Some changes are planned—a merger, a new technology, an office move. These increase the complexity of your HCM compliance ecosystem by introducing new statutory requirements, new workforce demographics, and even new HCM systems. Some you may not see coming. New legislative or reporting requirements mean more work. Natural disasters can bring business to a halt.
Companies typically do just enough to stay compliant with their baseline of statutory requirements. Going beyond that may not be deemed as a good investment. However, when something changes, the ability to remain compliant could be compromised.
When sudden and unexpected change hits, the need for compliance doesn’t go away. In fact, it often dramatically increases in complexity with limited time to respond. More than ever, you need to mitigate disruptions and protect your company from compliance failures. And you need to be prepared for whatever comes at you.
Implement solutions such as electronic pay to help avoid delays in workers receiving earned wages and cloud-based systems so staff can continue to manage critical compliance processes from remote locations.
Leverage a compliance solution that incorporates nuanced state and local requirements so it will grow with you.
When you turn to a valued, experienced HCM compliance partner, you will benefit from the experience they’ve acquired through years of helping thousands of companies manage through disruption events of nearly every sort.