The number of employment laws and regulations is on a continuous growth trajectory. This necessitates every organization to always check all the boxes on their HR compliance checklist to avoid any risk of penalties and lawsuits due to non-compliance. But for most businesses, this is still a task easier said than done. Why? The answer is simple: the HR department is overburdened with a massive workload, and manually keeping track of the compliance changes is not easy for them.
Many businesses, in such a scenario, focus on implementing cutting-edge software for HR compliance. They expect these solutions to keep them on top of the regulatory changes by offering updated information and helping find the applicable rules and regulations. In most cases, however, the gap between expectation and reality is never bridged. As most of this software is off-the-shelf or not designed from the ground up to solve HR-related issues, they remain more of a fancy dashboard. The key decision-making process, such as policy updates, still relies on manual intervention. Also, these solutions are often generic, meaning they cannot take each unique business need into consideration and help craft a strategy.
In such a situation, businesses need to be careful while investing in their HR compliance software. They need to properly vet the vendors before making a purchasing decision. Also, HR leaders need to focus on making teams accustomed to the new processes, given that most of the time, internal resistance becomes the biggest roadblock for such digital transformation initiatives.
In this edition, our goal is to make clients acquainted with the recent developments in the HR compliance space and reveal a bunch of innovative companies that are making a difference in this space with a focus on innovation and a client-centric approach.
