Four Ways to Keep Your Business Secure During the Holidays
How can you keep your business secure during the holidays and avoid mishaps that could cost you millions? The holiday season is typically when companies rack up record sales. It can also be profitable for your business, providing valuable opportunities to recover from dismal sales and poor performance.
But it could also be stressful, with pandemic and staffing concerns adding to the difficulty. As a business owner, you must exercise creativity and wisdom in managing your staff to comply with labor laws. Employees’ practices liability is a serious matter, which is why you need fiduciary liability insurance to protect your business.
Tips To Keep Your Business Secure
Apart from getting the appropriate insurance, you could also focus on the following areas to ensure smooth operations and maintain business compliance during the holidays:
Overtime Management
Granting overtime during the holidays is always a tricky situation. But employers can legally require workers to put in overtime work during the holidays if doing so does not constitute a safety hazard or violates family medical leave privileges. Furthermore, employees that refuse the order to work overtime may face termination or be subject to disciplinary action. The Fair Labor Standards Act (FLSA) clearly outlines this.
Granting Time Off Privileges
Private employers aren’t legally obliged to grant time off for federal holidays, nor do they have to provide additional pay for employees that report to work during holidays. Of course, many employers offer such perks to boost morale, but they do so at their discretion.
If you can’t afford to be short-staffed, consider offering flex-time instead. It provides workers with additional personal time without compromising your holiday requirements.
Handling Holiday Celebrations
It’s easy for employers to get carried away with the festivity of the holiday season. But they also caution not to impose their beliefs and desires on company personnel.
Under the Civil Rights Act, employers may not require their workers to participate in religious traditions and practices, especially if they prefer one belief system over another. And if they allow employees to harass others without recrimination, they could be sanctioned for creating a hostile office environment.
Consideration for Other Seasonal Events
Other seasonal events could affect profitability and operation. As a business owner, there will be feasible solutions for dealing with stress, productivity, and absenteeism that will likely occur. Hopefully, the solutions you come up with will minimize disruption to your company’s operations while considering your employees’ personal needs.
Maintaining compliance is crucial for protecting your business. By focusing on the key areas discussed above, you can hopefully ensure your business’s smooth operations even after the holidays.
About Daniels Insurance, Inc.
At Daniels Insurance, Inc., we have a unique understanding of the risks that businesses like yours face on a regular basis. With the backing of our comprehensive coverages and our dedication to customer service and quick claims resolution, your business will be fully protected. For more information, contact us today at (855) 565-7616.