Do employment and Business laws integrate? Identification of implications for organizational performance in Indonesia
Abstract:
The balanced corporate sector of Indonesia is strongly associated with the business laws and employment regulations prevailing in the country. Organizational conduct and business performance depend upon the association and fulfillment of these legislations. For this purpose, strict compliance in Indonesia exists to cope with business laws and employment legislation, the neglecting or ignorance of which results in negative business outcomes. Penalties, punishments, and concerned drawbacks are associated with the breach of business and employment laws. This research aims to consider employment laws and Indonesian business regulations to assess the integration between the two. For this purpose, these laws have been reviewed and implicated in the organizational performance of Indonesia. This research holds greater theoretical and practical significance. The research is an addition to the growing body of literature concerning corporate performance and better conduct in Indonesia. Practically, this research is a source of awareness for policymakers and regulatory authorities to assess the potential punishments and penalties in case of breaching these laws. The essential implications of business laws and employment laws in Indonesia are thus provoked through the present study.
Keyword:
Business laws, Employment laws, Organizational performance, Indonesia.