Employment laws are ever changing. Workplace lawsuits are on the rise. Fines for non-compliance can add up quickly and deplete your hard earned profits. The average lawsuit settlement is $165,000 before you pay lawyer fees; if you suffer through a jury trial when faced with litigation, it could cost you $1 Million or more.
Operating a successful business can be overwhelming and time consuming. Oftentimes, essential laws and policies are overlooked and/or applied inappropriately. However, it is imperative that business owners protect their assets by remaining compliant with local, state, and federal laws and policies.
A social media policy communicates what is appropriate for employees to post about your company to their social networks. As a general rule, they shouldn’t write anything they wouldn’t want plastered on the front page of their local newspaper, according to Small Business Association.