtime regulations, and health and safety standards.
It is the responsibility of the HR department to ensure that the company is in compliance with all relevant laws and regulations. This may involve keeping track of changes in the law, providing training to employees and managers on compliance issues, and taking steps to ensure that the company’s policies and practices are in line with legal requirements.
Failure to comply with HR statutory requirements can result in fines, legal action, and damage to the company’s reputation. Therefore, it is important for HR professionals to stay up-to-date on the legal requirements that apply to their company and to take steps to ensure that the company is in compliance.