VENDOR COMPLIANCE SERVICES
Our Vendor Compliance Services help organisations comply with labour laws and regulations and avoid steep fines, reputational damage, and operational disruptions.
WHO NEEDS VENDOR COMPLIANCE SERVICES?
Vendor Compliance Services are essential for any small and large businesses across various industries, such as manufacturing, construction, IT, healthcare, and hospitality. These services are particularly critical for companies that operate with strict labour laws and regulations related to contract workers.
AVI Business Solutions Vendor Compliance Services are crafted for all stakeholders, i.e., the principal employer, the contract workforce, and the contractor.
POSSIBLE CONSEQUENCES OF VENDOR NON-COMPLIANCE
- Absorption of the contract labourers
- Payment of arrears of contribution with interest
- Fine/Imprisonment
- Prosecution of the employer or board of directors
WHAT WE DO
- Ensure Vendor Compliance in Factories, Establishments, and Project Sites
- Offer customized service models for each category of establishments
- Regulate entry – exit of contract labourers for compliance purposes
- Amendment of Principal Employer Registration Certificates
- Preparation of Statutory Registers for each contractor
- Submission of Statutory Returns for each contractor
- Ensure EPF/ESI compliance for the contractors
- Coordination support for availing benefits from ESI & EPT
- Coordination with the authorities for inspections and notices
- Ensure CLRA (Contract Labour Regulation and Abolition Act) compliance in factories, establishments, and project sites
- Maintenance of records, registers, forms & notices under various legislations
- Ensure minimum wages and timely remittance of ESI, EPF, and LWF payments
- Ensure compliance under BOCW Act and ISMA Act
- Extend accident-related compliance for contract workers
- Retirement or terminal benefit for contract workers
- Tech enablement of vendor compliance tasks with robust automation tools
WHY DO YOU NEED VENDOR COMPLIANCE SERVICES?
- Legal Compliance: Vendor Compliance Services help organisations comply with various labour laws and regulations.
- Risk Management: Engaging with contract workers
- carries various legal and financial risks. Vendor Compliance Services assist in managing these risks by ensuring compliance with all relevant laws and regulations.
- Cost Savings: Non-compliance with labour laws and regulations can result in legal penalties, reputational damage, and operational disruptions. Vendor Compliance Services help organisations avoid these costs and focus on their core business activities.
- Ethical Responsibility: Engaging with contract workers also comes with ethical responsibilities toward the welfare and safety of these workers. Vendor Compliance Services help organisations meet these obligations and promote a positive image.