If there is one lesson that can be learned from the recent economic woes that the country has been experiencing, it is that the financial system is very complex and subject to many laws. Regulations are often put into place to protect workers as well as business owners, but that fact doesn't make them any easier to understand or efficiently navigate.
Some of the most complex regulations are regarding the benefits that employees are given by their employers. In addition to simple requirements, such as time off for jury duty, voting, military service or childbirth, there are complicated rules about providing disability insurance and health benefits to workers in certain industries that are dangerous or physically taxing.
Human resources departments and executives are often at a loss to understand all of these rules and end up purchasing expensive insurance plans and benefit packages that are comprehensive enough to guarantee that they're following the letter of the law in every way. With an employee benefit adviser under contract, employers can rest easy knowing that they have clients working for them to interpret every law and find packages and plans that aren't nearly as costly.
