Why Is Statutory Compliance Important In HR?

Published on: 21 July 2022 Last Updated on: 19 February 2025

In the Human Resources definition, Statutory Compliance is the legal structure which a company must comply with, with regard to the treatment of its employees.

Statutory compliance is relatable to the various types of labor and taxation laws prevalent in different countries.

It is important for a company to comply and keep up with these laws since they are very dynamic and can even change on a month-to-month basis. Thus, it can be highly beneficial to hire or consult with Global Compliance Expertise, especially if a company is multinational and has offices spread throughout various parts of the world.

The following are just a few reasons why statutory compliance is highly important.

Let’s have a look at what is statutory compliance.

What Is Statutory Compliance?

The word statutory compliance means this is related to the rules and the regulation status. Compliance means adherence. Statutory compliance means you are getting adherence along with the other rules and regulations.

Statutory compliance means the legal framework of an organization which is a great way to deal with its employees. In statutory compliance, the legal framework works associated with all types of corporate norms.

In this compliance, everything is included. For example, if any legal penalties and legal complaints are included, these are also applicable here.

1. Legal Penalties

Statutory compliance ensures that an organization can avoid any legal penalties, fines, lawsuits, or other such legal troubles. Being aware of and complying with regulations is the easiest way to ensure that the business faces no additional difficulties and is abiding by the laws.

Legal penalties are an important part of statutory compliance. The facts are every organization has some specific company norms and rules. And these legal penalties are making the business run in a better way. The employees and the employers are aware of the facts about what to do and what not to do.

Note: Potential lawsuits could be highly costly for the organization. Thus, it is best to ensure that such a situation does not occur in the first place.

2. Good PR

A company that fully complies with prerequisite regulations is a sign of responsibility and stability. As statutory compliance is related to an organization being able to follow the rules and laws of a country, it is important for the organization to show that it is authentic in its management and legal compliance.

PR compliance is making the company’s process smooth. And both the employee and the employers are aware of the facts about what types of relationships they have to maintain or which is going to be profitable for the company.

Note: An organization that fully follows statutory compliance will have good PR as a result. Organizations are only going to call good organizations if a good PR is applicable to the company policies. For these, the organizations are always concentrating on building better PR and simpler the whole employee and the employer relationships.

3. Employee Morale

Employee morale can be boosted by statutory compliance since compliance with the regulations means the company performs efficiently and with good intentions. This improves the morale of employees since there is goodwill being built.

It’s important for companies to build a good reputation, and one aspect of reputation comes in how well the company complies with laws regarding employment and the treatment of employees.

There is a long list of laws in statutory compliance, especially with regard to HR. For larger multinational companies, these laws can vary depending on geographical location.

Note: It can be overwhelming to stay on top of these trends, which is why it might be ideal to employ statutory compliance management.

4. Compliance Is Making Whole Business Process Smooth

Statutory compliance specialization is a key concept in business that allows organizations to be run more effectively. Therefore, it might be ideal for enabling such work with regard to compliance and complex facets of the law to be handled by an external organization that is experienced and has expertise.

OSHRS is one such organization offering various solutions and global compliance expertise for a myriad of countries, including Australia, China, India, Indonesia, Japan, Malaysia, the Philippines, Thailand, and more.

Note: Employing the services of an organization with expertise in statutory compliance in HR is highly beneficial for avoiding legal penalties, good PR, and boosting employee morale.

Wrapping Things Up:

Every company has its own statutory compliance. Based on corporate law and company policies, these compliance are applied.

These are the main benefits of having statutory compliance in the company. So what is your opinion? Do you think statutory compliance is developing a clearer relationship between employees and employers?

Then you can share your opinion through the comment sections.

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Why Your Business Needs Call Center Tracking

