Consumer Protection header image with blue digital background displaying a gold shield icon.

Consumer Protection

Is Your Business Compliant with Employment Laws?

A mistake many business owners make is not understanding employment law and how it affects the business. Let’s take a look at some of the most common mistakes made by business owners in regard to these laws.

Hire Appropriately

Even though you may be a smaller business, it is important that you comply with all rules and regulations regarding the questions you may ask candidates prior to hiring them. Steer away from those things that may be discriminatory in any way (e.g., how old are you).

No Paperwork

Be sure you have the paperwork necessary for each employee you hire. According to the law, employee paperwork should be completed within three days of hire. You need to make sure you audit this area regularly to avoid fines and other violation issues.

Be Safe

Take the time to regularly review the Occupational Safety and Health Administration’s (OSHA) compliance rules. No matter what size your business may be, OSHA requires that you provide a safe and hazard-free environment for your employees. Additionally, you should make sure you have written health and safety rules and that you regularly train your employees on those rules.

Keep Up with Regulations

It is your responsibility to keep up with the rules and regulations that direct your business. You cannot claim ignorance should something happen. Do you have the proper permits necessary for your business — and displayed appropriately? Do you have labor laws posted at your office? It would be a good idea to sign up for regulatory or legal updates for your industry and implement suggestions made when applicable. Additionally, you may consider hiring an attorney for your business to help you stay on track.

While these areas may seem simple, sometimes they are not top of mind when focused on creating profit or achieving the strategic goals of your business. But, staying updated is the best way to prevent any type of compliance-related legal issue or fine that could end up causing a loss to your business.

 

Sources:
1. http://quickbooks.intuit.com/r/hr-laws-and-regulation/the-dangers-of-non-compliance-for-your-business
2. http://www.businessnewsdaily.com/6509-business-labor-laws.html

visto image 1 visto image 2

IN THE NEWS

CharterBank announces the Swipe it Forward Event.

KEEP IN TOUCH

Call us 1-800-763-4444 or give us a shout on

Facebook Twitter LinkedIn YouTube

SHAREHOLDER INFORMATION

We are publicly traded on the NASDAQ under the symbol CHFN.

BANK INFORMATION

Routing Number: 261170876
NMLS Number: 171693

FDIC Equal Housing Lender
  • Copyright 2019 CharterBank. All Rights Reserved