The Workmen Compensation Act is a cornerstone of India’s labor laws, ensuring employees are compensated for injuries, accidents, or occupational diseases arising out of employment. This guide explores its provisions, benefits, and employer responsibilities.
TrusComp’s outsourced vendor audits overcome the limitations of in-house processes with
advanced tools, expert teams, and tailored approaches.
Key Features of TrusComp’s Vendor Audits
Comprehensive coverage of labor laws and regulations.
Streamlined data collection, reporting, and risk analysis with advanced tools.
Access to highly trained professionals specializing in labor law compliance.
Tailored audit processes designed for your industry and operational needs.
Detailed reports with recommendations for risk mitigation and improved governance.
| Aspect | In-house Audits | TrusComp’s Outsourced Audits |
|---|---|---|
| Resources | Limited bandwidth; rushed audits. | Dedicated audit teams ensure thorough compliance checks. |
| Automation | Manual processes prone to errors. | Automation ensures efficient, error-free audits. |
| Expertise | General knowledge of labor laws. | Specialized expertise in labor law compliance. |
| Cost Efficiency | High costs for tools, training, and staff. | Cost-effective with no hidden expenses. |
| Vendor Cooperation | Resistance due to perceived intrusiveness. | Transparent processes that foster vendor trust. |
| Risk Management | Potential bias and missed risks. | Comprehensive risk analysis (High, Medium, Low risks). |
Automation reduces time, effort, and errors.
Avoid the hidden expenses associated with in-house audits
Proactively identify and address compliance gaps.
Transparent processes improve trust and collaboration.
Gain access to specialized knowledge and industry best practices.
