Contrary to public opinion, not absolutely all press is good press.
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Any press is good press, right? Wrong. Some press might lead to your business to tank before you even get yourself a word in. And I’m not only discussing big companies.Nowadays, bad press could be anything from a social media post or negative customer/employee review to articles in an area newspaper, and it could affect the tiniest of smaller businesses.
There are a variety of triggers that may spur bad press. A few of the top offenders are workplace-related incidents, including labor-law violations, ethical violations or fraud. If you don’t want a rotten reputation and high penalties, avoid these workplace fiascoes just like the plague.
6 Top Mistakes New Entrepreneurs Make
Do you abide by minimum-wage law? Think about overtime laws? If you would like to adhere to the Fair Labor Standards Act (FLSA) and prevent penalties, you should. Failing woefully to pay your employees at least the minimum wage or skimping on overtime pay not merely can cost you some talented folks, nonetheless it could also lead to unwanted headlines like, “SOMEONE IN PARTICULAR Pays Workers Below Minimum Wage!” or, “SOMEONE IN PARTICULAR Forced to REPAY Thousands in Overtime Wages!”
Yikes. With regards to causing this workplace fiasco, that’s a pass from me. I don’t wish to be referred to as the cheapskate who breaks laws. In order to avoid this workplace disaster, you should keep yourself well-informed. Some employers accidentally get this to mistake by failing woefully to have a look at minimum wage or overtime laws.
Let’s focus on minimum wage. You might understand that the federal minimum wage has been consistent at $7.25 each hour for years, but that may not be the minimum wage you must follow. There’s greater than a couple of states (about 50 %, to be exact) who set an increased minimum wage than $7.25, and state minimum wage law trumps federal if it’s an increased rate, friends.
Understand that the buck doesn’t stop there. If you’re within an area with an area minimum wage that’s greater than the state or federal minimum wage, you should pay the best rate. Focus on state and local minimum-wage rates. They have a tendency to increase from year to year.
Onto the other side of the coin — overtime wages. You need to give overtime pay to any nonexempt employee who works a lot more than 40 hours in a workweek. Overtime pay is 1.5 times the worker’s regular hourly rate. And here’s where some employers enter trouble: employee misclassification. Some employers, either purposely or accidentally, classify employees as exempt if they ought to be nonexempt. An exempt employee earns above the FLSA salary threshold; is paid on an income basis; and has executive, administrative, or professional job duties that are believed exempt. If your employee doesn’t meet all three requirements , you should pay them overtime. And because of a DOL new overtime law, the salary threshold just increased for 2020 from $23,660 each year to $35,568.
Be it deliberately or accident, believe me when I say you don’t want an FLSA-related workplace fiasco gracing your business using its presence.
Employees who work 40 hours weekly spend 25 % of their lives at the job. And I bet you involve some employees who work 60-70 hour weeks every once in awhile, too. With so enough time spent at work, we owe it to your employees to cultivate a wholesome environment which makes them feel safe and sound.
To begin with, there’s no room for discrimination of any sort at work. Discriminating against your coworkers (or not doing anything when another person does) because of their race, color, religion, sex, national origin, age, disability or genetic information is banned by the Equal Employment Opportunity Commission.
Discrimination may take many forms at work, including unfair hiring practices, pay gaps, harassment, and unfair treatment. So, treat your workers fairly and equally. Create a company culture of respect, not misguided contempt.
Tax evasion. Millions in unpaid taxes. Fraud. They are words you never want connected with your business. I don’t care how smart you imagine you are, tax evasion will meet up with you. There are countless cases that prove you can’t escape with this workplace fiasco.
Because that is a summary of employee-related issues, I’m likely to concentrate on payroll-tax evasion. To briefly recap, you should withhold taxes from your own employees’s wages and contribute some taxes. Then, you’re in charge of remitting taxes to the IRS and other tax agencies.
Some employers make an effort to evade their payroll-tax responsibility by paying employees cash beneath the table. Others withhold taxes from employee wages and pocket the liability rather than remitting them to tax agencies. There were too many smaller businesses that have been turn off from failing woefully to pay payroll taxes. Avoid the complete fiasco by educating yourself on your own payroll responsibilities, using reliable payroll software and remitting collected taxes (in the event that you choose to handle it yourself).
How to proceed IF YOU ARE Getting Bad Press
Rude comments, bullying, inappropriate behaviors, threats and assault can all are categorized as the workplace-harassment category. HR-related workplace fiascoes are huge. They not merely jeopardize the health, security and safety of your workers, however they can also obliterate your employer brand in the event that you ignore the indicators.
Years back, I had a worker who threatened to take down another employee. I knew she was very serious and in addition with the capacity of causing problems, especially because she participated in cage-match fighting on the weekends. I knew I had to fire her. To take action, I made a decision to err privately of caution rather than chancing a physical altercation. (In the end, I’m not stupid enough with an impromptu cage match in the center of my office.) So, I called the neighborhood police department and asked them to escort her out of your building.
You might not manage to guarantee that altercations such as this won’t happen in your workplace, nevertheless, you could be darn sure to accomplish everything in your capacity to prevent them. Always do your homework when hiring someone. Execute a background check. Become familiar with the person. And as soon as you catch wind of a vocal