Until recently, I directed a corporate benefits department and was responsible for complying with the legislation that affected my organization’s benefits program. There were mountains of legislation, and while my staff and I were able to handle it effectively, we definitely struggled to keep abreast of everything we needed to do. Then came the law that broke the camel’s back: health care reform.
The volume and magnitude of legislation that benefit professionals are responsible for complying with today, combined with the continual volatility in the employee benefits space and significant penalties for noncompliance, begs HR departments to strongly consider adding an employee benefits compliance support resource as a natural extension of their department (see chart). I call it “front-room support” for employee benefits compliance.
