Risk Management of your Employment Practices
Risk Management for a business in relation to Human Resources and your employment practices can come in several forms, however it is an extremely important item for the business in all of its forms. A sampling of the areas pertaining to a business’s employment practices risk are:
• Recruitment, Hiring and Separation Practices
(inclusive of advertising and interviewing)
• Employee Handbooks and Policies
• Employee classification under the FLSA
• Employee Leave Management
• Employee Training
• Employee Communication
• Employee Compensation and Benefit Administration
• Proper Documentation and Record keeping
Failing to address these employment practices risks has the potential for costly fines, penalties or even litigation, all of which equate to headaches that can be avoided by implementing the steps necessary to make certain that your business is either currently in compliance, or adjustments can be made to mitigate risks and liability.
Pennies invested now to mitigate the inherent risk associated with employment practices (and peace of mind) can save your business dollars later in fines, penalties, legal or court fees (not to mention heartbreak).
Don’t risk your business simply because you don’t know what you don’t know. Instead, partner with subject matter experts who treat your business like our own and will help you protect everything you worked so hard to build.