The Kentucky Secretary of State is the state agency responsible for overseeing elections, business registrations, and maintaining official state records in Kentucky. This agency plays a crucial role in ensuring compliance with state laws and regulations, as well as promoting transparency and accountability in government operations.
Deferred compensation is a financial strategy individuals use to manage their income more efficiently. It allows employees to postpone receiving a portion of their earnings until a future date, like retirement.
For employers, offering deferred compensation plans can be a valuable way to attract and retain talent. This article highlights the types of deferred compensation, potential risks, employer benefits, and how Mosey can help maintain business compliance.
What Is Deferred Compensation?
Operating a business across multiple states used to be a challenge reserved for large corporations with established legal departments. Not anymore. With remote work becoming commonplace, even small businesses now face multistate compliance issues as employees relocate across state lines.
The bottom line: what was once a straightforward regulatory landscape has transformed into a complex set of requirements that can catch even the most diligent HR leaders off guard.
Talented and effective HR professionals are the secret ingredient to organizational success. HR professionals can utilize tools like competency models to maximize success and efficiency.
A competency model serves as a blueprint for identifying, developing, and assessing the skills and behaviors necessary for individuals to excel in their roles within an organization. A little bit of work on a competency model can boast a huge payoff in productivity and human resource planning.
Kaitlin Edwards |Aug 15, 2024
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