Mike started his business with three friends doing what he loves …Finance! From doing what he loved, he turned his business into a multi-million dollar company extending his interests into real estate. The business subsequently grew from three friends to over 100 employees across various locations. With this rapid growth came the challenges of employee confusion about polices and processes; pay inequity; and more! Mike now begs for help from a Human Resource expert.
The Advantage of a HR Professional is to interpret specific employment laws. At its simplest level, if an employer has 15 Full Time employees it is covered by Title VII of the civil rights act; the American with Disabilities act (ADA) and the Genetic information nondiscrimination act (GINA). Expand to 20 Full-Time employees, the Age Discrimination in employment act (ADEA), and COBRA protections comes into play. Further growth to 50 Full Time employees, enter the Family & Medical leave act (FMLA).
This can be a lot for a growing small or medium sized business. It may not necessarily mean hiring a full time HR, but at least help from an external HR Consultant.
Signs that a business needs Human Resource help:
- An inability to find workers needed in a timely fashion during the recruitment process;
- Employee confusion about policies & processes;
- Rising pay inequality issues that need to be addressed.
One bad hire can cost a company more than $50,000 p.a., not to mention the potential challenges with employee morale.
A good HR Professional can help reduce risk and streamline practices. A Cost benefit analysis will help to decide if the time is right for hiring HR support.
If you’re a growing business with 15 or more employees, Don’t Go it Alone; CALL us, we are here to help.
Tel: 954.495.1644. Email: email@example.com