Due Diligence means evaluation of prospective business decisions with a view to minimize probable risks involving financial burden and liabilities under various laws applicable. It is the analysis of percentage of accuracy in business and policy decisions. In short, due diligence means careful and minute scrutiny of existing policies and prospective policy decisions with a view to ensure hundred percent compliance with statutory provisions and policies framed by one for its own governance.

With the Indian industrial scenario acquiring Global proportions, the concept of Human Resource Development and retention of the existing diligent and efficient staff is becoming a matter of great concern day by day for most organizations.

The Due Diligence process is generally required by the organisation to verify / check the footing on which they stand in terms of compliance of statutory obligations. The time to time analysis of these audits or due diligence enquiries enables the establishments to remove the lacunae and to update their information source. Due Diligence Audits help the organisation in many ways to grow and prosper, and play a very important role.

Due Diligence Audits are not made mandatory till the date. However, since Due Diligence Audits are conducted on the basis of documentary assessment, in case of any legal action initiated by any statutory authority, and prosecution out of the same, Due Diligence certification certainly proves to be a great help and relief.

Team Précis specializes in, conducting Due Diligence Audits of H.R., I.R. and Personnel functions, carry out an objective analysis of the findings, and based on the findings, rendering useful guidance for sharpening and improving the organizational focus on these aspects.

During the course of Audits Team Précis experts analyse and check for the compliances in respect of all the Labour, Industrial, Service and Employment Contract Laws, applicable to the organisation. Based upon the said analysis Team Précis exerts prepare a preliminary report and interact with the people involved in compliance and give suggestions to remove the lacunae. A target date is fixed during the said interaction. In the last phase the compliance by target date is assessed and detailed final report with comparative data analysis is forwarded to the Client.

Yes. Précis being a specialised team of consultants in the area of Labour, Industrial and Employment Laws, represents the client before various statutory, judicial and quasi-judicial authorities.

Yes, every member of Team Précis is equipped with vast experience and expertise for representation of client or management in any sort of union/ collective bargaining issues.

Précis Consultants conducts work-shops, seminars, training programmes and organises meetings with higher level corporate staff, entrusted with the responsibility of implementing Company values or spreading awareness. With our expertise Team Précis also helps the clients to organise these programmes.