📅 End-of-Year Business and HR Compliance Needs: Stay Ahead of the Game! 📅
As the year draws to a close, it's crucial to ensure your business and HR practices are fully compliant with all relevant laws and regulations. Here are some key areas to focus on:
Employee Classification:
Verify that all employees are correctly classified to avoid misclassification penalties as Non-Exempt, Exempt or Independent Contractor.
Personnel Files:
Ensure that all employee files are up-to-date and accurately reflect current information. This includes any performance evaluations, disciplinary action, training and achievements over the year.
Employee Handbook:
Review and update your employee handbook to reflect any changes in company policies or legal requirements. Be sure to also notify your employees of any changes by using an acknowledgement form.
Affordable Care Act (ACA) Compliance:
Make sure your health insurance offerings comply with ACA regulations.
Payroll Documents:
Prepare and review all payroll documents to ensure accuracy and compliance with tax laws. Consult with your CPA before the end of the year.
Human Resources Information System (HRIS):
Conduct an analysis of your HRIS to ensure it meets your current and future needs.
Total Rewards:
Review compensation and benefits packages to ensure they remain competitive and compliant.
Safety and Compliance Regulations:
Ensure that your workplace safety protocols and compliance measures are up-to-date, including any OSHA required training and documentation.
Taking these steps now will help ensure a smooth transition into the new year and avoid potential compliance issues. Stay proactive and make sure your business is set for success in 2025!
If you need any HR Consultant support in these areas to ensure your business is in top order for 2025, reach out to Human Resources 911, LLC @ www.humanresources911.org
What's your HR Emergency? We Can Help!
Call 561-846-0914 for support.
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