As soon as you hire your first employee, you need HR knowledge. As the number of employees at your company grows, you’ll need a whole HR team. That may sound ridiculous to a business leader looking to save on costs: After all, if you have 50 employees under your roof, it makes no sense to have five HR people running around, does it? But believe it or not, you really do need all areas of human resources covered as your company grows, even if you’re miles away from the enterprise level. Let’s investigate how a full HR department can positively impact your business, as well as look at creative ways to form that HR team — even if you can’t afford to hire an HR generalist.
Did you know that you can’t dock the pay of an exempt employee? Did you know that, if an employee complains to you that she has chronic migraines and you don’t offer FMLA coverage, you could be held liable (if you have 50 or more employees)? Did you know that you can’t offer comp time in lieu of overtime pay for a nonexempt employee? Having someone who’s on top of these laws helps protect your business from lawsuits and ensures that your employees are compensated fairly.
To keep reading, click here: Building a New HR Team Without Breaking the Bank