For many aspiring entrepreneurs, the pursuit of independence fuels their initial desire for business ownership. While serving one’s community with valuable services often sits at the heart of their motivation, achieving profit maximization and client satisfaction entails significant responsibilities. Among these lies HR compliance laws, a non-customer-facing area that holds immense power over your business’s sustainability. Failure to navigate these complex regulations through a reliable HR team exposes your company to costly non-compliance risks, potentially jeopardizing your entrepreneurial dreams.
Updated HR Laws
The year 2023 saw many changes in HR compliance regulations, demanding increased attention from businesses. One of the notable changes was the update of the U.S Citizenship and Immigration Services (USCIS) Form I-9 on August 1, 2023, which displays new verbiage and updated fields within a now shorter form. The Form also introduced alternative procedure for E-Verify employers to remotely examine employee documents.
Another update to HR compliance law in 2023 that the National Labor Relations Board (NLRB) made it necessary for employers to review and revise company policies to ensure they were not infringing upon an employee’s protected rights. Furthermore, the NLRB released its final joint employer rule in October, and it is scheduled to become effective on February 26th, 2024. The final rule makes it easier for workers to be considered employees of more than one entity.
The state level also saw a significant change to some laws pertaining to consumer privacy, minimum wages, and banning non-compete agreements. The Federal Trade Commission proposed a rule in 2023 that would ban most non-compete agreements. Final vote to be casted in April 2024.
AI’s Impact and Potential Laws
The evolution of AI and its impact at the workplace has drawn a lot of attention to law makers to implement responsible AI practices and policies into place. Employers should be expecting laws relating to data privacy and security as well as anti-discrimination laws regarding the use of AI for screening and recruiting candidates.
Importance of Having a reliable HR Partner
For small and mid-sized businesses, navigating the often-overwhelming complexity of HR compliance regulations can be a significant distraction from core operations. These intricate and ever-evolving laws call for a dedicated team of HR professionals to ensure continuous compliance, freeing employers to focus their valuable time and energy on activities that grow their business.
How UniqueHR can Assist
UniqueHR, with over 30 years of PEO experience, offers expertise in guiding client businesses through these complex legal landscapes, allowing them to operate with confidence and peace of mind.