Search
 
Research

Is your HR department cutting corners? Probably.

According to a recent study, more than half of HR workers have witnessed compliance activities by their colleagues that created unnecessary risk.

Pile of paperwork HR and payroll departments spend roughly 36 hours per week on compliance-related activities ranging from tracking regulatory proposals to creating and communicating new policies.  (Photo: Shutterstock)

Lack of time and resources often causes HR and payroll compliance professionals to cut corners – exposing their organization to unnecessary risk, according to “The Risky Business survey” by The Workforce Institute at Kronos Inc. and Future Workplace.

The survey of 812 HR and payroll professionals found that more than half (55 percent) have witnessed compliance activities by their colleagues that created unnecessary risk. A majority (66 percent) of payroll professionals and 51 percent of HR practitioners say their organization occasionally cuts corners that may jeopardize compliance, including more than two-thirds (69 percent) of all respondents whose systems are more than five years old.

Complete your profile to continue reading and get FREE access to BenefitsPRO.com, part of your ALM digital membership.

Your access to unlimited BenefitsPRO.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical BenefitsPRO.com information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com

Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Katie Kuehner-Hebert

Katie Kuehner-Hebert

Katie Kuehner-Hebert is a freelance writer based in Running Springs, Calif. She has more than three decades of journalism experience, with particular expertise in employee benefits and other human resource topics.

More from this author

Recommended Stories

BenefitsPRO

Join BenefitsPRO

Don’t miss crucial news and insights you need to navigate the shifting employee benefits industry. Join BenefitsPRO.com now!

  • Unlimited access to BenefitsPRO.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
  • Exclusive discounts on BenefitsPRO.com and ALM events.

Already have an account? Sign In Now
Join BenefitsPRO

Copyright © 2024 ALM Global, LLC. All Rights Reserved.