Ready or Not, Here it Comes, But...: Will Y2K Leave a Host of HR Glitches Behind?
In: Compensation and benefits review, Band 31, Heft 3, S. 31-33
ISSN: 1552-3837
Within your company's HR department, potential Y2K landmines may be waiting to explode. Anything and everything from payroll and the recording of stock options to healthcare eligibility and records of 401(k) contributions could be affected by the infamous and impending millennial computer glitches. Are you prepared to avert potential catastrophe? The authors list the types of glitches in HR systems that might open a company to employee lawsuits and what HR directors can do ensure, as far as possible, that both internal and external human resources systems are Y2K compliant. The authors add that companies cannot rely on insurance to protect them against Y2K failures. Therefore, they must document their HR compliance efforts and develop contingency plans for dealing with unforeseen Y2K problems.