Keeping up with ever-changing labor laws and regional regulations is a top priority for HR leaders. Non-compliance can lead to serious consequences like fines, lawsuits, and damage to your company’s reputation. To help businesses stay on track, members of the Forbes Human Resources Council have shared their expertise in navigating the complex landscape of global and regional labor laws.
William Stonehouse III – Key Insight: Building a Compliance Team
William Stonehouse III, President of Crawford Thomas Recruiting, emphasizes the importance of a dedicated compliance team. He explains, “HR leaders should build a strong compliance framework by having a dedicated team or legal counsel focused on regional labor laws, regularly updating policies, and using technology for real-time monitoring.” This approach allows businesses to stay adaptive to changes and ensures compliance with local laws across different regions. By collaborating with experts and maintaining open communication with employees, HR teams can effectively navigate regulatory challenges.
Top Strategies to Ensure Compliance
Aside from Stonehouse’s expert insight, other HR leaders offered valuable tips:
- Get Regular Legal Updates
Labor laws change frequently, so it’s crucial for HR teams to stay informed. Subscribing to legal newsletters and partnering with general counsel are effective ways to keep up. - Seek External Help
Specialized agencies can help small and large businesses stay compliant globally by staying abreast of legal changes. - Leverage Technology
AI-powered tools are essential for real-time tracking of labor laws and ensuring that HR operations remain compliant. - Work With a PEO
Partnering with a Professional Employer Organization (PEO) ensures your business stays compliant with local laws in various regions. - Create Legal Partnerships
Collaborating with local legal experts and building a compliance tracking system can help streamline operations and ensure ongoing compliance.
The full list of strategies includes forming partnerships with external experts, staying educated, and utilizing technology to track and update policies. Regular audits, legal accountability, and a proactive approach to learning about new laws are essential in this evolving landscape.
Why Compliance Matters for HR Leaders
Labor law compliance is a critical aspect of HR operations. Whether your business operates in a single region or globally, the consequences of non-compliance can affect your company’s growth and reputation. By following expert strategies and insights, such as those shared by William Stonehouse III of Crawford Thomas Recruiting, HR leaders can protect their organizations and maintain smooth operations.
This blog was inspired by an article from the Forbes Human Resource Council, featuring insights from William Stonehouse III of Crawford Thomas Recruiting.