Owning, operating, and managing a business in today’s economic and regulatory environment is more challenging than ever. On top of their normal day-to-day obligations, busy executives also need to stay on top of ever-changing employment law.
Of course, anyone overseeing or administering employee benefit plans needs to be well-versed in federal laws, such as the Employee Retirement Income Security Act (ERISA) and the ever-changing IRS Codes. However, it doesn't stop there.
Employers today must also maintain compliance with both state and local regulations.
One challenge in remaining compliant with these laws is the ability to fully understand which employment practices and/or benefits are affected by the shifting sands of laws and regs.