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 and compensation (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.
PwC's People and Organization 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:
We work with companies to address risk management and compliance issues focusing on:
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:
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.
Principal, Retirement benefits practice leader