Do you use a CPA to manage your accounting and bookkeeping processes? If you do, you have likely realized a significant time savings since outsourcing those time-consuming activities. With your new-found freedom, maybe you are spending more valuable time with family or focusing on your mental and physical wellbeing by spending extra time exercising and decompressing, or maybe you have the opportunity to devote more energy to the next project for your business. Imagine if you could get back even more hours in your day by increasing the efficiency of your human resource department.
How much time do you spend recruiting, onboarding, and training new employees? What are your employee engagement measures and are they working? What is your employee retention rate? How much time is spent managing your employee benefits program? Is your employee handbook up-to-date? The many and varied HR functions can be complicated and overwhelming, and the unknown cost of non-compliance can range from hundreds to millions. Partnering with a professional human resource advisor can not only give you back some of those missing hours in your day and minimize your risk for potential fines and penalties for non-compliance, but most importantly, it will also give you peace of mind knowing that your HR practices are sound and aligned with your organizational mission, vision, and values.
Non-compliance in these 5 HR areas has the most likely potential to negatively impact your business today: Form I-9, Affordable Care Act (ACA), COBRA, Americans with Disabilities Act (ADA), and Fair Labor Standards Act (FLSA). While these are top of the list, they are just a few of the many laws and regulations governing the employer-employee relationship. The recent Covid-19 pandemic is an example of how that relationship continues to evolve in the everchanging landscape of human resources. It can be complicated and difficult to maintain compliance, keeping policies and procedures updated, when considering the consistent inconsistency with which federal, state, and local laws and regulations are appealed, created, overturned, and revised. How confident are you that your current HR program is properly protecting your business from threats such as labor law violations, forms compliance, and costly, potentially damaging employee lawsuits?
Whether your answer to the question above is “very confident” or “not confident at all”, working with an experienced, skilled, and trusted Human Resource Advisor to review your current state will no doubt reveal some areas of opportunity for improvement. No one wants to lose sleep over possible gaps and oversights in government regulated employment areas. Assuredness in the fairness and legality of your company’s HR practices not only gives you peace of mind about its integrity and ability to minimize certain risks, but it also provides a solid foundation for which to recruit, hire, train, and retain the right talent for your business.
Just as developing a value-based relationship with your CPA has proven to be exponentially beneficial, choosing the right professional human resources partner can add value to your internal framework by streamlining your related processes, minimizing your risk of non-compliance, and ensuring your HR initiatives are in alignment with your company’s current and future goals. CrescentHR offers a uniquely personal approach to enhancing your current process or guiding you through the development of a new one. We provide dedicated one-on-one time with an on-staff HR professional who will work with you to create a Partner Plan specific to your immediate and future needs in support of the continued growth of the business. Change is an inevitable part of growth whether it’s intentional or unexpected. Let us help you develop an HR plan for effectively managing through change and protecting the future of your business.