Coping with Corporate Compliance: An Overview
Coping with Corporate Compliance: An Overview

Coping with Corporate Compliance: An Overview

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:

* Nondiscrimination
* 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.

More to Discover

CFO

Compliance Guide for Finance Leaders

Compliance Guide for Finance Leaders

As part of our commitment to help Finance leaders make a difference in their organizations, we’ve published this compliance deep dive to help you stay current and effective in a fast-paced and changing world. Inside you’ll learn: How to maintain compliance with federal regulations through the employee lifecycle Potential violations to watch for and tips to avoid them Expert advice on how HR can mitigate risk Complete the form and get your 2019 Compliance Guide instantly.

HR COE Compliance Benchmark Quiz

HR COE Compliance Benchmark Quiz

Is your organization at risk? The path to achieving excellence in recruiting is a continual journey that evolves over three phases. To find out what phase you’re in and get a customized action plan. TAKE OUR QUIZ TO FIND OUT: Quiz will load down below shortly Content loading... Please enable javascript! Compliance Benchmarking Quiz What’s preventing you from attracting and hiring top talent? To get to the next level, analyze your current compliance practices to find out where you are at risk. Then develop strategies to address those problem areas. Based on your responses, you’re in Phase 1: To get to the next level, look for the right technology to proactively monitor compliance. When you find the right fit, invest in technology to lay...

3 Steps to a Successful Year End

3 Steps to a Successful Year End

Year-end is a busy time for businesses, and it can be stressful to think about all the things you need to do to prepare for the end of one year and the beginning of the next. To help you avoid uncertainty and desperation, follow this 3-step guide to ensure a successful year-end.

What's Changing in 2019 Infographic

What's Changing in 2019 Infographic

Regulation changes, wage increases and new contribution limits…oh my! Here’s a look at the latest updates that are likely to impact your organization in 2019.