Rite Aid: Embracing Compliance with the Right Tools
Rite Aid operates in an industry characterized by a high turnover and hire rate. With over 4,500 different locations with over 95,000 employees, it can be a challenge to develop and maintain a system to help manage onboarding and unemployment compliance, while maintaining a set of procedures.
With this in mind, compliance is something Rite Aid has to embrace. It needs to be a part of the culture and integrated into their operations as new employees are hired and/or leave the organization. Rite Aid currently relies on Equifax Workforce Solutions to provide the following services: Unemployment Cost Management, Employment Verifications (The Work Number), W-2 Management, and Paperless Pay.
For example, Rite Aid leverages its relationship with Equifax Workforce Solutions to support its unemployment cost management activities and process. As a result, they currently experience a 92% unemployment compliance rate. This in turn helps reduce and minimize benefit overpayment, helping Rite Aid to better manage its employer tax rate.
Check out this brief video testimonial as Rite Aid discusses the value of its relationship with Equifax Workforce Solutions.
Denise Hondorf – Senior Director of Payroll Services at Rite Aid Corporation