New Year’s Resolutions for Your Company

The start of a new year is a natural time for reflection and goal setting. While many of us focus on personal New Year’s resolutions, January is also an ideal opportunity for businesses to step back, assess what’s working, and identify areas for improvement.

At LP, we believe strong organizations are built through intentional planning, thoughtful leadership, and proactive risk management. Creating a short list of New Year’s resolutions for your company can help set the tone for a productive, compliant, and people-centered year ahead. Here are a few ideas to get you started.

Employee Training and Retention

Your people are the foundation of your business, and investing in them pays dividends well beyond the balance sheet.

• Administer employee training on topics such as diversity and inclusion, anti-harassment, and team building. For supervisors, consider training focused on performance reviews, conflict resolution, and understanding FMLA and ADA requirements.
  
• Conduct a salary survey to ensure employees are compensated in line with industry standards and market expectations.
  
• Improve employee retention by implementing exit interviews to better understand why employees leave—and use that feedback to make meaningful improvements.
  
• Review and refresh your performance review process to ensure it supports growth, clarity, and accountability.

Recruiting and Onboarding

Hiring the right people—and setting them up for success—starts long before day one.

• Review and update job descriptions to ensure they accurately reflect roles, responsibilities, and expectations.
  
• Enhance your onboarding process by asking both new and long-tenured employees what would have been helpful during their first few months. Small adjustments can make a big difference in engagement and retention.

Compliance and Organization

Staying organized and compliant reduces risk and allows leaders to focus on running the business.

• Audit FLSA classifications to ensure employees are properly classified as exempt or nonexempt.
  
• Organize paper documents in accordance with record retention guidelines, and consider implementing paperless systems where appropriate.
  
• Review and analyze your employee handbook to ensure it reflects current practices and regulations.
  
• Examine federal and state employment posters to confirm they are current and properly displayed.
  

Strong businesses don’t just react—they plan ahead. If you have questions or would like support executing your company’s New Year’s resolutions, the LP Insurance Services HR Consulting Team is here to help. From compliance and training to strategic HR guidance, we partner with businesses to help them operate with confidence and build for the future.