When it comes to human resource management for your small or medium-sized business, you may not have the capacity to bring on dedicated HR managers to take care of the interview process. You probably don’t have HR training yourself, yet you know you need some expertise to ensure you hire the right person.
Hire Knowledge Academy courses give you the HR toolkit you need to recruit, hire and onboard the right employees the first time. We know this is essential, because we have seen the actual costs of HR risks play out for businesses time and time again—that’s why we created these tools for businesses!
Common Risks to Consider Throughout Your Hiring Process
Talent acquisition can be daunting for any hiring manager, as there is a lot of pressure to make the right decision! You may end up interviewing plenty of qualified candidates that seem perfect on paper, but how do you know they will fit in with your team when it comes to who they are outside of your job description?
When you are on the search for the top candidate, here are the top HR risks to keep in mind during the screening and recruitment process:
- Workplace Culture: Find the right fit for your leadership style and team dynamic while keeping productivity, safety, and risk management in mind.
- Workplace Injury, Medical Costs, and Loss of Productivity: Workplace accidents happen, but the most proactive way to avoid them (and the associated costs) is to hire candidates who understand the importance of following proper procedures and safety protocols.
- Employment-Related Lawsuits: You need to protect your company’s people in order to protect your company’s reputation by having processes in place that make sure employees feel heard and supported. A PR Newswire study cites 37% of burnout cases stemmed from a lack of communication, feedback, and support.
- Employee Benefits: A recent study showed that 9% of employees left their jobs due to unsatisfactory benefits and another 9% due to poor well-being. A poorly communicated/executed benefits plan can quickly become an HR concern.
- Network and Data Security Risks: In today’s digital age, it is key to bring on employees that understand the intricacies of data protection and network security.
How to Avoid Common HR Risks to Protect Your Business
For those without careers in human resources, Hire Academy courses are here to guide you through the hiring process and how it works for your business. With our step-by-step process, you can build a trusted, hardworking, and valuable team that limits HR risks and saves you the time and money that accompanies them.
I have worked with many HR professionals throughout my long-standing career in the staffing and recruitment industry, so trust me when I tell you that your HR risk mitigation starts with intuitive talent management and a seamless hiring process.
Be Thorough With Your Hiring Process
As much as we all hate to see it, you will inevitably come across folks who shamelessly lie on their resume in order to pique your interest. This dishonesty can lead to the onboarding of a new hire who ends up making mistakes on the job due to a lack of experience or knowledge.
From copying the wrong person on an email to causing a serious workplace injury to themself or a coworker, hiring a dishonest employee can pose a significant HR risk to your business and staff. Be sure to include a thorough background check and reference check on your hiring process checklist to mitigate this safety risk.
Keep Regulation and Compliance Top of Mind
Many common HR risks stem from poorly communicated policies, protocols, and benefits plans. That’s why it is prudent to make sure every new hire is given all of the information they need to understand your processes fully. There are many federal regulations and HR compliance resources for human resources professionals to follow to mitigate all kinds of compliance risks, from payroll and employment standards to health and safety, human rights and inclusion, and employee exits.
Invest In High-Performing Staff and Top Candidates
As perfect as a candidate might seem from their well-written cover letter, there is always a possibility that you might end up hiring a bad employee. This is a mistake that can increase your chances of running into HR risks that could cost you time, money, and even your reputation.
By investing in the best person for the job, as well as your top-performing team members already on staff, you are actively reducing your risk of experiencing employment-related HR problems. It is proven that support, value, work/life balance, and proper compensation keep the best people on board.
When In Doubt, Get the HR Training Designed for Businesses
If you are concerned about mitigating HR risks for your business, get in touch with me today to learn more about how the hiring process works and the number of valuable HR online courses you can take to master your hiring process!
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