WHAT IS LABOR AUDIT?
Every entity, company, industry, organization, institution, firm, bank and financial institution, insurance company, cooperative are responsible to conduct labor audit according to the policies and procedures of the company in respect of labor, applicability of labor laws and other relevant laws, compliance and non-compliances of such laws. It helps to maintain affable relation between employees and employers. It leads to the better corporate governance.
i. Labor Act 2074 (2017)- Section 100
ii. Labor Rule 2075 (2018)- Rule 56 and Schedule 11
iii. Labor Audit Standards 2075 (2018)
WHY SHOULD LABOR AUDIT BE DONE?
The main objective of labor audit is to establish good industrial relations by effectively implementing the existing legal provisions in the enterprise to ensure the rights and interests of the workers and to help increase the overall production and productivity.
WHAT ARE THE PROCEDURES OF LABOR AUDIT?
WHO CAN CONDUCT LABOR AUDIT?
|QUALIFICATION OF PERSON||QUALIFICATION OF ORGANIZATION|
WHEN AND WHERE SHOULD LABOR AUDIT BE SUBMITTED?
The labor audit shall be submitted by the end of Poush each year. Institutions should submit one copy of labor audit to the Labor and Employment Office, Labor Relations Committee, Labor Inspector and the concerned regulating authority as mentioned below:
|Bank and Financial Institutions||Nepal Rastra Bank|
|Insurance Companies||Insurance Board of Nepal|
|Non-Governmental Organization||Concerned District Administration|
|Other Enterprises||Authorities providing approval to establish or operate|
Disclaimer: This writing is prepared to share general information only and for legal purposes, advice of legal professionals is must.
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