Human Resource Department

Abstract

This report is written to provide the reader the basic knowledge about statutory compliance with regard the human resources and capital employed in any business and what is its importance from a business perspective. The report is specifically based on hospitality industry and what laws are applicable at Fortune Landmark Ahmedabad. The numerous labor welfare and payment regulations that apply in India are referred to as statutory compliance. These rules change on a state and national level, and businesses are required to follow them. Non-compliance with these regulations can result in legal consequences such as penalties, fines, and even jail time. This is why businesses devote significant resources to ensuring statutory compliance. Every business or company has people at its heart of organization. These are company's workers, who operate in various capacities to achieve the company's goals. A firm must be structured and streamlined, with suitable standards and regulations in place, in order to run well. These rules apply to every aspect of the business, including how it interacts with its workers and how it manages its cash.