With the advent of globalization and the intense push by the government for Make in India initiative, entrepreneurs are out of their shackles, startup ecosystems are thriving and unicorns have boomed with transitions waiting to happen towards decacorns.
However, such phenomenal growth have also thrown fresh challenges for these companies and the unfolding scenario in many organizations is that of shrinking talent pool, employees lacking expertise, ever changing business structures and rising costs on HR functions.
In addition, the ubiquitous issue which all companies encounter is their struggle to ensure strict compliance with the provisions of the complex legal & statutory milieux of the country which are dynamic, ever increasing and vary across states. Saddled with the compliance burden that ranges from labour laws, to tax issues, to compliance audit to fair benefits administration the companies are unable to concentrate on their core business functions; which are drawing more resources for them and has moved the bar high for the corporates.

