What Every Company Should Do to Prepare for the New Year

December is always a hectic month for companies, but it affords the opportunity to learn from past mistakes and focus on a bright, upcoming New Year.

Here are four ways you can whip your Human Resources department in shape and be prepared to tackle the New Year.

  1. Top Performers – Stay connected and make sure that the company’s top performers and best employees are happy. Connect with employees and see what is working for them, what’s not and what could improve to help make their work environment better. Additionally, see if more lifestyle benefits, such as flexible hours or additional vacation time would ease frustrations. Don’t focus on just gaining feedback during exit interviews, but incorporate regular interviews to guarantee employee satisfaction is high, which can help reduce turnover.
  2. Policy Changes – Many state and federal laws are passed at the end of each year and become effective on January 1. Stay up to date on any upcoming changes and make sure to get everything in place to implement them starting in the New Year to avoid penalties. Your state’s Department of Labor website should list any upcoming regulation changes that may affect your business.
  3. Communicate with Management – Schedule informal meetings with managers and executives to understand the company’s big picture, which will help facilitate making sure that all departments are going in the same direction and share the same long-term goals.
  4. Performance Management – Performance reviews need to be done, and all necessary documentation should be in order. Whether your company does reviews informally on paper or files them electronically, it’s important that managers have personnel files reviewed on an annual basis to make sure nothing is missing.

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