Compliance Challenges: Just How Big Is the Burden for U.S. Businesses?

Even in the face of a tidal wave of regulatory changes, you can master compliance for your company, your team and your people.

Key takeaways:

  • 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.

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About our Sponsor, Paycom:

Paycom provides transformative HR and payroll software for the entire employee life cycle. A single, easy-to-use software empowers employees to access, manage and update their own HR data — from benefits and PTO to direct deposit and everything in between — all under the same digital roof. The transfer of responsibility from HR to employee increases accuracy, security and compliance; improves the overall employee experience, thus boosting retention levels; and frees HR to focus on driving greater business value.