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17 September, 2022

How U.S. Small Biz Owners Can Avoid HR Compliance Risk At $99 A Month

B2B Focus

The cost of wrongful termination of an employee for a small business in the United States could result in hefty fines, expensive lawsuits, and even potential loss of business.

Yet, according to the U.S. Chamber of Commerce most small businesses don’t always have a human resource staff or department.

A dedicated full-time HR department is often not cost-effective for these small businesses, especially during and after the pandemic. 

Photo by Sora Shimazaki @pexels

So how do they operate?

Most small businesses either have owners or employees wearing multiple hats, including the role of HR. 

This is despite the scope of HR compliance and functions being vast.

Aside from focusing on growing their business, owners and their chosen untrained-in-HR employees have to navigate labor regulations, form HR policies, and tackle employee management, including concerns before they escalate into complaints and end up in court as wrongful termination.

Small business owners also have to spend considerable time on wage compliance, on federal, state, and local taxes.

This routine is more challenging, leaving the owners not having enough time for themselves or avoiding any slip-ups. It's a considerable risk.

Could small business owners then put their HR on autopilot and outsource the process to experts?

Allan Jones, Founder & CEO of Bambee, the first outsourced human resource compliance solution for small businesses came up with the best plan while spending time on the Venice beach with an engineer. 

"There are 5.6 million small businesses in America. They populate about 50% of the American workforce. And less than 4% of these companies have an HR Manager," Allan said during an interview recently with Nasdaq.

Bambee, Allan says, aims to solve most of the problems small businesses face, starting with the critical ones, at $99 a month!

This makes Bambee the most affordable payroll solution for small businesses.

How does Bambee offer its services at such an affordable price?

Allan says Bambee "only services companies that have less than 99 employees. Their need for the HR manager's services and time is not as demanding as a Fortune 500 company."

Today, Bambee has 10,000 subscribers and growing.

Allan and Bambee's performances have earned them the Goldman Sachs 100 Entrepreneurs of 2021, and the Forbes 2020, 2021 & 2022 Best Startup Employers in America.

As for the name Bambee, Allan says the word is reminiscent of the 1942 animated drama film Bambi and can be used as alliteration.

The Bee in it, the CEO says, reflects the way honey bees are - a perfectly harmonious workforce.

Bambee is focusing on adding this harmony found innately in the bees, to America's small businesses. If you are a small business owner, you can join Bambee here.

Note: This article was originally published on LinkedIn by this author: How U.S. Small Biz Owners Can Avoid HR Compliance Risk At $99 A Month

As per LinkedIn's viewer demographics, as on September 12, 2022 this article (newsletter) was read by: Business Owner 11%, Founder 2%, Advertising Specialist  2%, Project Manager 2%, CEO/Executive Director 2%, Business Analyst 2%, Business/Corporate Strategist 2%, Technology Manager 2%, Others 73%.

LinkedIn doesn't include demographics from organizations in this stat.

You may subscribe to my LinkedIn Newsletter titled Little about the C-Suite guys here.

If you have any queries, do ask in the comments or email, on related search terms such asfundamentals of human resource management, hr access l brands, suny hr portal, niu hr, hr brew, mypella hr, small business hr compliance, small business hr compliance checklist, hr compliance for small business, small business compliance requirements, hr requirements for small businesses, small business hr policies, what are the hr compliance, small business hr compliance and safety, small business hr compliance and security, small business hr compliance and operations, small business hr compliance and duties, small business hr compliance and clients, small business hr compliance audit checklist.

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