risk management

HUMAN RESOURCE FUNDAMENTALS

by Jeanmarie Tenuto

 

For small, medium and large companies, having the fundamental basics HR processes and tools established is essential in today’s business environment. In business operations, human resources and compliance related tasks can be easily pushed to the next day if authority, concentration and accountability is not given to these obligations set by government regulatory bodies. If left ignored, small business owners as with their counterparts at medium and large companies risk fines, lawsuits, decreased productivity, potentially damaged brands and a lack of organizational structure.

According to a recently published report from ADP Top 5 Essentials for Small Business (www.apd.com/Top5HRessentials), issues related to specific human resource regulation and compliance can be simply addressed with specific processes and procedures. Here are a few issues that can be avoided or risk reduced if some basic Human Resource rules are followed:

 

RISK MANAGEMENT ISSUES FOR NON-COMPLIANCE HUMAN RESOURCE COMPLIANCE
Wages issues According to United States of Labor eLaw – Fair Labor Standards Act Advisor “Up to $1,000 per violation for employers who willfully or repeatedly violate minimum wage or overtime pay requirements.” Learn, know and follow Federal, State, regional and local human resource compliance regulations.For education, please contact your local NJSBDC office.
The Policies and Procedures Guidelines Approximately 73% of employees between the ages of 18 to 35, reported spending time inappropriately at work each day. Forbes.com Design, update and keep current your company’s Policy & Employee Handbook. Make certain each employee has read it and has access to a current copy.For education, please contact your local NJSBDC office.
Performance Management 71% of U.S. Workers are not engaged” or are “actively disengaged” in their work and are “less likely to be productive.” www.gallup.com By maintaining proper performance management measurement tools, communications and management of expectations can be aligned with each and every employee.For education, please contact your local NJSBDC office.
Effective Hiring Nearly 7 out of 10 businesses are affected by a bad hire, according to career Builder Survey. Effective hiring practices takes planning, forethought, experience, values alignment and end game planning.For education, please contact your local NJSBDC office.
Recordkeeping & Retention After a Department of Labor investigation, “A Knoxville, Tennessee restaurant agreed to pay $29,061 in back wages for violations of the Fair Labor Standards Act’s minimum wage, overtime pay and recordkeeping provisions.” Be prepared for audits by maintaining a formal record keeping system.For education, please contact your local NJSBDC office.

 

http://www.adp.com/~/media/Accountant/docs/SBS_5_HR_Essentials_Infographic_Static_Rev5Final.ashx


Business Continuity Conference | Tuesday, July 14, 2015 @ 8:30am – 2:00pm

 

 

2015 Business Continuity Conference

Hosted by the NJSBDC at Rutgers Newark

Tuesday, July 14, 2015 | 8:30am – 2:00pm

 

Business disruptions are a way of life.

We have the answer for it.

 

Cedar Hill Golf & Country Club

100 Walnut Street   Livingston, NJ 07039

 

 

 

 


 

Thank you for making this event such a success!

WE HAVE MAXIMIZED REGISTRATION FOR THIS EVENT.

REGISTRATION IS NOW CLOSED!

 

Questions/ Comments:

NJSBDC at Rutgers – Newark

973.353.5950  |  rnsbdc@newark.rutgers.edu


 

 

Event Description:

Since Hurricane Sandy hit New Jersey talking about Disaster preparedness was trending! But are you focused on Business continuity? Disaster preparedness usually leads you to emergency planning of what to do during the disaster event. We want You – the Business Owner – to be thinking long term in terms of how you keep your business going once the disaster moments have passed and you are left to pick up the pieces. This is a paradigm shift. In our counseling of small businesses for the past 3 years after Hurricane Sandy, we discovered that many companies were not prepared enough. For example, many were able to account for physical injury to the business, but economic injury left them crippled for month and in some cases years. We also learned that not only did the disaster affect their business it adversely disrupted their personal lives too!

The America’s SBDC at Rutgers-Newark 2015 Business Continuity Conference will give you 360O strategies and action plans to help you and your business remain operational during and after any emergency due to weather, fire, terrorist and/or cyber-attacks or even the loss of a key decision maker in the business. We will have expert presenters on recovery and continuity topics such as:

  1. Operations Continuity
  2. Technology & Data Management
  3. Recovery Teams & Crisis Management
  4. Risk Management
  5. Communication Planning
  6. Employees & Human Capital
  7. Supply Chain Continuity
  8. Safety, Testing & Maintenance
  9. Assessing both Economic & Physical injury
  10. Are you REALLY covered? Insurance Considerations.

Agenda: 2015 Business Continuity Conference – July 14 2015 (tentative)

 

Complimentary Breakfast & Buffet Lunch will be served.

Only pre-registered attendees will be allowed in the conference.


Request Consulting from NJSBDC!