Risk management, regulatory and compliance
Enhancing controls for human capital processes and mitigating risk around HR
The tax, accounting and regulatory environment confronting HR is extremely complex and constantly changing. Today, HR leaders must ensure that their retirement
, health & welfare
(including equity) programs are compliant with a myriad of ever-changing tax and other regulatory requirements. Companies are moving toward a more dynamic approach to identifying, assessing and managing risk to help their businesses become risk resilient. Inefficient tax planning and failure to proactively manage tax, accounting and regulatory risks emanating from HR strategies, reward programs and delivery models can negatively impact a company's bottom line… and reputation.
How we can help
PwC's Human Resource Services practice comprises a global network of technical benefits, compensation, tax and accounting professionals who work with companies to help them better identify the risks inherent in their HR strategy in the areas of retirement, health & welfare and compensation programs. We work with our clients to assist them in choosing and implementing approaches that best manage the inherent risks, keep them in compliance, help enhance controls for human capital processes, reduce regulatory audit risks and develop effective human capital governance.
Compliance and risk management touch all HR areas, including:
- Retirement and health & welfare benefits
- Vendor selection and management
- Talent management
We work with companies to address risk management and compliance issues focusing on:
- Documented and effective controls
- Regulatory review preparedness, reducing financial and reputational risk
- HR and plan governance
Value to your company
By leveraging the skills and experience of PwC's specialized HR, tax and accounting professionals, your company can reduce financial and reputational risk and develop a compliance culture, specifically designed to:
- Proper governance structure that increases effectiveness, transparency and efficiency
- Develop and adhere to effective processes and controls
- Manage compliance and operational issues to reduce benefit plan exposure to regulatory reviews
- Manage employee engagement risk caused by changes to benefits and compensation programs
Gaining better control over your company's HR compliance and risk management issues will also enable you to focus on more strategic aspects of your business.
Please contact us to discuss how we can work together to design and implement the proper controls around your human capital processes and HR issues.