Home > Human Resource > HR Compliance Solution: An Incredibly Easy Method That Works For All

HR Compliance Solution: An Incredibly Easy Method That Works For All

Business owners are increasingly concerned about their companies’ human resources compliance.

From a legal and regulatory standpoint, it’s important to keep your company compliant with all applicable laws. But what if you don’t know where to start? Well, we’ve got good news: there’s an easy way to ensure your business is always compliant for life without hiring expensive consultants or using complex systems — just use an automation-ready HR Compliance Software! Read further to learn how to choose an HR compliance solution.

The Importance of HR Compliance

HR compliance is a legal requirement that ensures you are following the law and, in turn, protecting yourself from fines and penalties, and, most importantly, mitigating the risk of any reputational damage.

If your business is seen as a good corporate citizen by the government authorities, then it will be easier for employees to feel comfortable working at your company. This means they will have better working conditions and more opportunities for progression within their career path.

Key Statutory Compliance Issues for Indian Companies

Central and State governments demand labour law compliance. These laws apply to all organisations incorporated in India. Depending upon your business type, an appropriate selection of these laws will apply to your business. These laws aren’t limited to filing taxes but they also ensure the well-being of your employees.

 Here are some of the major compliance laws that your business needs to adhere to:

  • The Minimum Wages Act, of 1948
  • The Payment of Bonus Act, 1965
  • Equal Opportunity Act
  • The Employees State Insurance Act, 1948
  • Prevention of Sexual Harassment Act (Prevention, Prohibition, and Redressal)
  • Maternity Benefit Act, 1961

The Benefits of having a dedicated HR Compliance Professional on your team

They will take care of the journey of an employee, from recruiting to retirement. An HR team is an integral organisational pillar that is responsible for maintaining statutory compliance, hiring and retaining talent, training employees, and more.

When you hire an HR compliance professional, they will help your company understand the legal and business requirements of the land. They will also teach you how to comply with these requirements in a way that is easy for everyone involved.

The benefits of a dedicated HR compliance professional on business are numerous:

  • It’s an ongoing commitment-not just something that happens once every year or two
  • It’s not limited to meeting legal requirements alone; it’s also about doing right by your employees
  • It helps you avoid legal action, which can be costly and time-consuming
  • They help boost your company’s image in the eyes of regulators, current employees, and prospective job seekers
  • HR professionals ensure that your team is paid without fail
  • They take care of different processes such as managing employee salaries, tax deductions, leave encashments, and other aspects of remuneration for employees
  • Your payroll team is also responsible for the company’s financial records and storing them for compliance purposes.

But for small and medium businesses, having an on-site expert is a challenging proposition. Even, larger organisations want to focus on their core competencies and outsource non-core tasks like Finance, Compliance, and Accounts to external experts.

Furthermore, the compliance landscape is changing constantly and failure to comply with hundreds of tax regulations can invite penalties and be detrimental to your reputation. It’s challenging for an in-house team to stay abreast of all the rapid developments on their own.

You can avoid costly compliance mistakes by outsourcing your organisation’s compliance requirements.

A good Compliance Management software can set your business up for success in Risk Management, Tax Appropriation, Training, Compliance Audits, and more.

HR Compliance Software Solutions

HR compliance software is a great way to ensure your business is always compliant. It can be implemented across all departments and functions of your organisation, ensuring that employees are aware of the correct procedures, policies, and documentation required by law.

The software also offers a way to keep track of your HR activity, so you can make sure that nothing is slipping through the net. A good HR compliance software solution will help you:

  • Ensure all employees are aware of their rights and responsibilities
  • Keep up-to-date records on recruitment and training activities
  • Provide an overview of staff attendance and leave

There is a way to ensure your business is always compliant, for life

HR compliance is a long-term commitment, but it’s not as hard to manage as you might think. With HR compliance software, your business can be compliant for life.

If you’re looking for a way to ensure that your organization remains compliant over time, look no further than HR compliance software. Good compliance software can be customized for companies of all sizes and types across industries to meet their legal obligations in an efficient manner without breaking the bank or requiring extensive training on how best to use their new toolset.

They are easy to use and provide a full suite of features that make it easier for you to manage your organization’s workforce. This includes everything from risk management, payroll deduction, and time tracking, to employee onboarding, training, and audits.

MYND Integrated can help you leverage HR compliance 

With an average of 10+ years of experience in labour laws and compliance-related activities, Mynd provides consistent support for different industries across India. We are well–recognized for lending highly efficient services. We customize our services to cover all obligations of our clients under various central or state-specific labour laws depending upon the industry and their locations or jurisdictions in India. 

