Statutory Compliance is the adherence by employers to laws and regulations, such as labor standards and tax requirements, to avoid penalties and ensure fair practices.
- What is statutory compliance?
Answer: It is adhering to laws and regulations in employment. - What are examples?
Answer: Examples include minimum wage and OSHA rules. - Why is it important?
Answer: It prevents legal issues and protects employees. - What are the challenges?
Answer: Challenges include complex regulations and updates. - How does HR ensure it?
Answer: HR monitors laws and implements policies.
