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HRO TODAY May 2014

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[ 54 ] HRO TODAY MAGAZINE | MAY 2014 The Benefits Package Making Benefits Software Work for You How to properly vet technology solutions for HR optimization. By Paul Horalek 2014 brings with it a bevy of new regulatory changes and compliance measures, and these need to be addressed to avoid costly penalties. This is even more critical now as companies look to comply with mandates coming from the Affordable Care Act (ACA). New guidelines like variable-hour tracking, summaries of benefits coverage and plan-reporting requirements will present significant hurdles for employers to follow. In addition to having to implement measures to maintain compliance, HR personnel will need to identify ways to prove adherence to new rules—something that can be done by utilizing robust, dedicated HR software solutions. With constantly changing directives and new regulations coming down the pipeline, and with renewed budgets set for the year, many companies will look to invest in new technology that can help enhance HR processes and improve departmental efficiencies, in addition to ensuring that new measures meet the scope of the latest directives.

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