ChicagoHRVirtuoso

Our goal is to connect and be a resource to small business owners while offering guidance, advice, mentor relationships, industry knowledge and expert compliance support.

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Does your company have a growth strategy to help you thrive in today’s marketplace?

Posted by Melonie Boone MBA, MJ, PHR on Sunday, May 06 2012 in Business Strategy

Having a strategy or plan is critical in today’s changing market. Whether you have 5 employees or 500 you must be nimble enough to reposition yourself with every turn of the market. Over the past 5 years, we have seen complete market devastation and now a resurgence of business growth. How has your company fared this economic rollercoaster?

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Do you have sound employee documentation practices? If not it could cost you!

Posted by Melonie Boone MBA, MJ, PHR on Saturday, April 07 2012 in Compliance

Have you ever worried about an employee filing a claim against your business? The EEOC received a record 99,947 charges in 2011. Given this sharp increase in charge activity, it is more important than ever to have strong documentation of your employee relations and performance issues to protect your business.

The following discusses best practices and practical tips to protect your business with strong documentation practices.

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Are you a 401(k) plan sponsor? If so, risk personal liability for non-compliance!

Posted by Melonie Boone MBA, MJ, PHR on Monday, March 19 2012 in Compliance

As an employer or business owner, sponsoring a 401(k) plan is a great decision to support your employee’s retirement planning initiatives. However there are Fiduciary responsibilities that come with sponsoring, administering and managing a plan which can carry severe consequences for violating including personal liabilities. Changes to the Employee Retirement Income Security Act of 1974 (ERISA) means new responsibilities for plan fiduciaries.

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Do you know what employment laws apply to your business?

Posted by Melonie Boone MBA, MJ, PHR on Sunday, February 12 2012 in Compliance

I first came across this article on Twitter and had to share it with my readers. So often I speak with small business leaders about compliance issues and many of them are surprised at all of the regulations that govern even the smallest company.

Be informed to know how to protect your business, always be in compliance, and keep track of all the legistative updates. Seek counsel from a trusted advisor to ensure your business is protected.

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Can communicating effectively during a termination help you avoid a lawsuit?

Posted by Melonie Boone MBA, MJ, PHR on Sunday, January 22 2012 in Employee Relations

Losing a job is a traumatic event for most and may trigger anger, humiliation and sadness. Some employees who are otherwise calm, rational individuals may react negatively to a termination or challenge the decision. Yet, if terminations are handled appropriately and with respect for all parties involved, the process should be smooth. In addition, the employees who remain employed at the company will not feel threatened or have negative emotions towards the employer.

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