Customer service is the cornerstone of your business's success. It's also the key to keeping the customers you already have. In fact, companies with a thought-out customer service approach enjoy a 92% retention rate. If the bulk of your customer service efforts is in the hands of a call center, it's important you make this operation as efficient as possible. To do this, you need detailed information about what's going on behind the scenes. Utilizing call center tracking is the best way to get this data. Implementing call center tracking software will help show you where improvements need to be made. The result is a better customer experience. Monitoring your call center can help your business in a number of ways. Read on to learn more! 1. Understand Your Revenue and ROI: Knowing what products and services are driving revenue is important for any business. It allows you to make decisions about future products and improve ones that aren't doing so well. By tracking your call center, you know what customers are more excited about and what they find troublesome about your products. You'll be able to see the source of each call to get a better grasp on exactly where most of your profit is coming from. This data will also help you understand what your return on investment is for the marketing campaigns you're creating for each product. Where your calls are coming from clues you into which advertising channels are working. Tracking call center metrics makes all this very easy. Detailed reports from your tracking software will lay all this out in an easy-to-read manner. 2. Measure Adherence to Scheduling: A huge benefit of tracking your call center is a better understanding of the KPI (key performance indicator) of your customer service reps. This information will help you streamline your call center scheduling. You may be asking yourself how this works. Well, you can monitor inbound and outbound calls, the average length of calls, and the location of inbound callers. All this helps you improve in-house scheduling and reduce the chance of calls going unattended. You'll also be able to measure the productivity of each rep. You'll then know if your call center isn't robust enough and if certain employees are causing bottlenecks. All this information helps call center managers create a more well-oiled, effective operation. It also greatly helps with optimal shift scheduling so customers are more efficiently serviced. 3. Refine Marketing Strategies: Detailed call monitoring provides invaluable information about your customers you wouldn't otherwise have access to. Such information includes customer loyalty, purchasing trends, and who your potential customers are. Think of call center tracking as a way of becoming more familiar with your target audience. All this information allows you to make changes and strategize future marketing efforts. It can also give you some insight into which strategies you should do away with. Your marketing team can use this information to focus their efforts on the right channels. They'll also be able to better understand the strengths of your products and services and emphasize them in advertising campaigns. All this will have a positive effect on your overall revenue and help maximize your ROI. 4. Recording and Routing Calls: Call center tracking software provides the capability to record calls between your reps and customers. This feature can help in a number of ways. First, you'll be able to get a firsthand account of what problems customers are having with your products and services. You'll also be able to tell which products consumers like the best and what elements of your product are the most desirable. This data will allow you to refine your product and make more informed decisions on future designs. Recording calls will also help you determine which employees need further training and which have the potential for promotion. Tracking software will also help in figuring out kinks in your routing procedures. This is important, as misrouted customer service calls can lead to a loss of existing customers. 5. Improve Your Quality of Service: One of the biggest benefits of tracking calls is the effect it can have on the quality of customer service you're providing. You'll be able to pinpoint exactly where setbacks occur in your current operation and remediate them. Find out how easy it is for callers to reach a solution to their problems. If the process is difficult, you'll need to take means to streamline it. You can also see what the average wait time is for callers. If you notice customers abandoning the call because of long delays, you know you have a problem. This is where you can use caller id reputation to filter out the callers whom you must prioritize to make the most out of the conversion. Are you seeing missed calls or routing issues? You may need to beef up your staff or reposition certain employees. You may even find that a virtual receptionist service would benefit your operation. Whatever solution is right for you, call tracking services can expose areas that need improvement. 6. Cut Down on Employee Turnover: A high turnover rate causes a loss of time and money. When you track your call center, you're able to fully understand the skill level of each employee and the overall morale of your department. You can then make changes to your training protocol. It also provides an opportunity to appropriately place employees in roles more suited to their strengths. All of this makes for a much healthier work environment. It also creates a more rewarding experience for each employee. These things are key to keeping your turnover rates low. Boost Your Customer Service with Call Center Tracking: Knowing what's working and what's not is the first step in creating the best possible customer experience for your business. Implementing call center tracking can allow you to undercover information about your operation so you can make educated improvements. Call tracking software has come a long way and now offers many features that can help you streamline your customer service process. Look into implementing it for your call center and let your customer experience evolve. For more articles that will expand your knowledge in the business world, check out our blog. Read Also: Top 4 Creative Team Building Ideas For A Call Center Industry This 2016

