Michelle Capezza Featured in “Meet the Member” ProfileFrench-American Chamber of Commerce November 21, 2019
Michelle Capezza, Member of the Firm in the Employee Benefits and Health Care & Life Sciences practices, in the firm‘s New York office, was featured in a “Meet the Member” interview with the New York Chapter of the French-American Chamber of Commerce.
Following is an excerpt:
In our latest Meet the Member Feature, we were pleased to hear from Michelle Capezza, Member of the Firm at Epstein Becker Green. A Francophile, she is pleased to be around international professionals and contribute her knowledge on employee benefits and compensation.
Keep reading to learn more about the challenges faced by today‘s employers and what they will need to consider to attract and retain workers in the future. …
FACC: Can you tell us more about your specific practice specialty? Why are you passionate about this field?
MC: I always wanted to be a lawyer and to be able to provide counsel in an area that would have great social impact. As an employee benefits and executive compensation attorney for organizations of all sizes, I am able to advise employers regarding the numerous compliance requirements for their retirement and health and welfare programs, assist them in designing communication programs for their employees in an understandable manner, advise them regarding the establishment of governance processes and their responsibilities as fiduciaries, assist teams as they navigate through benefits and compensation issues that arise in mergers and transactions, and design programs that will attract, motivate and retain talent. These efforts have a real impact on employees and their families. Now we find ourselves at a time in history when there are massive changes in the workplace-including the rise in independent workers and automation through artificial intelligence. Organizations are thinking through what combinations of people and machines will comprise their workforce now and for years to come. The worker of tomorrow will be different, and the types of benefits and compensation programs employers need to meet the changing demands of their workplaces and their workforce will evolve. I am excited to be able to bring the knowledge that I have gained over the last 23 years to this conversation and hope to be able to shape the programs of the future so that individuals continue to have important access to retirement and health and welfare programs.
FACC: Earlier this year, Epstein Becker Green and Deloitte Legal launched a strategic alliance to address global workforce management issues. In a nutshell, can you resume 3 major challenges companies are facing today? Any predictions for emerging topics that will be of even greater importance in the future?
MC: The alliance between Epstein Becker Green and Deloitte Legal will enable us, when and where needed, to provide a multidisciplinary team of business and legal professionals who can formulate comprehensive solutions to major workforce issues. There are so many challenges for employers in the current environment, but if I had to highlight three, I would note AI in the workplace, data privacy and security, and the global war on talent. Artificial Intelligence is already being used in human resources departments and there are many legal risks associated with its use—for example, using AI in the hiring process may create potential disparate impact discrimination challenges that employers must address. Also, as AI evolves, we may see displaced workers and a multitude of consequential issues that must be considered, including comprehensive severance and/or transition programs. Cybersecurity risks are continuing to evolve and employers must develop processes and procedures to be vigilant and to comply with a myriad of laws on all levels. Employee benefit plan fiduciaries must also be diligent to ensure there are processes and procedures in place to protect plan participant data and assets. Lastly, I would highlight that as the workplace changes, the war on talent will increase. Employers will need to strategically design their workplace policies, compensation and benefits programs to be an employer of choice for the workers of tomorrow.