Employment laws are complex and constantly evolving, and it can be difficult for businesses to stay on top of the latest requirements. Unfortunately, even a small slip-up can be enough to leave you facing government fines and lawsuits, not to mention unhappy employees and greater turnover.
Smart HR can help your company successfully navigate compliance, giving you the peace of mind that comes from knowing you are following the relevant federal, state and local laws.
Who Should Outsource Compliance?
Outsourcing HR compliance is a good idea for small business owners who do not find it feasible to maintain internal HR staff. Whether you are not prepared to deal with the complex regulatory landscape on your own or you would rather devote your time to other efforts, outsourcing compliance is a sensible move.
At Smart HR, we can help in areas such as:
- Employee Leave, including paid family, sick and domestic violence leave and the Family Medical Leave Act (FMLA)
- The Health Insurance Portability and Accounting Act (HIPAA)
- The Coronavirus Action & Response Act (CARES)
- The Fair Labor Standards Act (FLSA) and pay practices for remote workers
- Employee notices and communications
- The Americans With Disabilities Act (ADA)
- Employee file management
- Affordable Care Act (ACA) compliance and reporting
- 1-9 form record-keeping
- Employee furloughs and layoffs, including the Worker Adjustment and Retraining Notification Act (WARN Act)
- Anti-harassment policies
- Providing mandatory offboarding notices, such as COBRA
Benefits Of Outsourcing HR Compliance
Here is a look at some of the biggest benefits of outsourcing HR compliance.
You Can Avoid Compliance Fees
When you trust HR compliance to experienced professionals, there is a reduced chance of human error. Smart HR will flag issues and fill in missing information, allowing you to avoid the hassle of keeping track of compliance deadlines and decreasing the chances you will be hit with a significant fine.
You Can Save Money On Payroll
According to the U.S. Bureau of Labor Statistics, the 2020 median pay for a human resources manager was $121,220 per year. Outsourcing, meanwhile, comes at just a fraction of the cost of hiring a full-time HR specialist. In fact, a very small business can expect to pay significantly less for these services. Outsourcing HR compliance allows you to access the expertise you need to ensure compliance, even if your budget is modest.
You Can Save Time
Understanding the complex and constantly changing requirements in HR can take a lot of time. A 2017 National Small Business Association Survey found that a third of small business owners spend more than 80 hours per year on compliance. This is a significant amount of time that could be devoted to growing your company or getting new clients.
Contact Smart HR Today
Get in touch with Smart HR today to find out how our consultants can help your organization determine if you are following local, state and federal employment laws. We will carry out onsite interviews with management and employees, perform an audit of your personnel files, and review vital HR documents. Let us help you with this important step in improving your organization’s HR function.