Once you have specialist compliance employees in your organisation, you need to look after them. 🤗 How can you boost employee retention and hold on to key compliance employees? 🤔 In this article, Kohort Recruitment looks at two key things you can do to retain and grow your compliance team. #employeeretention #business #compliance #compliancerecruitment #recruitment #businessideas
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Work with executives aligning their budgetary restraints with their operational requirements when it comes to taking care of their people and being an employer.
An employee handbook is more than a tool aligning your team with the company's policies, procedures, and culture. It also protects your business from litigation. A well-constructed handbook sets clear expectations, supports HR compliance, and minimizes legal risks. I recommend this #Insperity blog to learn how to develop a handbook that reflects your business values and lays the groundwork for long-term success. #Values #Culture #HumanResources #HRThatMakesADifference #TakeCareOfYourPeople https://lnkd.in/ghiggRQW
Why are employee handbooks important? Here’s 7 reasons
insperity.com
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HR mistakes can have significant repercussions for organizations, affecting employee morale, productivity, and even legal compliance. Here are some of the most common HR mistakes organizations make: Poor Recruitment and Selection Practices: Failing to conduct thorough job analyses, relying on biased hiring criteria, or skipping background checks can result in hiring the wrong candidates. This leads to higher turnover rates, decreased team morale, and increased recruitment costs. Inadequate Onboarding Processes: Neglecting to provide comprehensive onboarding programs for new employees can hinder their integration into the organization. Without proper training and support, new hires may struggle to understand their roles, leading to decreased productivity and engagement. Lack of Performance Management: Failing to establish clear performance expectations, provide regular feedback, and conduct performance evaluations can result in subpar employee performance. This lack of accountability can demotivate high-performing employees and hinder overall organizational success. Ignoring Employee Development: Neglecting to invest in employee training and development opportunities can hinder career growth and skill advancement. This can lead to disengagement, decreased job satisfaction, and ultimately, higher turnover rates as employees seek opportunities for growth elsewhere. Poor Communication Practices: Ineffective communication between management and employees can lead to misunderstandings, conflicts, and decreased morale. Clear and transparent communication is essential for fostering trust, alignment, and collaboration within the organization. Non-Compliance with Employment Laws: Ignoring or failing to stay updated on relevant employment laws and regulations can result in costly legal consequences. From misclassifying employees to violating wage and hour laws, non-compliance poses significant risks to organizational reputation and financial stability. Ignoring Diversity and Inclusion: Neglecting diversity and inclusion initiatives can lead to a lack of diversity in the workplace, resulting in missed opportunities for innovation and creativity. Organizations that fail to foster an inclusive environment risk alienating talented individuals and limiting their potential for growth and success. Inconsistent or Inequitable HR Practices: Implementing HR policies and procedures inconsistently or unfairly can breed resentment and erode trust among employees. It's essential to ensure that HR practices are applied equitably and consistently across the organization to promote fairness and transparency. Addressing these common HR mistakes requires a proactive approach, ongoing evaluation, and a commitment to continuous improvement. By prioritizing effective HR practices, organizations can cultivate a positive work environment, enhance employee satisfaction, and drive sustainable business success.
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HR Compliance: Navigating Challenges in 2024: HR compliance isn't just about ticking boxes; it's the bedrock of a healthy and thriving workplace. By adhering to legal and ethical standards, an employer safeguards employees from harm and discrimination, fostering trust and boosting morale. This...
HR Compliance: Navigating Challenges in 2024
evilhrjobs.com
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Check out what John Baldino thinks about navigating HR compliance in 2024.
HR Compliance: Navigating Challenges in 2024: HR compliance isn't just about ticking boxes; it's the bedrock of a healthy and thriving workplace. By adhering to legal and ethical standards, an employer safeguards employees from harm and discrimination, fostering trust and boosting morale. This...
