The employer needs to have access to strong HR to protect its asset’s, and capital. Not only do they need a strategy for compliance but they need one for Talent.
Not having Human Resources expertise leads to companies not being in compliance with employment law. Which exposes the organization to employment lawsuits, by mistakes in wage and hour practices. The Department of Labor has increased the number of employment audits, to catch employers not following employment law. The risk of being out of compliance is back pay, interest, and penalties to your employment cost? Studies show that employee lawsuits are what keeps the CEO up at night.
In today’s competitive market companies need a talent management strategy. It’s not just recruitment, but a holistic system that stems from the organization’s mission, values, and business plan. Talent management includes workforce planning, sourcing candidates, orientation, performance, compensation, succession planning, and more. Talent management is putting the right people with the right skills in the right positions, and it pays for itself. Employees are the employer’s most important assets.
Your organization’s growth is dependent on having an HR strategy that includes compliance and talent. You need access to Human Resources expertise so you can hire the best talent and retain it.