The very short answer is an emphatic “Yes!!”.
In truth, the fact that you are a small company probably means you have more need to enlist the services of an external expert, firstly because you are unlikely to have the right skills within your own staff and secondly because ‘getting it wrong’ can bring with it the kind of penalties which your business may not be able to withstand.
In some respects, smaller businesses can have the most to gain from outsourcing HR and Employment Law. There are efficiencies to be realised internally and externally with suppliers (such as those providing healthcare plans for example) and this ultimately means cost savings.
The improvement in business operation resulting from the application of effective policies and procedures creates a better workplace and therefore a better working environment for employees. It is widely recognised that the area of employee recruitment and retention is amongst the biggest challenges faced by smaller businesses and having staff who are satisfied, feel valued and protected can only increase the chances of attracting high calibre candidates and keeping the highest performers in the longer term.
Weathering the Challenges
When it comes to surviving the most challenging of times – the current COVID-19 crisis being a prime example – knowing that you are in the safe hands of a professional expert and remaining legally compliant has a value which stretches way beyond pounds and pence on the bottom line. There are factors in play that could never have been foreseen, but which will still be covered by, and find solutions within, a well-constructed, comprehensive employee handbook.
Removing the Risks
Even when ‘business as usual’ hasn’t been turned on its head, there are legal requirements to meet and official procedures to be followed, the cost of getting these wrong can be catastrophic. Employee contracts and handbooks will set out what you expect from your workers and remove any ambiguity regarding their responsibility, but more importantly they will offer invaluable protection.
Finding the Gaps
Many small businesses only discover the flaws in their internal policies and procedures when issues arise or when they are working through ‘extraneous circumstances’. Sadly, this has increasingly been the case as the implications of Coronavirus have unfolded. Employee contracts, employee rights, hiring & firing, advice on redundancy, dealing with complaints…procedures have been tested and often found lacking.
Employment Law and HR support may be needed now more than ever, but CoLaw believe that even in more conventional times, the benefit of having these areas covered by experienced professionals is invaluable. And the legal compliance and operational peace of mind does not come at significant cost. Done well – via professional and experienced experts – it can actually bring direct savings in a number of areas and introduce countless long term benefits to the business.
If you would like to see what this kind of protection could look like for your own business then visit our website at https://www.colaw.co.uk/