When a small business launches, there’s little need for a full-scale human resources department. But as employees are added, the workload mounts for C-level officers. They find it hard to stay on top of orientation and training; keep track of hours worked, vacations and sick days; procure and manage health insurance programs and other benefits such as flexible spending and 401(k) programs; terminate employees; and keep up with general employment.
Additionally, government regulations begin to affect small business as they grow. Among the laws that may affect businesses are the Americans with Disabilities Act (which kicks in at 15 employees), Title VII (15 employees), Age Discrimination in Employment Act (20 employees), the Family Leave and Medical Leave Act (50 employees), and the Employee Retirement Income Securities Act.
By: Layne Davlin, Vistage Member and the Founder & CEO of NetPEO