The Risks & The Numbers - Scary!

I continue to find stats that show the potential exposure companies face, just by being employers who aren't HR compliant. Here are some of the latest:

$166 million Collected in back wages for over 241,000 employees by the Wage and Hour Division in 2005 1
75,000+Equal Employment Opportunity Commission (EEOC) lawsuits filed by employees against their employers in 2005 2
$867 Human resources expenditures per employee in 2005 3
$271,600,000+Monetary benefits awarded in 2005 for lawsuits filed by the EEOC 4

1 US Department of Labor, www.dol.gov/esa/whd/statistics/200531.htm

2 EEOC, www.eeoc.gov/stats/charges.html

3 Bureau of National Affairs, HR Department Benchmarks & Analysis 2005-2006

4 EEOC, www.eeoc.gov/stats/all.html

In a nutshell - troubling numbers. Doesn't it make sense for your company's leadership to engage an HR consultant or outsourcing company that has expertise in HR compliance, so you're not part of one of these statistics in the future? You pay money even if you win, so why not get it right from the start.