Owning a business has a lot of perks, but those perks are accompanied by many responsibilities. For most business owners, growing your business and making a profit are top priorities, but to get there, you’ll probably need help from others.
Besides handling the typical tasks of recruiting, managing day-to-day issues, and dealing with terminations, business owners also need to be concerned about areas like diversity in employment, legislative compliance, assessing performance, and providing employees with appropriate compensation. But who is responsible for those tasks?
HR is a necessary function for any business, yet HR tasks can sometimes slip down the list of priorities when a company has no formal HR department or HR position. Many business owners understand owning and operating their business and managing the people who work for them, but rarely have a formal HR background.When it comes to handling a sexual harassment claim or properly terminating an employee, do you know exactly what needs to be done, the steps to take, and the documentation that must be in place? HR activities can be one of the most complex parts of running a business, so without an HR department or a designated HR person to oversee those responsibilities, businesses risk making serious mistakes or facing significant challenges.
Everyone could use a refresher on what to do about human resources. Download our FREE HR Fundamentals Guide, which provides a list of the basic human resources responsibilities that every business owner should know to help manage their business.
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