While running a business you might be very cautious of paying taxes, managing payrolls and record keeping but while focusing on these aspects some necessary processes might get un-noticed and labor compliance is one area that is mostly overlooked. And that’s where a labor audit comes in.
If you’re worried about what a labor audit is, whether you need it or not or how you can prepare for a labor audit, don’t worry you’re in the right place. At GFCS Nepal, we help businesses understand what it is to prepare for one and successfully complete a labor audit with full compliance. Let’s walk you through what a labor audit is and how to prepare for one in simple terms.
What is a labor Audit?
Labor audit is like a full review of employee practices, records, workplace and compliance in accordance with the Labor Act of Nepal. It’s like a health checkup as to how the company treats its employees.
It involves:
- Verifying employee contracts
- Reviewing payroll and salary records
- Reviewing leave and benefits policies
- Ensuring the workplace is safe for the workers
- Checking social security contributions
It’s all about whether or not your company follows the labor laws and whether the rights of the employees are violated or not.
Why Is Labor Audit Important in Nepal?
In Nepal Labor laws are getting stricter hugely increasing the focus on formal employment, employee rights and workplace safety. Here’s why labor laws matter:
- Ensures legal compliance
- Helps avoid fines and penalties
- Builds trust among employees
- Boots your business reputation
For growing companies in cities like Kathmandu, Pokhara etc staying compliant is a must as the laws have gotten stricter.
What Does a Labor Audit Cover?
Let’s see what actually happens in a labor audit:
1. Employee contracts and appointment letter
Make sure while hiring new employees you are preparing an appointment and contract letter to stay compliant with the laws.
2. Payroll and salary records
We verify whether you are providing the basic salary to your employees or not and whether the deductions are carried out properly or not.
3. Attendance and Leave Management
Labor audits look into how well you manage public holidays, leave throughout the year, sick leave and maternity and paternity leave.
4. Workplace health and safety
You must be providing a safe workplace for the employees. They should have a safe working experience. There should be availability of first aid kits and emergency plans especially for factory and field jobs
5. Staff benefits and welfare
We check whether your employees are provided with services like provident fund, insurance, and other facilities.
How GFCS Nepal can help with Labor Audit
At GFCS Nepal we understand that you as business owners might not have sufficient time to stay compliant with the changing laws. So, we provide complete assistance regarding labor audits that’s simple, affordable and tailored for your business.
Here’s a list of our services:
- A detailed labor compliance report
- Review of employment contract
- Payroll and social security fund compliance
- Leave and attendance monitoring system setup
- Health and safety guidance
- Audit reports and suggestions to improve
- Support during government labor inspection
We don’t just find out your problem, we help to fix them for you.
Benefits of labor audit for your business
If you’re still thinking whether it’s worth it or not, here are some benefits of doing labor audit:
- Avoid legal issues
- Better employment satisfaction
- Builds a professional image
- Easy to fix issues before something happens
Final thoughts
Whether you want to prepare for an official labor audit or just want to make sure your HR practices are up to date, labor audit is a smart move.
At GFCS Nepal, we believe labor audits must be done for every business irrespective of the scale of the business so that you can operate legally and stay compliant with the laws. We are here to support you in every step on the way to a labor audit so that you can stay hassle free and enjoy your time staying in compliance with the laws.
Contact Us:
We are here to make your time very efficient. We will provide suggestions and offer experienced professionals that will carry out labor audits smoothly . We are going to help in every step of setting up a business and make the process of running a business as smooth as possible so that your ideas don’t go in vain. If you have queries or need any kind of help or consultation we are always at your service and our team is always eager to work and coordinate with you to make your work easier. For someone who needs our assistance you can contact us through
Phone: 9802360825
Email: [email protected]
Website:https://gfcsnepal.com/
Location: https://g.co/kgs/J6pufPG
You can also reach us through social media, we have our services available on facebook, Instagram and twitter. You can leave in a msg or a call and our team of experts will reach you as soon as possible. We look forward to working with you and helping you with the process of labor audit.