Coping with Corporate Compliance: An Overview
Posted on February 19, 2013
Was it those chocolate ganache cupcakes? Your skills in marketing? Or your expertise in IT consulting? Whatever it was that made you take the entrepreneurial leap, it probably had nothing to do with the legal, regulatory and compliance issues you’re now facing as part of running a business.
If you’re overwhelmed by trying to keep up with regulatory compliance, you’ve got plenty of company. Yet, neglecting those important tasks could sink your business...and fast.
No matter the size of your business, the number of statutes and regulations you must legally comply with are wide-ranging. They include, but are not limited to:
* Workplace safety
* Minimum wage
* Benefits allocation
* Insurance for your employees and property
* Unemployment claims
In addition to keeping up with these regulations, it’s important that you or one of your employees is committed to administering your company’s corporate compliance plan. That responsibility should also include staying familiar with reporting requirements from federal and state entities, such as the U.S. Department of Labor, the Equal Employment Opportunity Commission, the U.S. Bureau of Labor and various state boards.
With so many regulations, there’s a good chance you have some gaps in your compliance. You have several options to make sure you’re staying on top of the chaos. You could take on the task yourself, but who would create those decadent cupcakes? A better option would be a cost-efficient HR and payroll application to keep you on track.
We help your company stay compliant with software capabilities that provide HR and payroll services, while also tracking time, creating and archiving custom reports, and helping you easily maintain employee data. We handle compliance issues behind the scenes, and our applications guide you step-by-step through any processes you need to perform to stay compliant. We also provide updates and webinars to keep you informed.
With Paycor’s HR and payroll platform, you’ll find you’re equipped with the tools you need to confidently maintain your HR duties, so you can get back to the business of running your business. Contact us today to get started.