Ten Regulatory Issues Now Impact Businesses – Is Yours Prepared?

As much as everyone wants COVID to completely go away, its reverberations have lasted long beyond the initial acute phase of the pandemic. Businesses have had to adjust to changing workplace health requirements, remote work, and a workforce that might need to take off due to COVID at any moment.

Along with these covid changes, ten major regulatory issues are facing businesses this year, including cybersecurity, workplace safety, employee privacy, and more. Being responsive to and compliant with these changing regulations can help businesses avoid costly fines and potential reputational damage.

Top 10 Business Regulatory Issues for 2022 and Beyond

Here is a list of top ten business regulatory issues for businesses in no particular order of importance:

Cybersecurity and Privacy: Cybersecurity is an important issue even without any regulations involving it. This is because a massive cyberattack could destroy a business. But cybersecurity is even more important when it comes to regulatory compliance. If data gets leaked via hacker, and this is due to negligence on the part of an organization (such as lax database security), then a business could be breaking laws regarding customer or patient privacy.

Workplace Safety: Workplace safety includes health issues, which became quite thorny in 2021 due to vaccine mandates. Vaccine mandates may be either required or banned depending on the state. Employers may be caught in the middle but must do their best to navigate possibly fast-changing workplace health and safety rules.

Healthcare Reform: Healthcare reform legislation often impacts businesses and especially healthcare organizations, of course. Changes in laws might require businesses to offer certain types of insurance or coverage.

Equal Pay: Pay disparities are not popular with workers as well as customers, and more pressure will be put on businesses from the public as well as politicians to equalize pay.

Paid Leave: Concurrent with the pay issue, is the topic of paid leave, and how employees can potentially have time for family matters, sick leave, or pregnancy.

Retirement Benefits: New legislation might require businesses of certain sizes to provide certain types of retirement plans. On the positive side, small businesses might be offered tax credits to help them offer retirement plans to their employees.

Tax Changes: Tax laws are always changing, and in addition to the usual adjustments in laws, the vaccine mandate controversy has led to possible new laws that will require companies to allow workers to still gain unemployment benefits despite not meeting mandates.

Worker Classification / Independent Contractors: The sentiment behind a controversial and somewhat unpopular bill in California limiting the ability of businesses to hire independent contractors may be extended nationwide. The U.S. Department of Labor is now possibly considering redefining the classification of workers as independent contractors to make more of them employees eligible for benefits.

Employee Privacy: Prompted by the measures enacted due to the COVID pandemic, employee privacy has been in the forefront, as COVID testing and vaccination requirements have trod into an area that was normally not acceptable for an employer. Battles will continue on this front.

Workplace Cannabis: Businesses should be on the alert for laws that allow for medical marijuana use on the job, which could impact certain professions more than others.

Maintaining Compliance With Technical Solutions

Overall, businesses, healthcare organizations, schools, and nonprofits all need to keep abreast of the constantly changing regulatory landscape in the United States. Technology, in this regard, can help but also cause problems If not implemented properly.

Businesses and organizations need to be extremely careful when implementing technologies that might result in breaches of privacy. Printers and other peripherals such as copiers and scanners need to incorporate robust security and access control in order to keep hackers at bay.

For example, healthcare organizations such as private doctors’ offices, hospitals, health clinics, and insurance companies need to digitize patient information and keep it in secure electronic health records (EHR).

Document scanners should be secure and powerful, able to determine what type of document is being scanned, and help route images versus other information to appropriate records that are secure.

Perry proTECH: Secure Technologies and Devices to Help Organizations Achieve Compliance

Perry proTECH is a leading Managed Technology Solutions provider with powerful tools and knowledge in the arenas of cybersecurity, regulatory compliance, and productivity. Our Managed IT team can review your entire IT ecosystem for network integrity and efficiency. We work with leading vendors like Epson to deliver powerful, secure devices and peripherals to meet business needs.

For example, Epson document scanners are designed to handle large-volume scanning of patient information with advanced technologies to securely route and store data while meeting HIPAA requirements.

As part of what we do with Managed IT, we keep up with changing regulations that impact technology to ensure our clients are able to focus on their core business.

Perry proTECH is a Managed Technology Services provider that has been delivering solutions to businesses and organizations of all sizes since 1965. Contact us today to schedule a consultation where we can review your technologies for cybersecurity and compliance.

2022-08-01T14:16:19-04:00August 8th, 2022|
Go to Top