Implementing new government regulations

Governments worldwide have stepped in to varying degrees with fiscal stimulus packages, social reforms and regulations to steer their economies away from a global depression. What this means for companies is that governments will continue to impose more regulations and mandatory requirements which may well result in rising labor and administration costs.

A recent development in Asia, organizations now need to comply with new accounting standards to ensure that companies, investors and regulators understand the financial risks of fulfilling their benefits obligations. There has also been a slew of pension reforms in recent years which outline principles for setting up and managing employer-sponsored retirement plans. And, many countries are introducing greater measures related to employee rights, such as termination restrictions and performance management requirements. Given these changes, it is essential that companies understand the requirements as they manage their human resources and monitor the cost of increased regulatory oversight.

Mercer's Implementing new government regulations campaign will be launched shortly. Click here to ensure that you receive the latest on The rules of recovery.