Tips for Styling Straight Leg Jeans

The straight leg is a very in-style cut for your jeans. If you’re used to styling other types of cuts, such as skinny jeans, wide-leg pants, or bootcut jeans, it can be challenging to know the best way to wear straight leg jeans. This article will give you styling tips on how to put together the perfect straight-leg jeans outfits. The Best Ways to Style Straight-Leg Jeans: 1. Length Straight-leg jeans come in varying lengths that can work better for different people and different style choices. Full-length jeans were more popular for the straight-leg cut in the past. Nowadays, the trendiest looks incorporate slightly cropped straight-leg pants, which fall just above the ankle, at the narrowest point of the leg. This look is very in-style for both men and women and is a great pairing with larger professional loafers or a classic pair of black heels. Ankle-length straight-leg jeans offer a beautifully modern look appropriate for either a daytime or nighttime look. 2. Shoes It can be difficult to determine the best shoes to match with straight-leg jeans. Whether you decide on a full-length jean option or a cropped jean look, there are some key tips you can follow in choosing your shoes. Since jeans are such a versatile item, you can pair a wide variety of shoe colors and styles with them, from nice sneakers for a casual look to proper dress shoes for a more sophisticated look. Almost any variety of flats or shoes below ankle height will pair well with straight-leg jeans. When wearing short shoe varieties, a small portion of your ankle should be showing between the tops of your shoes and the hem of your jeans. On the other hand, if you need to wear taller shoes or boots during colder weather, you will need to be careful how they pair with your straight-leg jeans. You should make sure that whatever the length of your jeans, they cover the tops of your tall shoes by at least a couple of centimeters. This will keep your boots and straight-leg jeans combination from looking awkward. Style Your Own Straight Jeans Thinking about the length and fit of your jeans, as well as how you pair them with various footwear options, is the best way to start putting together excellent outfit combinations with straight-leg jeans. Make sure to pick a fit of jeans that allows you to have freedom of movement while wearing your new outfits. It is also important when picking out clothing that you are comfortable with the styles you wear. Make sure you pick clothes that you feel good wearing. And most importantly, don’t be afraid to have fun when styling your outfits. Style is a unique expression of personality, so get out there and let your creative juices flow. Additional Reading: All The Colors You Should Wear This Winter 5 Simple Tips for Men to Level up a Casual Look Best 15 Jackets for Men and Women in 2020

