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When Politics and Regulations Affect Small Business
...but as small business regulations change, staying on top of politics becomes a key concern. Fines for non-compliance can affect both startups and other
With the volatility and uncertainty of today's political arena, small businesses owners want to know how new and potential regulations will affect the way they manage their employees. If you are a current Stratus.hr client, rest assured everything will be communicated and managed as we closely watch the new laws and their impact to your business.
Healthcare reforms and the effect on small business
Healthcare reform and the repeal of Obamacare in some capacity will have a multifaceted effect on businesses. It will likely impact HR, payroll, hiring and retention, turnover costs, and overall labor costs. The term “business as usual” will have a different look and feel for each employer, and creating simplicity in one form of employment may make things more complex in another.
Ensuring compliance with new regulations and laws
Working with a PEO like Stratus.hr ensures a business is aware of and remains in compliance with employee- and management-related regulations and laws. Internal resources can remain on the company’s critical objectives while Stratus.hr manages the impact of the changes on their business. According to Stratus.hr President, Michelyn Farnsworth, “We help clients formulate a ‘best practices’ approach for an overall strategy moving forward, meaning they don’t have to manage everything themselves.”
If you are not currently a Stratus.hr client, we encourage you to learn more and discover if our services may be the peace of mind you need in such a volatile environment. As Farnsworth notes, “Change is coming. Utilizing Stratus.hr's services is the next best thing to having a security blanket for the unforeseen future.”
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