HRfrenzy Team
An often overlooked topic that can be detrimental to a business if ignored for too long is compliance. In a nutshell, compliance is ensuring that all the rules and laws related to employment are being followed and can include everything from minimum wage to anti-discrimination policies to safety regulations.
It’s safe to assume that compliance in HR can involve a lot of different activities. It can include employers having to put up certain notices and posters in the workplace, keeping accurate records of employee hours worked and wages paid, and complying with laws related to employee benefits and workplace safety. It also includes specific laws that prohibit discrimination against employees based on things like race, gender, and disability. What makes compliance a big deal?
Being uncompliant can cause detrimental consequences or havoc on employers. If employers don’t comply with the laws and regulations, they can face legal penalties and fines, which can be really bad for their reputation and can even put them out of business. On the other hand, if employers do comply with the laws and regulations, it helps to create a fair and legal workplace where everyone is treated with respect.
If compliance is so important, how can small and medium-sized businesses (SMEs) make sure they’re doing it right?
Hire a compliance expert.
There are HR freelancers specialize in compliance and can help SMEs with the fact they offer expert consulting, help in risk management, cost-savings, help companies focus on their core business, and tend to offer the flexibility necessary. Below we go into more detail.
Expertise: Freelancers specializing in compliance know all about the laws and regulations related to employment. They can help SMEs understand what they need to do to comply and can keep them up to date on any changes to the laws and regulations.
Risk management: HR freelancers can help SMEs identify any compliance risks they might be facing. They can also perform audits of HR practices and policies to make sure everything is in compliance.
Cost savings: By outsourcing HR functions to a consultant when needed, SMEs can save money on things like legal fees, training, and administrative expenses related to compliance.
Focus on core business: Compliance can be really time-consuming, especially for SMEs that don’t have a lot of HR staff. By outsourcing compliance functions to an expert, SMEs can focus on what they do best and leave the compliance work to the experts.
Flexibility: Typically, HR freelancers that know about compliance are able to offer a lot of different services, so SMEs can choose the ones they need and scale up or down as their business changes. This can be really helpful for SMEs that are growing and need more HR functions as they expand.
It’s inarguable that compliance in HR is crucial for the survival and ultimate success of any business, and hiring an HR expert can be a great way for SMEs to make sure they’re doing everything they need to do to comply with the laws and regulations. Work with a compliance expert and your organization can save money, reduce compliance risks, and focus on their core business activities.
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