Employment Law(s): Part Uno

With the start of the fiscal year fast approaching, you may be budgeting to add additional staff to your workforce.   As an employer you are not only inundated with day-to-day operations but also legal compliance – “red tape.” Below are a few federal employment law(s) you may want to keep in mind while addressing issues with your present and future staff:

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High (and preventable) Cost of Turnover

Turnover occurs when the wrong person is hired and has to be replaced or employees voluntarily leave or quit working for an organization. The cost of turnover can be twice the annual salary, depending upon the position. Because human capital plays a large role in the outcome of a firm’s financial performance, turnover causes a negative impact to the organization.

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