FTC Group
Human Resources
Human Resources contributes to your organization by minimizing legal liability and by protecting your company's most important asset-people.
Without good employees, the best business plan and ideas will fail. The most important thing in any business is the people. For that reason, human resources is extremely important in helping your business reach it's full potential. By aiding in hiring, training, performance development plans, corrective action and terminations, human resources can help you achieve your company goals.
In addition, human resources plays a key role in ensuring that your company is complying with ever changing employment laws. The cost of noncompliance can destroy your organization. The U.S. Equal Employment Opportunity Commission recently reported that for fiscal year 2010, it received nearly 100,000 new private sector charges of employment discrimination. This is the most ever in the agency's 45-year history and a 7.2% increase over the number of charges filed in 2009. A recent study finds the average payout on an employee-related claim is approximately $180,000. HR can assist you in avoiding such charges by creating procedures and policies and by helping you interpret current laws.