What is one of the compliance standards that must be upheld in the Workday Benefits implementation process?

In the context of Workday Benefits implementation, adherence to federal and state regulations is a critical compliance standard. This ensures that all benefits programs and policies comply with relevant laws, such as the Affordable Care Act (ACA), the Employee Retirement Income Security Act (ERISA), and other applicable labor and employment laws. Compliance is essential to avoid legal repercussions, maintain the company’s reputation, and provide employees with the necessary protections under the law. Ensuring adherence helps to create a framework within which the benefits programs can operate effectively and ethically, providing employees with the required rights and benefits.

Employee satisfaction scores, accessibility of workplace resources, and retention rates of employees, while important metrics for assessing the overall health of an organization and its employee engagement, do not directly pertain to legal compliance standards that must be maintained during the implementation of benefits programs. These factors may contribute to how effective the benefits are but do not constitute regulatory compliance requirements.