Hiring Challenges in the Beauty Industry
Hiring is never a dull moment. Attracting new talent can be a challenge, especially when you’re in a competitive field like beauty and fashion. Your business is also competing for the same talent pool as other retail outlets in your area, and as such you have to find ways to offer perks that will appeal to the applicants you want to attract. Unfortunately, changes to health care regulations such as the Affordable Care Act (ACA) can limit what you can offer prospective employees. According to some reports, the current regulations have made hiring for many small to medium-sized businesses in the beauty industry difficult in the past year.
Healthcare regulations affect everyone in the United States. As an employer who operates a small to medium-sized beauty industry business, it’s important to obtain and maintain appropriate professional advice from a certified accountant and/or human resource consultant in order to avoid the pitfalls that come with not knowing how to navigate the applicable regulations. It’s also important to know how the regulation will affect your bottom line. How will offering affordable health care, or paying the penalties if you don’t offer insurance, effect your budget? Sometimes staying competitive means offering perks such as additional perks, especially when your competitors are making similar offers that their employees may not want or need.
On a larger scale, you have to consider how their opportunities for positive changes in your business and its practices could enhance employee satisfaction and retention rates. Would a shift in your benefits package mean that an employee might stay with you for another year? If so, what does that mean for your business in terms of profit? There are other considerations when it comes to making sense of the healthcare rules. Employee health and wellness are notable issues for any employer, and while the affordable health care act rehire rules may have a direct impact on where your employees are able to access coverage, a healthy employee is a happy employee.
If possible, employers may want to capitalize on programs that encourage their employees to lead healthier lives. These types of suggestions can help you avoid the potential challenges that you face as a small to medium size beauty industry business owner. However, staying ahead of the challenges means staying aware of all the regulations you may have to face. There are different rules. For example, the ACA rehire rules are different than the ones you’ll see in other industries. However, the rules do vary widely, and each industry is a little different. You will need to familiarize yourself with the relevant rehire rules if you want to ensure that your business is in compliance as you begin to hire new employees. If you run a beauty establishment, make sure you take time to examine the rules, and how they impact the work you do or how you plan to hire in the near future.
