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Labor Audit (Employer (Company, Private Firm, Partnership Firm,…
Labor Audit
Purpose of New Labor Act
Requirement to ensure laborer's rights, benefits and facilities
Balance between the workers and employers by securing their rights and duties for promoting sound industrial relation
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WHY Conduct Labor Audit?
To correct the imbalance of power between the employee and the employer by protecting their various rights
Provide a systematic means for employer to determine their exposure to employment lawsuits and to minimize potential liability by taking preventive actions
Purpose of Labor Audit
Effectively implement the legal provisions of Labor Act 2017 so that the employees' rights and benefits are secured for the purpose of enhancing industrial production.
Develop the standard of law and policy implementation, enhance ownership towards employer by
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Reducing workload of surveillance, investigation and monitory of the GON
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Accuracy of Labor Audit
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The Auditor should be independent person and should not come under influence of any financial benefit or reassure from an employer
Opportunities
Allows employer to proactively identify and correct their own gaps, problems of existing practices and compliance of the laws and regulation
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Because of these benefits and opportunity of avoidance of consequences, employers should treat Labor Audits just as seriously as financial audits they conduct annually
Challanges
Auditor requires expertise knowledge of this Labor Audit function and labor laws and associated laws and regulation
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Labor Auditors are expected to conduct the audit functioning minutely and identify the areas of improvements.
Due to new provisions and lack of adequate information and practices, conducting legal audit for initial few years is challenging