Small companies play an important role in the economy, employing millions of people across the country. While they may not have the same resources as larger corporations, small companies still have an obligation to comply with employment laws and regulations. One area where compliance is particularly important is in tracking employee leave. In this blog, we will discuss the importance of small companies using a PTO Tracker or Vacation Tracker to start the process for compliance as they are under the same laws as large corporations.
- Legal Compliance: Small companies are subject to the same employment laws and regulations as larger corporations. This includes federal and state leave laws such as the Family and Medical Leave Act (FMLA) and the California Family Rights Act (CFRA). By using a PTO Tracker and adding FMLA and CFRA as Leave Types while tracking employee leave, small companies can ensure that they are complying with these laws and avoiding potential legal issues. You can then report on all leave Weekly, Monthly or Annual Leave Types while using the Department of Labor Forms to ensure you are staying compliant without having the budget of a larger corporation.
- Risk Management: PTO Tracking employee leave can also help small companies manage risk. When employees take leave, it can impact the productivity of the company and potentially affect client or customer relationships. By tracking leave, small companies can plan for staffing needs and mitigate potential risks.
- Employee Relations: Tracking leave can also help small companies maintain positive employee relations. By being transparent and consistent in how leave requests are handled, small companies can help employees feel valued and supported. This can contribute to a positive work environment and improve employee retention.
- Competitive Advantage: Small companies that track employee leave can also gain a competitive advantage. By complying with employment laws and regulations, small companies can differentiate themselves from competitors and position themselves as desirable employers. This can help attract and retain top talent.
In conclusion, small companies have an obligation to comply with employment laws and regulations, including those related to employee leave. By tracking leave, small companies can ensure legal compliance, manage risk, maintain positive employee relations, ensure payroll compliance, and gain a competitive advantage. While small companies may not have the same resources as larger corporations, they can still prioritize compliance and reap the benefits of doing so.
Planleave provides the ability for small companies to track FMLA, CFRA or any state, federal or country law and report on them. Try Planleave for free Planleave Free Trial and also try our ROI Calculator on replacing spreadsheets with a Vacation Tracker here ROI Calculatoremployee vacationEnglishleave managementPTO trackertrack time offvacation tracker