Effective vendor management is essential for meeting Principal Employer obligations, particularly when it comes to onboarding and offboarding vendors with approved registrations, licenses, statutory payments, and related compliance requirements. LBS ensures compliance from both the Principal Employer and vendor perspectives by implementing robust processes and guidelines that guarantee adherence to all necessary regulations.
A consolidated report with details of all findings and outcomes including risk profile, gap analysis, recommendations and risk mitigation strategy provided along with the Dashboard.