NAM Documents the Impact of Federal Regulations

A new study commissioned by the National Association of Manufacturers (NAM) reveals the true cost of this administration’s labor regulations. Some of the findings include:

-$81.6 billion in compliance costs over the next 10 years

-155,700 lost jobs 

-411 million hours of paperwork

There’s no argument from us about the hours to complete paperwork.

Click on document to enlarge.

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 only the Department of Labor costs.

Read the full study here.

This blog post was originally published at pmpaspeakingofprecision.com.