Statutory complience for HR profession.

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Statutory compliance is essential for HR professionals to ensure adherence to legal requirements and avoid legal consequences.

HR professionals must be aware of and comply with labor laws, tax laws, and other relevant regulations.
They must maintain accurate records and documentation to demonstrate compliance.
Examples of statutory compliance requirements include minimum wage laws, anti-discrimination laws, and employee benefits regulations.
Non-compliance can result in legal penalties, fines, and damage to the organization's reputation.
HR professionals should stay up-to-date on changes to relevant laws and regulations to ensure ongoing compliance.

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