by Rufus Wingfield III
Human Resources is one of the foremost and vital, yet daunting challenges for any startup or small business, and many midsized businesses. In addition to being the nucleus for administrating and operating the business, it is also, more times than not, the hub for meeting and maintaining regulatory compliance for safety, payroll, benefits, employment laws, etc. Most startups and small businesses fall short of the time, resources, and expertise to comprehend and comply with the everchanging HR rules, regulations and laws. A notable 52 percent of midsized companies report at least one recent incident of HR-related complaints, charges and lawsuits (“Ever-Changing Employment Laws Present Challenges for Small and Midsized Companies | HR Compliance,” n.d.). Professional HR consulting and training can help your company significantly minimize compliance risks.
Incompetence, in the form of no experience in recordkeeping, is one of the top five major causes for small business failure (“Startup Business Failure Rate by Industry – Statistic Brain,” n.d.). The measures that you take today to obtain experienced, professional recordkeeping and reporting advice will help your company stay away from possible economic and legal ramifications in the future. Hiring Braathe Enterprises to help your company navigate a possible human resources minefield is a sound business strategy, as noncompliance issues could result in a competitive disadvantage and business failure. For more information contact BE @ email@example.com.
Ever-Changing Employment Laws Present Challenges for Small and Midsized Companies | HR Compliance. (n.d.). Retrieved from https://www.adp.com/tools-and-resources/adp-research-institute/insights/insight-item-detail.aspx?id=5451C537-C2E1-44AB-9A93-140E16958B07
Startup Business Failure Rate by Industry – Statistic Brain. (n.d.). Retrieved from http://www.statisticbrain.com/startup-failure-by-industry/