HR Compliance: Navigating Challenges in 2024
evilhrjobs.com
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🛡️ Compliance—yeah, it's that confusing, boring topic we all avoid. But it's crucial to protect your company and create a great workplace! An annual check-up can save you from legal headaches and boost your business. 💼✅ Read on to see how a quick review can make a big difference! 📊✨ #ComplianceMatters #HRCheckup #RiskManagement #WorkplaceSuccess #StayAhead #HR
The Importance of an Annual Compliance Check-Up for HR Professionals
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Audit, Compliance and Risk advisor, with global Leadership and Board experience. Former Allianz Group CAE and CCO: I share my experience of leading hundreds of audit and compliance experts Doctorate student (SDA Bocconi)
A short but interesting interview, using the example of HR compliance, about how compliance needs to be integrated into broader business and strategy, what all functions in an organisation can do to turn compliance from a reactive to a proactive process. #compliance #internalaudit https://lnkd.in/deSWxjTC
More Than a Check Box: Why Compliance Should Be an Integral Part of Company Strategy
cornerstoneondemand.com
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Read our latest article which gives insights on how to reduce employee turnover, thus increasing employee satisfaction and driving down costs. #UAEJobs #LegalJobs #ComplianceJobs #EmployeeRetention
Retaining top legal and compliance talent has become more crucial than ever. It costs up to 200% of an employee's salary to replace them, and that doesn't include things like external legal spend that increases during employee gaps. In a highly competitive market, businesses must go beyond traditional approaches to keep their best professionals engaged. In our latest article, we discuss key strategies for reducing turnover in these critical fields, from competitive compensation to fostering a positive workplace culture. If you're looking for actionable insights to build a dedicated and high-performing team, this piece is for you. https://lnkd.in/dJsX3fbY #LegalTalent #ComplianceTalent #EmployeeRetention #WorkplaceStrategy #TalentManagement
Top Strategies for Retaining Legal and Compliance Talent in 2024: How to Reduce Turnover — Collins Search
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What do you think is the best way to create a fair and transparent work environment? A. Encouraging the development of consistent and standardized HR policies and practices. B. Building a great workplace where employees feel safe and can see you as a dependable employer. C. Running an organization that follows ethical and legal standards. D. All of the above 🙋🏻♀️ That's right, D, "all of the above"! To take a deeper dive into the importance of HR compliance, read our latest blog 👇🏼 https://lnkd.in/e7Ry7n7H #CuraHR #HRCompliance #FractionalHR
The Importance of HR Compliance | Cura
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Your HR partner for startups & small businesses | Stress-free HR services, so you can focus on growth | DM me HR HELP and let's chat
As a small business owner, you're juggling a million things Sales, marketing, operations, customer service... the list goes on and on It's easy for the HR related stuff to slip down your priority list. After all, it's just paperwork, right? Wrong. The reality is that Australia's employment landscape is constantly changing. New legislation, award updates, and compliance requirements are popping up faster than you can say "Fair Work Commmmmmi" And here's the kicker.. Ignoring these changes isn't just an inconvenience. It's a ticking time bomb for your business Think about it - One wrong move could land you in a costly Fair Work claim - Underpaying employees (even accidentally) can result in hefty fines and reputational damage - Outdated ways of working can lead to low morale, high turnover, and difficulty attracting top talent So, what's the solution? Don't panic! You don't need to become an HR expert overnight. But you do need to take proactive steps to stay informed and ensure your business is compliant Here's your action plan.. - Set aside some time each month to research recent HR developments - Subscribe to reputable HR newsletters or blogs for bite-sized updates - Dust off those employee handbooks, contracts, and policies. Are they up-to-date with current laws? If not, it's time for a refresh. - Consider partnering with an HR consultant who can guide you through the changing legislation and help you create a thriving workplace culture Remember, prevention is better than cure By taking a proactive approach to HR, you'll not only protect your business from legal and financial risks, but you'll also create a more positive and productive work environment for your team Win-win! Reach out for a chat and we can point you in the right direction!
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Given the complexities of today’s regulatory environment, HR compliance is not just about avoiding legal pitfalls; it’s integral to fostering a positive workplace culture and ensuring employee well-being. For small to medium-sized businesses, staying compliant with labor laws and regulations is crucial not only for legal adherence but also for creating a supportive and efficient work environment. This week's blog explores why HR compliance extends beyond mere regulation, focusing on its impact on organizational culture, productivity, and employee well-being. Read more here: https://lnkd.in/gqHRQ2Tg #HRCompliance #HR #HumaniHR
Why HR Compliance Matters for Workplace Culture - Humani HR
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