Lack of time and resources often causes HR and payroll compliance professionals to cut corners—exposing their organization to unnecessary risk, according to “The Risky Business survey” by The Workforce Institute at Kronos Inc. and Future Workplace.
The survey of 812 HR and payroll professionals found that more than half (55 percent) have witnessed compliance activities by their colleagues that created unnecessary risk. A majority (66 percent) of payroll professionals and 51 percent of HR practitioners say their organization occasionally cuts corners that may jeopardize compliance, including more than two-thirds (69 percent) of all respondents whose systems are more than five years old.
Large organizations (2,500 to 9,999 employees) are the biggest offenders, as more than two-thirds (68 percent) of respondents say they have seen colleagues cut corners when it comes to compliance. More than half (58 percent) of organizations with 1,000 to 2,499 employees, 56 percent of organizations with 500 to 999 employees, and half of organizations with fewer than 500 employees report taking shortcuts that may jeopardize compliance.
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Katie Kuehner-Hebert
Katie Kuehner-Hebert is a freelance writer based in Running Springs, Calif. She has more than three decades of journalism experience, with particular expertise in employee benefits and other human resource topics.