ACT (Active Compliance Tracking) offers end-to-end automated compliance management for organisations. ACT is configurable according to the industry requirement, and offers access to compliance-related information in a single window dashboard. ACT enables an online repository of documents, and real-time tracking of activities and reporting, giving you complete visibility and control.

We hope this article has given you a good overview of HR compliance software and its benefits. If you’re still not sure if the software will work for your business, contact us today to see a demo of Mynd’s compliance solutions in action.

Saurav Wadhwa

Co-founder & CEO

Saurav Wadhwa is the Co-founder and CEO of MYND Integrated Solutions. Saurav spearheads the company’s strategic vision—identifying new market opportunities, unfolding product and service catalogues, and driving business expansion across multiple geographies and functions. Saurav brings expertise in business process enablement and is a seasoned expert with over two decades of experience establishing and scaling Shared Services, Process Transformation, and Automation.

Saurav’s leadership and strategy expertise are backed by extensive hands-on involvement in Finance and HR Automation, People and Business Management and Client Relationship Management. Over his career, he has played a pivotal role in accelerating the growth of more than 800 businesses across diverse industries, leveraging innovative automation solutions to streamline operations and reduce costs.

Before becoming CEO, Saurav spent nearly a decade at MYND focusing on finance and accounting outsourcing. His background includes proficiency in major ERP systems like SAP, Oracle, and Great Plains, and he has a proven track record of optimizing global finance operations for domestic and multinational corporations.

Under Saurav’s leadership, MYND Integrated Solutions maintains a forward-thinking culture—prioritizing continuous learning, fostering ethical practices, and embracing next-generation technologies such as RPA and AI-driven analytics. He is committed to strategic partnerships, long-term business development, and stakeholder transparency, ensuring that MYND remains at the forefront of the BPM industry.

A firm believer that “Leadership and Learning are indispensable to each other,” Saurav consistently seeks new ways to evolve MYND’s capabilities and empower clients with best-in-class business process solutions.

Vivek Misra

Founder & Group MD

Vivek is the founder of MYND Integrated Solutions. He is a successful entrepreneur with a strong background in Accounts and Finance. An alumnus of Modern School and Delhi University, Vivek has also undertaken prestigious courses on accountancy with Becker and Business 360 management course with Columbia Business School, US.

Vivek is currently the Founder & Group MD of MYND Integrated Solutions. With over 22 years of experience setting up shared service centres and serving leading companies in the Manufacturing, Services, Retail and Telecom industries, his strong industry focus and client relationships have quickly enabled MYND to build credibility with 500+ clients. MYND has developed a niche in Shared services in India’s Finance and Accounting (FAO) and Human Resources (HR). MYND has also taken Solutions and services to the international space, offering multi-country services on a single platform under his leadership. Vivek has been instrumental in fostering mutually beneficial partnerships with global service providers, immensely benefiting MYND.

Mynd also forayed into a niche Fintech space with the setup of the M1xchange under the auspices of the RBI licence granted to only 3 companies across India. The exchange is changing the traditional field of bill discounting by bringing the entire process online along with the participation of banks through online auctioning.

Sundeep Mohindru

Founder Director

Sundeep initiated Mynd with a small team of just five people in 2002 and has been instrumental in steering it to evolve into a knowledge management company. He has brought about substantial improvements in growth, profitability, and performance, which has helped Mynd achieve remarkable customer, employee and stakeholder satisfaction. He has been involved in creating specialized service delivery models suitable for diverse client needs and has always created a new benchmark for Mynd and its team. Under his leadership, Mynd has developed niche products and implemented them on an all India scale for superior services. Mynd has been servicing a large number of multinational companies in India through its on-shore and off-shore model.

TReDS (Trade Receivable Discounting System) has been nurtured from a concept stage by Sundeep and the Mynd team. M1xchange, Mynd Online National Exchange for Receivables was successfully launched on April 7th, 2017. While spearheading the project, Sundeep and his team have built up the TReDS platform to meet RBI guidelines and enhance the transparency for all stakeholders. This platform and related service has the capability of transforming the way the receivable finance and other supply chain finance solutions are operating currently.

Sundeep is currently focused on providing strategic direction to the company and is working towards achieving high growth for Mynd, which will help in creating the products as per customer needs and increase its top line while maintaining the bottom line. He directly involves, develops, nurtures and manages all key client relationships of Mynd. He has also successfully acquired numerous preferred partners to support Mynd’s technology-based endeavors and scale up its business.

Sundeep has been the on the Board of Directors for many renowned companies. He has played a key role in planning the entry strategy and has set up subsidiaries for many multinational companies in India. In his leadership, Mynd has seen consistent growth at the rate of 20+ % CAGR from the year 2009 onwards. This was primarily because of investing into technology and bringing platform based offering in Accounting and HR domain for the customers.