"Increased regulatory burden translates to more hours [worked] with no positive impact on output."
You can rephrase this sentence in several ways. One of the simplest versions of this sentence could be:
Increased regulatory burden leads to more working hours without any positive impact on output.
However, it is difficult to give a precise answer without knowing the context. One can help you after getting your requirement.
Btw, as per Oxford dictionary 'translate into something' means to convert something. Say, an increased regulatory burden converts into more working hours.