As reports of more auditors in the field from the U.S. Department of Labor circulate the industry, advisers are increasingly concerned about compliance for their employer clients. Research from the employment and labor law firm Littler Mendelson confirms another good reason that advisers should be offering compliance help: Its a top concern for employers.
In the firms third annual Executive Employer Survey, 56% of responding employers say theyre troubled by rulemaking and aggressive enforcement from federal agencies. The report, released Tuesday, identified President Barack Obamas focus on changing workplace policies and the divided government as the cause of the increased scrutiny and pressure on employers to meet demands from federal agencies.
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