THANK YOU FOR SUBSCRIBING
FREMONT, CA: Employers encounter a variety of issues everyday that can have significant impacts on their business. It’s the HR related issues that are more stressful and demand the most amount of resources, especially for small and medium sized businesses.
In today's ever-changing landscape of the HR laws and regulations, a critical area of the HR that all employers must prepare for is compliance. There should be no room for error in the execution of HR compliance, and to do so, some critical issues need to be kept in mind to ensure proficient HR compliance. They are:
Diversity and Inclusion: With increasing laws and regulations focused on workplace diversity, companies need to drastically alter their recruiting and HR policies to stay afloat and comply with the strict compliance standards in place today.
Federal Laws and the Affordable Care Act: The uncertainty surrounding the significant impacts the federal law and the affordable care act have on employers and employees, especially when it comes to health insurance in the United States is high. It is necessary to maintain full compliance and be well versed in the statutory regulations of the act.
State and Local Laws: With the changes in federal laws, employers must stay updated with all the state and local updates such as:
1. Pay equity laws
2. Salary history bans
3. Minimum wage changes
4. EEO laws
5. Paid sick leave, paid parental and family leave
Employee Recruiting: Talent acquisition and recruitment is more challenging than ever, especially with the rise of passive candidates and the increasing expectation of today’s talent. It has always been a job seekers' market, and attracting talent will be much harder, especially for small and medium sized businesses. Hence, employers have to upgrade the existing recruiting strategies and identify HR software that fulfills the expectations of digitally savvy talent.
Workforce Planning and Technology: Efforts from employers are also necessary to meet the demands of their current workforce, for instance, remote working options in case of pandemic outbreaks. Technologies can help employers meet these expectations. The provision of perks, such as flexible working arrangements, work-life balance, and remote work, is more important to today's employees compared with the previous generations.
Data Security and Cybersecurity Breaches: The threats of cyber-attacks are ever present for all companies. Ensuring the protection of all sensitive information stored in the company database is a must. Offering the employees a voluntary benefits package that addresses the issue of data protection, such as LifeLock, is a valuable improvement to benefit plan. It guarantees retention and improves compliance with data protection laws.
8) Employee Leave Policies: The expansion of the leave laws have been a massive blow to most employers in several states of America. Some of the conditions have even enacted their laws at the state level to maintain compliance. These laws also require certain rights to be placed among their employees, especially in the case of paid family leaves.
See Also: Top HR Services Companies in APAC