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As small and medium-sized businesses (SMBs) grow and progress—becoming larger and more complex in the process—they often face new sets of challenges, including when it comes to compliance. While big companies hire entire departments to handle their compliance activities, SMBs need smarter solutions.
The risks of non-compliance are real and growing, with over 40 percent of SMBs in the US hit with an employment lawsuit during 2024.
Meanwhile, both fines and enforcement actions are on the rise, with the US Department of Labor (DOL) expanding its investigatory teams in 2024, and similar trends observed across Latin America, Europe, and Asia.
One slip-up can result in penalties, damaged reputation, cash flow problems, and depleted team morale.
Before we explore how HR tech can help, let’s acknowledge that compliance is about much more than dodging legal bullets. It’s about building workplaces where people thrive because they’re treated fairly and with respect.
Get it right, and you’ll not only mitigate legal risks but also create a positive, trusting workplace where your people can flourish.
Plus, strong compliance practices often lead to better business outcomes—higher retention, stronger culture, and fewer costly surprises.
HR tech for compliance management
The right compliance technology levels the playing
