Compliance is a critical component of human resources management and it’s important that your company stay in compliance with the latest laws and regulations concerning employer-employee relationships. Although many HR departments may put compliance on the back burner when other needs come up, it needs to be at the forefront of a human resources team’s attention in order to avoid significant penalties, lawsuits, and other negative consequences.
The Fair Labor Standards Act governs pay and overtime. While each state has different minimum wage requirements and overtime pay regulations, it’s important to understand the laws in your area so you can be certain you are paying your employees appropriately for time worked.
Equal Opportunity Compliance
When a company hires or terminates an employee, they must ensure they are in compliance with federal and state laws. It is against the law to make employment decisions based on race, age, gender, disability status, and many other protected classes. These employment decisions include hiring, firing, promotions, and salary changes to name just a few.
Health Care Compliance
With the recent changes to health care, it is more important than ever for businesses to understand their responsibilities when it comes to offering employees healthcare and what penalties companies face when they are not in compliance. Since the new laws can be confusing, many companies find that they need assistance in sorting out what is and is not required of them.
Medical Leave Compliance
The Family and Medical Leave Act allows eligible employees to take up to twelve weeks off, unpaid, for certain qualifying events such as their own illness or the illness of an immediate family member. Ensuring you have the proper paperwork on hand and that you are in compliance with the Family and Medical Leave Act is important in the event that you have an employee that needs to take this time off.
What Happens When You’re Not in Compliance?
Companies who are not in compliance with the latest human resources state and federal regulations and laws can face significant fines in the amount of thousands or hundreds of thousands of dollars, depending on how egregious the error is and the size of the company. Additionally, there are morale and productivity issues that also affect employees.
Human Resources Regulations Are Always Changing
Human resources regulations are always changing, and it can be difficult to keep up to date and ensure your company stays in compliance. At Insight Performance, we offer proactive compliance updates through our HR. Solved.SM program, which automatically sends you the latest in compliance news.
Contact us today to learn more about the role compliance has in your HR department and what you need to do to be certain that your business is meeting all of its requirements in a reasonable and affordable fashion.