The compliance landscape is ever changing, and will become even more challenging over time. Maintaining HR compliance is a complex, but necessary task. It involves many departments, and much coordination. Without the proper process in place, a company is potentially exposed to an array of penalties, on multiple levels.
Legal Protection Options for Employers
Many organizations are now embracing the idea of outsourcing their HR functions entirely, to minimize this risk and maximize their bottom line. That said, there are many ways to stay ahead of compliance related issues, while simultaneously gaining that competitive edge.
In an age of growing employee litigation, and compensatory awards, there are steps businesses can take to navigate this maze. Familiarize yourself with the laws and regulations pertaining to healthcare, labor and employment, retirement, injury and worker’s compensation, and unemployment.
If these laws and regulations are not followed, the risk could be substantial. Obtaining sound legal advice is a critical piece of the puzzle. Having an attorney who understands not only employment law, but also your company culture, is important.
CorpStrat helps business owners stay compliant with our unique mix of HR Management Software, Guardian HR, Payroll, and Employee Benefits.
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