5 Small Business HR Resolutions for a Prosperous New Year

Business New Years ResolutionAs 2015 draws to a close, it’s time once again to take stock of how the year played out, both personally and professionally. Did you reach the goals you set last year? Are you satisfied with where your business stands? What would you like to do differently in the coming year? Whether your year was a smashing success or not, there are undoubtedly areas that could be improved. This year, consider adding some specific HR goals to your list of business resolutions.

Here are 4 New Year’s resolutions for small business HR managers, designed to increase your efficiency and keep your business operating at full throttle:

1. Implement a Zero Tolerance Policy for Safety Infractions

Penalties for OSHA violations can cost you thousands of dollars, not to mention the cost incurred if an employee gets injured due to a safety hazard. This year, resolve to stay up to date on workplace safety and to eliminate safety infractions, creating a safer, more efficient work environment.

2. Master ACA Requirements as They Apply to Your Business

Affordable Care Act requirements can be overwhelming, especially with 2016 deadlines approaching. Mastering the requirements and deadlines could save you thousands of dollars in fees and penalties. As the bill continues to evolve and unfold, you’ll need to keep your eyes open for any changes that could affect you.

3. Streamline Hiring Processes With More Efficient Screening Tools

Screening tools designed to help you choose the right candidates for open positions in your workforce can boost your bottom line by increasing productivity and decreasing employee turnover. Background checks, skills assessments, job simulations, video assessments, cultural fit inventories, drug screening procedures, and other screening tools can help you hire the best people for the job the first time around. But not all tools are created equal. Effective hiring practices rely on using quality tools to give you the information you need.

4. Become an Expert on Compliance

Failure to meet compliance guidelines can cripple your business. In order to grow your business, you need to know the ins and outs of EEOC requirements, I-9 compliance, FLSA wage/hour laws, workers’ compensation, form filing, and many other compliance issues. Researching and remaining up to date on compliance can take a good chunk out of your work week, but it’s vital to the success of your business.

5. Learn How to Use Analytics to Benefit My Business

Big data is the new buzzword for everything from hiring to marketing to wellness. But you don’t have to implement the latest technology to use analytics effectively. Whether you’re looking at cultural trends that will change the way you market or hiring trends that will affect your payroll, understanding how those trends affect your business can keep you at the top of your game.

It sounds like a lot doesn’t it? HR concerns can eat up hours each week for small business owners, pulling your attention away from the core competencies of your business. That’s why we’d like to suggest one more resolution for 2016:

Bonus Resolution: If I can’t keep these resolutions, I will consider hiring a PEO to deliver the expertise I need.

A PEO will handle all these tasks and more for you. As you make resolutions for growing your business in 2016, consider working with a PEO to make your job easier and keep the HR functions of your company running smoothly. When you’re ready to find a provider, our PEO matching tool can help you compare PEO services and options based on your needs.