We often get asked what the ‘bogeyman’ will do to companies who are out of compliance! This is actually a great question.
Think of Human Resources (HR) compliance like a bicycle helmet. According to the U.S. Department of Transportation’s Fatality Analysis Reporting System, death of bicyclists has decreased by 16% since 1975. In most deaths, the most serious injuries are to the head. This highlights the importance of wearing a bicycle helmet. These reductions are linked, in part, to the increased use of bicycle helmets during this time.
Cycling has boomed during COVID-19. Riders should wear a helmet when cycling – even if it messes up their hair. While there is a low chance of getting in an accident, there is high chance of sustaining serious injuries. Wearing a helmet is an easy way to protect the rider. Having an HR audit is an easy way to protect your organization.
The Department of Labor has increased the number of auditors since 2010. The cost of being out of compliance could be painfully high. However, the cost associated with remaining in compliance are low. Paying the associated fines can be extremely frustrating when realizing how they could have been easily avoided.
A simple HR audit can help determine your risk and identify the common sources of fines/penalties. Don’t ride your bike without a helmet. Contact the Davidson Group to schedule a HR audit to avoid the ‘bogeyman’.
