Why is HR important to your business?

Human Resources management may seem complex and overwhelming for business owners. The countless regulations to be complied with, employee relations issues, hiring and retaining the right people all while managing the day to day operations of the business can sometimes seem like too much to bare.

Small businesses typically have very tight budgets and often don’t have the capacity to proactively identify and resolve compliance threats. It is important to have an HR expert on your side to help you navigate the human resources maze.

 

1. HR puts your mind at ease and gives you the freedom to grow your business. Human Resources provide an organization with the strategic advantage of having all of their people management needs met.
2. Non-Compliance with Employment Regulations will cost you money. Not having a partner who is well versed in employment and labor regulations will cost you money. Implementing processes, policies and procedures to protect your business is paramount. In today’s climate, government oversight is at an all time high and employees filing claims against businesses is increasing in astonishing numbers. The Equal Employment Opportunity Commission estimates that over 100,000 claims will be filed this year alone.
3. Recruiting and retaining top talent will make your business more productive and save money. Don’t be liable for the actions of an employee who was not properly screened. Having procedures in place to verify a candidate’s background and making sure that they will be a good fit for your business in critical. Employment sources estimates: It costs you 30-50% of the annual salary of entry-level employees, 150% of middle level employees, and up to 400% for specialized, high level employees!
4. Wage and hour law compliance is imperative. The Fair Labor Standards Act is complicated regulation that governs most compensation issues including overtime pay. When properly managed by a person who is knowledgeable of the many components, you can save your company the headache of being fined. The government is auditing businesses payroll records and catching companies who are not compliant. Failure to properly classify and pay employees results in your business paying back wages, back taxes, fees and penalties. It is estimated that 70% of businesses routinely violate wage and hour law under this act; are you one of them?
5. Protects your business and allows you to focus on what’s important, your business. Whether it’s documenting I – 9’s to validate a new hires eligibility to work in the US or employees performance issues to support terminations, a good HR advocate will free you up to focus on your business and not be weighted down with all the employment issues that arise when you hire employees. Build employee morale by having the proper policies, procedures and programs in place.

Click here to contact us today to learn more about the affordable solutions offered by Complete Concepts Consulting to meet your unique business needs!

 

About us:

 

Beginning in 2006 as an independent contractor assignment, Complete Concepts Consulting (CCC) is now a full service human resources consulting agency in Chicago, Illinois specializing in employment law compliance. Human Resources professionals Melonie Boone and Yolanda Macias, co-founders, and their team have worked in the industry for many years and specialize in providing organizations with expert employment law compliance and customized human resources management solutions. CCC offers its clients the ability to enhance business operations by utilizing affordable compliance and comprehensive human resources solutions.

CCC's team leverages its education, experience and advanced human resources strategy to meet client needs. Our key to success is offering a superior level of services paralleled by no other in an affordable fee matrix. Our fee matrix allows organizations of all sizes to benefit from total compliance and human resources management.

We specialize in small business support for Employment and Labor Law Compliance; Policy and Procedures creation and enforcement; Team Leadership and Employee Training; Recruiting; Strategic Planning; Coaching and Mentoring; Employee Retention; Payroll and Benefits Administration; Performance Management; Compensation Planning; Employee Relations; Efficiency Optimization; Process and System Improvements; Succession Planning; Relationship Management.