10 Waste Management Tips For Every Business

A lot of businesses are aware that they need to take care of their waste, but it can be difficult to get started. Here are 10 tips for managing your business' waste. 1. Start With A Strategy A strategy is a plan for the future. It's the process of defining what you want to achieve and how you'll go about it. For example, if your business is a retail store, you might want to increase sales by 10% over the next year. Then, you'd create an action plan that includes how many new products or services you'll offer and what marketing techniques will be used to attract more customers. You can't just decide on a goal without having some idea of how you're going to get there (and whether or not it's even feasible). When developing your waste management strategy, it's important to consider: Your budget and resources The current state of waste management at your company Potential opportunities and challenges 2. Educate Your Employees About Waste Management Make sure you dispose of your waste correctly. If you are unsure of how to do this, or if you want to find out which method is best for your business, speak with an expert on waste management services on how to; Educate your employees. Teach them how to recycle and dispose of waste properly. Make them aware of what not to put in the garbage, such as old batteries and electronics. 3. Reduce Paper Waste You already know how wasteful paper can be. Use it for something important and the rest of your documents can go the way of digital storage. If you have documents that need to be printed, switch to recycled paper to reduce costs and waste. Then, think about using email instead of printing out emails with attachments or sending faxes to clients. There are also more efficient ways to store your documents than storing them on paper—scanning important files into a cloud-based system is an excellent alternative that will cut down on clutter and save you money! 4. Do A Waste Audit A waste audit can be a great way to get your business on the right track when it comes to reducing and recycling. It's a simple process, but it must be done regularly. You will need to identify what types of waste are being generated by your business, how much of each type is being produced, and where they are going after they have been discarded. The goal should be to understand what types of materials are being thrown away so that you can work with employees or partners to find ways around them (or eliminate them). Outsourcing waste management services is also a great way to save time and money. You can outsource the waste management of your business to a professional company that has experience in this area, or you can hire a colleague who has experience with waste management and ask them if they are willing to help you out. 5. Compromise On Cleaning Products For Waste Management You will find that it is not necessary to use toxic chemicals and harsh cleaning products. Instead, you can opt for environmentally-friendly alternatives that are just as effective in maintaining the cleanliness of your business. For example, if you need a surface cleaner or disinfectant that will keep your office equipment free of germs and bacteria, look for an option that does not contain chlorine bleach (which has been linked to cancer and other health problems). Instead, choose something like "green" cleaners that have been specifically designed to be more environmentally friendly without sacrificing effectiveness. 6. Get Creative With Containers As you are trying to figure out how to dispose of your business’s waste, it is important to keep in mind that the most important thing is not what kind of container you use, but rather how easy it will be for your employees to carry around your business’s waste. If you have a lot of waste and it is going to be hard for employees to carry around containers full of garbage, then there are many more eco-friendly options available for businesses like yours than if there was just one kind of container at hand. Another thing worth considering when choosing which type of receptacle or bin will work best for storing all that trash is whether or not reusable materials would work better than disposable ones. For example: If possible (and legal), consider using traditional wooden crates instead of plastic ones because they are reusable and biodegradable! This can also help save money since these types 7. Rethink Your Water System In addition to recycling and reusing, you can also start thinking about your water system. The average American household uses 300 gallons of water per day. That’s a lot! Fortunately, there are several ways you can reduce your water use and help the environment in the process: More efficient use of fixtures. These include solid-surface counters, low-flow showerheads, and faucet aerators. Install rainwater harvesting systems on roofs of commercial buildings or at home (if possible). Rainwater is collected for future use as drinking water, lawn irrigation, or toilet flushing. Use greywater systems in homes where it is allowed by law; these systems recycle wastewater from sinks and showers for irrigation purposes. Get a meter installed on your building's existing plumbing system so you know how much water you're using on an ongoing basis. 8. Recycle Your Electronics Recycle your electronics. Electronic waste is a growing problem, and not only because it contains toxic materials that can harm our environment. The oil and other materials used to make electronic devices are becoming increasingly scarce, which means that recycling electronics is good for the planet. You should always recycle old cell phones or computers at an e-waste recycling center—if you throw them away, they could end up in landfills where they will take years to decompose and release harmful chemicals into the earth's soil and water supply. 9. Consider Food Waste Food waste is a major problem for all businesses, particularly the hospitality and food service industry. Estimates show that the average hotel loses 18% of its room nights due to guests not showing up; this means they're paying for rooms they aren't using—and that's on top of the cost of cleaning and preparing those rooms (which can range from $10–$100 per night). According to an expert in waste oil disposal in Liverpool, buffet restaurants often lose between 30% and 50% of their prepared food due to spoilage or over-ordering. Your company may also be losing money by taking care of its garbage cans improperly: if staff members don't line them with bags or otherwise protect them from water damage, you could end up having to buy new ones every few weeks at a cost that would add up quickly over time! 10. Beware Of Hazardous Waste Hazardous waste is a particular kind of waste that has special disposal requirements. It’s important to know what hazardous waste is and how to identify it because if you don’t dispose of your hazardous waste properly with toxic waste collection services, it can be costly and even dangerous for the environment. Hazardous wastes are those that meet any of these descriptions: Corrosives: substances that burn or destroy living tissue on contact with skin or eyes, like sulfuric acid (pH 1) and sodium hydroxide (pH 14) Ignitable: easily ignited by heat, flame, sparks, or another source at room temperature; includes liquids with flashpoints below 60° F/16° C and solids such as coal dust in air-contaminated dust with ignition temperatures below 130° F/54° C Conclusion - Waste Management Tips So, there you have it! A few simple steps can make a big difference to your business. We know that waste management is not always at the top of everyone’s priority list when they run their business, but it should be. The good news is that our tips will not only help with your waste but also save you money in other areas too! Read Also: Basic Small Business Tips for Noobs Who Want to Start a Venture How A Business Loan Helps Business People In 2023 How To Market A Small Business In A Big City

Why Is Statutory Compliance Important In HR?

What Is Statutory Compliance?

1. Legal Penalties

2. Good PR

3. Employee Morale

4. Compliance Is Making Whole Business Process Smooth

Wrapping Things Up:

How Customer Service Is Impacting Your Business In 2022!

6 Incredible Tips To Reach Your Small Business Customer

Content Rally

Content Rally wrapped around an online publication where you can publish your own intellectuals. It is a publishing platform designed to make great stories by content creators. This is your era, your place to be online. So come forward share your views, thoughts and ideas via Content Rally.

Leave a Reply

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Why Your Business Needs Call Center Tracking

Tips for Styling Straight Leg Jeans

10 Waste Management Tips For Every Business

Why Is Statutory Compliance Important In HR?

What Is Statutory Compliance?

1. Legal Penalties

2. Good PR

3. Employee Morale

4. Compliance Is Making Whole Business Process Smooth

Wrapping Things Up:

Share this Article

How Customer Service Is Impacting Your Business In 2022!

6 Incredible Tips To Reach Your Small Business Customer

Content Rally wrapped around an online publication where you can publish your own intellectuals. It is a publishing platform designed to make great stories by content creators. This is your era, your place to be online. So come forward share your views, thoughts and ideas via Content Rally.

Leave a Reply

All Comments

Popular

Follow Us

Recent

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