Statutory Components
This page enables organizations to manage their statutory components.
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This page enables organizations to manage their statutory components.
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Statutory components refer to the mandatory elements of compensation and benefits that are governed by specific laws and regulations. These components ensure compliance with labor laws and protect the rights of employees.
When you click on the Statutory Components option, you are simply directed to a screen like the one mentioned below:
On this page, you will find three important components:
To learn more about them you can click on any of the links given.
