HR compliance software helps companies, managers, and HR professionals or departments keep up to date with all HR business regulations and compliance laws. These solutions allow businesses to understand complex and ever-changing state and federal compliance legislation and rules. HR compliance solutions also help businesses communicate and enforce company and legislative policies to their employees. Furthermore, these tools often automate classified document management workflows and reporting.
Traditionally, compliance solutions have focused solely on financial compliance for payroll, for example, but in recent years they have expanded to provide more holistic solutions. Today, HR compliance software typically covers payroll, benefits, risk and safety, recruitment, and employee relations. Most vendors do not provide solutions that span across every area but rather specialize in specific compliance laws such as ACA, benefits, or small business. HR compliance software is often provided in tandem with other HR software, including onboarding software, time and attendance software, or benefits administration software, to name a few. HR compliance software can also be sold as a standalone solution. Furthermore, some HR compliance solutions provide core HR software or payroll software integrations to automate payroll reports and efficiently maintain compliance.
To qualify for inclusion in the HR Compliance category, a product must:
Monitor compliance regulations
Provide customizable HR documents for different types of policies
Classify, file, and manage pertinent documents
Provide administrators with the tools to communicate compliance risks to employees
