Legal sovereignty for professional

December 29, 2023
Financial literacy is a critical skill that empowers individuals

Dr. Shefali

The term 'Professionals' carries a lot of weight in terms of its meaning when a person is representing themselves, especially when dealing with clients. The easy availability of information helps people, departments, and organizations to evolve their thinking and working style. For example, today simple payment operations can occur in multiple ways viz online, UPI, cardless, EMI, bonds, etc., unlike previous days when people relied majorly on demand drafts, cheques, or cash. This implies the finance or accounts division in an organization would have multiple processes in place.

The employee working should have a basic knowledge of legal aspects to ensure less risk in operations. Similarly, other core processes in an organization are continuously becoming more complex. For instance, (i) the marketing department with the advent of social media influencers, (ii) GenAI- augmented reality(iii) the research and development department with stricter intellectual property rights and (iv) the evolution of artificial intelligence; the operations department heavily investing in next-gen technologies like automation, drone etc. These are simple examples that help us understand that in today's work environment professionals deal with new scenarios every day that cut across the span of people, processes, tools, and technologies. Hence, they need to have basic legal awareness of the area in which they are dealing.

Every professional must be secure legally. He /she must abide by the rules and regulations of the country. Be it Human Resources, Accounts, or any other profession, legal awareness is a must for every professional working in that capacity.

Every college course curriculum includes subjects that make every student strong in the legal aspects of business. JIMS Noida -DIHE College is one of the best colleges that provides education to every student enhancing their legal awareness and helping students to be legally secure in their profession.

It is one of the best colleges in Delhi NCR that provides students with learning about the business environment and its practical implications. Every individual must be vigilant and protect the interests of its stakeholders. Legal sovereignty promotes the following behavior.

1. Improve decision-making.

2. Improve the quality of work and assessment of norms.

3. Interpretation of various situations in the right direction.

4. Protect the interest of stakeholders.

5. Ensure legal safety and minimize the cost of disputes.

Nowadays, Corporate Social responsibility and Sustainable responsibility have been a central topic of discussion for every international agency. New norms and regulations are being developed for every country. So, to be a better manager every student as well as professional must be acquainted with the prevailing norms in society and their consequences.

For a person to be able to respond to this situation in a timely and sensible manner some depth of legal thought process will be helpful to minimize risks and deliver quality outputs. Similarly, when managing a team knowing about working hours, basic insurance and important labor laws about relevant industries helps professionals deal with operational and work environment challenges.

These are again some examples that support why legal awareness or legal security is important for every professional.

Thanks & Regards
Dr. Shefali
Assistant Professor
DIHE-JIMS, Noida