Ensuring that your firm complies with all government legislation is a big job—one that could occupy your HR staff on a full-time basis. Keeping up with changing legislative environments poses a challenge for most businesses, especially smaller firms that have fewer resources to spread around. Obviously, you don’t want to neglect your compliance; that could spell big trouble for you and your firm later on down the line. But you also don’t have the resources to ensure your HR staff keeps up with compliance. So what can you do? The answer is a simple one: outsource.
Some people might turn tail at the word, but outsourcing legal compliance has a number of benefits that no firm can afford to ignore. Here are just a few reasons you should consider outsourcing your legal compliance.
FREE YOUR HR STAFF
Chances are that your firm has little in the way of extra HR capacity. Your HR personnel are all busy with vital functions like payroll, administering benefits, candidate searches, or maybe administering a wellness program or working on an audit. While legal compliance is a concern for them, they mightnot have the time to dedicate to ensuring that everything your firm does is on the legal up-and-up. That’s where outsourcing becomes advantageous: You’re hiring someone to look specifically at your legal compliance, which means that task istheironly focus. With someone else looking to compliance, your HR staff are free to focus on their other tasks.
When you leave compliance to your HR staff, chances are it will fall by the wayside, with tasks left undone and put off until a later date when personnel have more time. If HR does keep up, they might be dedicating too much time to compliance and neglecting their other work. In either case, it can be tricky to strike a balance—and even when one is struck, there are often aspects of compliance that are forgotten or neglected. When audit time comes, your HR staff may suddenly need to put in a lot of extra time to get everything done. It can also cost your team extra time and effort if your firm is caught doing something that contradicts the law—even accidentally. It takes a lot from your team to do something as simple as process a backlog of forms.
When you outsource, this isn’t an issue. When things are monitored constantly and tasks are completed on a regular basis, it takes a lot less time and effort over the long run—especially when you put experts behind it.
LET THE EXPERTS WORK
Legal compliance can be tricky, and unless your HR staff are all lawyers or legal experts, it can take a lot of time and effort to be truly sure everything your firm is doing is on the right side of the law. Your staff might think they understand the implications of a new law, but there may be one clause they’ve interpreted incorrectly or glossed over. That can lead to huge legal headaches—something every firm wants to avoid.
Ensuring compliance also takes more time when the person double-checking is unsure of the letter of the law or unaware of implications. Outsourcing gives you access to expert knowledge that your staff may not have. That can save you time and money—and help you ensure that everything you do is compliant with the law.
Perhaps the biggest advantage of outsourcing your legal compliance is the money-saving aspect. Combining expert knowledge with dedicated staff, outsourcing ensures you get compliance work done correctly and on time, which can save your firm from paying out overtime wages and legal fees.
Felicia is the manager of human capital solutions at AugmentHR. With over six years of recruitment experience coupled with multi-faceted HR roles, Felicia is an expert in matching people with the right role and environment. She has worked in many different industries, including investment banking, HR consulting firms, medical, and commercial. Understanding people is one of her strengths, and she has recruited at every level, from directors, project managers, and engineers to operators and general labourers. Her ability to network and develop relationships has been a key tool to her success. With approximately two years of experience managing people and creating a positive work environment, Felicia’s diverse skill set makes her a well-rounded individual. Her business education and background help her identify different business needs and human capital solutions.