So what exactly does Human Resource Management (HRM) do for your practice? Do you have a plan or system to comply with government regulations on employees and establish salaries and benefits? If your answer is no or you’re not sure if you’re compliant, then you need to read on. There are numerous ways to have a thriving HR department regardless the size of your practice.

Here are 6 Tips to Establish a Competitive and Thriving HRM System

Provide Compliance

As an employer, it is your duty to comply with federal regulations for employees. Does your practice know the HR Laws that are essential to be complaint? What happens if your practice is not compliant? Do you know the legal issues that could impose fines? These are all questions to consider following the law for your staff. You can also visit the Department of Labor to get a full understanding of the laws for your practice.

Staffing Plans, Recruiting and Selecting

With good HR skills you can hire the right employee for the job. Managing your staff helps keep your practice successful and working smoothly. Your employees are your most important assets, so you need manage them well. Keep good talent in the right position and you will save the costs of retraining and rehiring. Having a solid HR policy in place will help you make good employee decisions so you have the best talent in the right places in your practice. With the right people doing the right thing, you will have a higher rate of retention, saving you money and building your reputation as a reliable employer. Set your staff up for success with good orientation and training to keep them around.

Performance and Termination Policy

Establishing HR protocols for rewarding high performers and cutting the string properly to poor performers is essential in running a smoothly operating practice. It is not easy to stay consistent and compliant at both ends of the spectrum without a proper HR management system.

Compensation and Benefits

Employers’ most expensive part of operations is usually compensation and benefits. Benefits alone can be up to 50% of payroll. It is important to establish how often salary increases for performance will be granted and at what increments so there is never any ambiguity. This needs to be part of their written contract so employees understand the full value of their benefits package and compensation.

Establishes Rules, Communication, and Consistent Record-Keeping

For the most part, the HR policy serves as a broad guideline on how to run your practice and keep all operations smooth and clear. Written policies and rules communicate clearly the functions of your practice and how you handle employee situations. Regardless if you are part of a large company or a 4-man operation, you need a company HR policy and employee handbook to form the right culture of the business. Finally, keeping records helps you document everything for the “just in case” situation when you need a paper trail for any misconduct or questioning on protocol.

Do you want your practice humming like a smooth operating machine? Look hard into your employee protocols and polices. Establish a sound HR system that makes your practice run like the business you want. Put into place your HR program today. Watch our recent webinar by HR Vet Resource to find more information that will help you manage your most valuable asset: Your Staff.

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