Few industries experience continual and rapid change like the Technology sector. Whether you run a small tech firm or a startup, developing a reliable human resources (HR) foundation creates the backbone for any organization. This is especially vital for the dynamic tech industry. That’s why Oasis, a Paychex® Company, conducted this study on the HR administration challenges and opportunities faced by 150 U.S. small businesses operating in technology. We hope that you can use this study data to benchmark your company and see how your performance compares.
When it comes to compliance issues, this appears to be an area where small business owners in the technology sector could be a lot more buttoned up. Fifty-six percent of respondents said they do not have an employee handbook or manual on policies. Further, nearly one-in-four respondents (23%) do not regularly review annual changes related to labor wage, and hour and overtime rules.
What should an Employee Handbook include? The Employee Handbook should include company policies and expected standards for workplace conduct (e.g., no horseplay or practical jokes, keep workspaces clean and safe, etc.), drug and alcohol use, fire safety, sexual harassment, discrimination, vehicle use, and much more.
As an owner or manager of a small tech firm, consider:
- What is the cost of non-compliance to your business?
- Would you benefit from support to ensure rule changes and regulations are met?
- Could you outsource the development of an employee handbook or HR policy manual?
Often, managing HR administration compliance includes navigating multiple data sources, directing numerous outside vendors, and checking on various responsible parties who can potentially create costly errors, inconsistencies, lost productivity, as well as a wide variety of potential liability issues for your technology business.
Consider working with a Professional Employer Organization (PEO) to provide support and relieve some of this burden. Call Oasis® today for a no obligation, free consultation at (866) 318-5496 or visit www.OasisAdvantage.com. Or download a complimentary copy of the complete survey results here.