Wage garnishments – the legal seizure of employee pay to settle debts like child support payments, tax levies, and student debt – are impacting many U.S. employees. In fact, one in 14 such workers is carrying a wage garnishment and an estimated 12 percent of those with a garnishment have more than one type.*
But many organizations still overlook wage garnishments and view them as an obscure and complex aspect of business. Even as employees are confronted by the stress of having their wages garnished, you as their employer are saddled with the compliance burden and stress of managing those wage garnishment transactions. Employers that fail to comply with garnishment orders can face costly penalties.
Watch the next installment in our Workplace Compliance Spotlight webcast series and receive critical insights on the business impact of wage garnishments and strategies for achieving wage garnishment compliance.
During this webcast, you will learn about:
- Latest wage garnishments data and trends available in protecting employee wages and garnishments reporting
- Different types of wage garnishments and how each one can affect both employers and employees
- Impact of various federal and state regulations being processed by varying agencies
- How electronic processes can help manage wage garnishments to improve company compliance and mitigate overall risk
ADP remains at the forefront of helping employers understand the complex compliance, financial, and strategic issues surrounding workforce management. Tap into our expertise to ensure you’re in the best shape possible for future workplace compliance changes that may come about along the way.
*ADP Research Institute, The U.S. Wage Garnishment Landscape: Through the Lens of the Employer