Blog Post
Avoid Costly Mistakes by Updating Your Company's Employee Handbook
The start of a new year is a perfect time to take inventory of your employee documentation. This is the time to determine if any internal operations changed over the past year.
Are you implementing new policies or procedures?
Have you kept your employees informed?
Employee handbooks are invaluable for building consistency for your brand and operations. Depending on how they are written, they may also protect an employer against employee lawsuits. They can be a very strategic risk management tool. Small enterprises earning $1 million spend approximately $20,000 annually on employee lawsuits, while Fortune 500 companies spend an estimated amount of $2 billion in settlements alone.