By Kyra Neubauer
Human capital management is ever changing. Managing employees throughout the lifecycle includes complicated processes, like keeping up with changing legislation and adapting to new technologies. And all the while, you're trying to keep employees happy and engaged. Regulations and compliance concerns touch almost every aspect of the employee life cycle -- and there are so many areas to consider. Therefore, you may have questions like:
If you've missed a step, you're not alone. According to a recent Equifax survey of HR industry practitioners, 92% of survey respondents felt confident that their organization was fully compliant with Form I-9 requirements.
Yet, an estimated 60-80% of paper Form I-9s are missing, incomplete or contain errors.*
One step in hiring new employees is completing the required state new hire paperwork. Equifax Workforce Solutions monitors legislation in all 50 states and Washington, DC for changes to new hire notification requirements. As a result, we've identified three trends in the types of laws states are passing to help protect employees:
While missing a component of state new hire paperwork can put your business at risk, the same is true at the other end of the employee lifecycle – offboarding. The risks associated with employees leaving your company can impact your bottom line through high SUI tax, overpaying unemployment claims, or paying fines due to incorrect or no responses. Therefore, companies need to adjust their process in light of legislative changes. For example, New Jersey has a new E-Adjudication for UI claims. As of Oct. 17 2018, there will be no fact-finding/adjudication hearing scheduled. As a result, employers may be contacted by a UI agency claims examiner via a cold call and contacted earlier in the process.
In conclusion, it’s critical that employers stay informed of key trends — from onboarding to offboarding. For this reason, Equifax Workforce Solutions hosted a week-long online educational series to help you optimize your human capital management systems and processes. All five of our 30-minute seminars are available on demand: