In business operations, accounting may be responsible for processing payroll, but human resources has to partner with them to administer timekeeping policies, process timesheets, time off, raises, and other related items. When it comes to managing and developing a workforce, HR compliance is just as important as payroll compliance, and top payroll companies usually have an HR package that includes compliance as the focus. This is a proactive approach to HR compliance that assists HR and makes it easier for companies to stay compliant and keep up with employment rules and regulations.
HR features and functionality from top payroll companies normally include services to ensure their clients stay compliant. They can include compliance poster service, eAlerts or other reminders in printed form, online resources like portals for research and resolution, sample forms and checklists, job description templates, webinars and podcasts, and hotlines for live support.
Top compliance concerns for employers include areas that payroll companies can help clients manage, including:
Workplace related lawsuits are won by the employees in 2 out of 3 times, and civil penalties are in the millions of dollars every year. In spite of this, the Department of Labor reports that 70 percent of American employers don’t follow the HR laws that apply to them. Third party HR experts and outsourced HR functions can help employers understand this area and how to get in compliance and stay in compliance to avoid financial consequences and criminal convictions.
In order to comply with the ADA, EEOC, USCIS, Fair Labor Standards Act (FLSA), OSHA, antidiscrimination laws, sexual harassment, and the seemingly infinite amount of employment laws, you must know the laws in the first place. It can be exhausting trying to learn them all, much less remember them. This is where top payroll companies come in. Areas of compliance that payroll services with HR functions can help employers with include staying current with changing laws, getting good advice, creating an HR policy manual, training managers about compliance issues, listening for and paying attention to employees and managers, giving feedback, and documenting key decisions about things like employee evaluations and policies. With the help of the right service, a company can develop policies for compliance and communicate them to employees.
PAYDAY Workforce Solutions provides a single database SAAS solution for Human Capital Management (HCM) including payroll, human resources, time management, benefits administration and onboarding to companies of all sizes and in various industries.
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