Episode Details

In this episode of Global Economic Press, Alex Brady delves into the complexities of multi-state hiring compliance in the United States labor market. A recent study by FoxHire, a United States-based Employer of Record, highlights how these challenges are influencing hiring decisions and affecting where companies choose to operate. The Multi-State Hiring Compliance Burden Index, FoxHire's first national survey, reveals that 50% of employers have turned away qualified candidates due to compliance concerns related to the candidate's state. Additionally, nearly half of the surveyed employers have delayed hiring or expansion plans because of unclear regulatory environments in certain states.

The study also identifies California and New York as the states creating the most compliance friction, with different professional groups citing various reasons for these challenges. For instance, recruiters point to New York's pay transparency requirements, while legal professionals highlight California's detailed employment statutes. The survey further reveals that one in four employers has faced penalties related to multi-state compliance in the past two years, with payroll being the most common source of exposure. Despite these challenges, many employers rely on payroll software to manage their obligations. For more detailed insights and the full report, visit FoxHire's website.