Documenting the Impact of Federal Regulations- NAM

A new study commissioned by the National Association of Manufacturers  (NAM) reveals the true cost of this administration’s Labor regulations.

  • $81.6 billion in compliance costs over the next 10 years
  • 155,700 lost jobs 
  • 411 million hours of paperwork

No argument from us about the hours to complete paperwork!

nam-cost-of-regulations-2016

Obviously, management time spent on regulatory compliance that is overly cumbersome and redundant is time that management is not adding value to help companies become more competitive, sustainable, and add higher value.

Keep in mind, this is just Dept. of Labor costs.

Full Study here: NAM Report

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s