The GRC framework under the Industrial Relations Code, 2020 and draft Rules marks a shift towards structured, time-bound, and participatory grievance resolution within workplaces.
For HR professionals, this is not merely a compliance update. It affects Salary design and CTC architecture. Provident Fund and gratuity liabilities, Cost forecasting and budgeting, Long-term employee benefit calculations, Negotiations with employees and unions and Payroll systems and HRIS...



