Even in the face of a tidal wave of regulatory changes, you can master compliance for your company, your team and your people.
Compliance Challenges: Just How Big Is the Burden for U.S. Businesses?
- Besides state and federal legislation, multiple agencies have regulatory authority over employment-related concerns. They regularly issue new rules that may apply to your organization.
- It is incumbent upon HR professionals to not only understand a growing number of requirements, but also meet them without error.
- For virtually any business, the financial costs of noncompliance can run in the millions of dollars.
- Best practices for overcoming compliance challenges include conscientious record-keeping, proactive training and choosing the right software provider for your HR needs.