Question

In: Accounting

explain the importance of labor law compliance

explain the importance of labor law compliance

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Expert Solution

Labor law compliance isn’t just about avoiding fines. It’s about maintaining a safe and healthy work environment for all of your employees, and it’s about giving fair treatment to your workers. Federal labor law compliance, along with keeping up with local and state regulations, helps you to build a sustainable, long-lasting business.

National PEO keeps up with all of the latest labor law changes. We provide comprehensive audits that help companies of all sizes see where they’ve fallen short. A periodic labor law compliance audit keeps non-compliance from wrecking your company’s future. After we locate areas of risk, we’ll help you to implement necessary changes. You can stop worrying that you’re not in compliance with labor and employment law.

Labor law is of great importance because they offer protection to both the employee and employer. Compliance with these laws offers benefits to society, both on the interpersonal and financial levels. Labor law was created to provide rights and responsibilities for workers. Labor law primarily concerns the rights and responsibilities of unionized employees. Labor law can also refer to the set of standards for working conditions and wage laws. These laws, such as the Fair Labor Standards Act, prohibits child labor and sets a minimum wage.

Labor law primarily concerns the rights and responsibilities of unionized employees. Some groups of employees find unions beneficial since employees have a lot more power when they negotiate as a group rather than individually. Unions can negotiate for better pay, more convenient hours, and increased workplace safety.


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