There are a number of ways your business could be at risk. One minute you’re generating revenue, the next you’re churning customers. Next you turn to downsizing departments and laying off employees. This, of course, leads to an increase in legal costs and challenges—a compliance nightmare. While we’re describing a worst-case scenario, the reality is running a business presents a number of different challenges.
READ MORE The Role of HR in Running a Business Risk Analysis
If your business is growing, so too should your personnel. You need committed professionals on your team who can carry your vision forward with their expertise. When you’re lacking the time and resources not only to execute your own tasks, but also to locate and hire talent to support your venture, you likely don’t have the time to research what needs to change to support your business growth strategy.
READ MORE The 3 Key Players in Business Process Development
In an article she contributed to TechTarget entitled “The CIO Guide to Overhauling Employee Morale,” Joan Indiana Rigdon writes: “Whether your [business] is reeling from layoffs or you just want to energize [your] team for projects and growth in the new year, it pays to know how to motivate. That skill doesn’t come naturally to most CIOs.” This is likely because the C-level executive has a reputation of being stretched too thin. Sometimes he or she will take on additional roles before reaching a breaking point and seeking a candidate or vendor who can share some of the responsibility.
READ MORE How to Improve Morale: 5 Methods That Have Proved Successful
Maximized productivity is one of the most desired, yet difficult tasks to master. If you’re overwhelmed with the number of tasks you’re responsible for and are losing control as a result, you’re not alone. “As many as 1 in 5 adults might be procrastinators,” says Larry Kim in a contribution to Inc. “…Whether your tendency to put things off is driven by anxiety, fear, or some other demotivator, it can be remedied.” While you may be quick to blame a lag in productivity on inefficient processes and organizational structure, there’s a misconception that motivation is purely defined by these factors alone. To maximize productivity in your workforce, human resources must focus on cultivating a culture of productivity.
READ MORE Is There a Way HR Can Boost Workforce Productivity?
If there is one thing that all human resources professionals have in common it’s having to tackle a long list of critical responsibilities, including complying with the law. Compliance, of course, should never be taken lightly. In fact, “Human resources compliance is a necessity for any business in today’s legal environment,” reports the staff at allBusiness. “Between the Fair Labor Standards Act (FLSA), OSHA, sexual harassment, and antidiscrimination laws, a business that isn’t aware of its HR responsibilities is headed for trouble.” While this responsibility often feels daunting, especially for executives already under pressure to fulfill many roles, it’s certainly not unattainable.
READ MORE Constructing a Human Resources Compliance Program
“To deliver more value, the human resources function needs to spend more time accelerating operational improvement and less time on its traditional administrative and compliance activities,” writes Brad Power in an article entitled “Focus HR on Process Improvement,” in the Harvard Business Review. While HR has always been the face of benefits, compensation, compliance and other administrative tasks, today its role comprises much more. If your business is currently lacking the time and resources it needs to scale, turn to HR.
READ MORE The Crucial Role of HR in Building Business Resources
As business owners in the early stage of growth, you may feel as though you’re under pressure to manage and streamline numerous human resources responsibilities—especially if you’re taking on a number of different roles within your organization. But from inefficient documentation processes to ever-changing laws and regulations, neglecting such responsibilities could potentially put your business at risk.
READ MORE How to Balance Human Resources Duties as a Business Owner
As organizations continue to face challenges complying with the ever-changing Patient Protection and Affordable Care Act’s requirements, they are looking for ways to alleviate the burden and streamline their compliance efforts. While we can only watch PPACA obligations evolve, there are steps you can take to maximize your business’s compliance, while also securely tracking employee records.
READ MORE PPACA Compliance and Security
According to The Wall Street Journal “…research shows that 30% of company performance is driven by leadership and management. Without HR’s focus on issues like succession planning and leadership development, the leadership pipeline significantly suffers and so likely will the company’s bottom line.” As you have heard from us before, the first step to growing human resources is to determine how the department will support growth by aligning its functions with the business’s greater growth strategy. This way HR can plan for any potential challenges or changes within the business and ultimately fulfill the role for which it was intended.
READ MORE Why HR is the First Place to Invest During Accelerated Growth
Documentation of performance issues is a critical responsibility—so why is it so often neglected? As a human resources manager, you have numerous tasks you’re responsible for to ensure your organization is operating smoothly, such as managing turnover, increasing the quality of your staff and complying with the law. Did you know, however, that you could simplify a number of those tasks if you had an efficient approach to employee documentation? Let’s take a closer look:
READ MORE Documenting Employee Issues Shouldn’t Feel Like a Chore