It's a fact-finding and keeping skilled workers, managing increased government compliance reporting, and getting more done with fewer resources have many companies stretched to the limit.
The reality is that compliance concerns don't go away in a down economy; they actually have the potential to increase dramatically. For example, according to a March 12 article in Workforce Management magazine, the number of EEOC claims recently reached a record high of 95,402, the most since the agency opened its doors in 1965.
According to the Society for Human Resource Management's (SHRM) "10 HR Challenges That Should Keep You Up at Night?," approximately 150 new federal and state rules are proposed each year, costing small businesses more than $100 million in compliance costs per rule. That same document says health insurance premiums have risen 15 to 20 percent in each of the past 4 years.
"New regulatory requirements are mandating ...
The reality is that compliance concerns don't go away in a down economy; they actually have the potential to increase dramatically. For example, according to a March 12 article in Workforce Management magazine, the number of EEOC claims recently reached a record high of 95,402, the most since the agency opened its doors in 1965.
According to the Society for Human Resource Management's (SHRM) "10 HR Challenges That Should Keep You Up at Night?," approximately 150 new federal and state rules are proposed each year, costing small businesses more than $100 million in compliance costs per rule. That same document says health insurance premiums have risen 15 to 20 percent in each of the past 4 years.
"New regulatory requirements are mandating ...
