Are you aware that once you hire your first employee for your company you are now required to abide by 53 federal laws? This does not include any state laws applicable to your type of business based on the state the business is in.
You may not realize there were this many laws pertaining to a single employee, but you may be even more surprised to hear that there are currently a total of 74 federal laws that you may need to be compliant with depending on the number of employees in your company. Below is the breakdown of the laws you should be following. 1 – 14 employees 53 federal laws
- 15 – 19 employees 63 federal laws
- 20 – 49 employees 67 federal laws
- 50 – 99 employees 73 federal laws
- 100+ employees 74 federal laws
The job of staying current and informed on changes to these laws can be a full time job in itself. Why not let someone whose full time job it is to stay current and informed handle this part of your company for you. Outsourcing your Human Resources with the professional HR team at Custom Accounting Services would save you time and could potentially save you from penalties or lawsuits from former employees.