Final Tips for Founders & Leaders
Final Tips for Founders & Leaders on Building a Solid HR Foundation
As a business leader, setting up a solid HR foundation is crucial for long-term success. Even if you’re not ready to hire a full HR team or work with a PEO yet, there are several things you can do to lay the groundwork for an effective HR strategy.
1. Don’t Wait Until There’s a Problem to Get Compliant
Proactively building a compliant HR strategy will save you from future headaches. By addressing HR issues early, you’ll avoid costly fines, employee disputes, and operational issues.
2. Build HR Like You’re Already a 100-Employee Company
Think ahead! As your business grows, your HR needs will evolve. Start developing your HR processes, policies, and documentation now so you’re ready as you scale.
3. Keep Documentation:
Keep thorough records of job offers, handbooks, terminations, and pay policies. Proper documentation will protect you during audits or legal challenges.
4. Ask Your HR/PEO Partner to Do an HR Audit Annually
Ensure your HR processes are up-to-date with an annual audit. A professional PEO or HR consultant can help assess and improve your HR systems to keep your business compliant and efficient.
Pro Tip:
There are over 600 PEOs nationwide. Work with a PEO Broker (like us!) to get side-by-side comparisons and unbiased guidance—at no cost to your business.
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