Taking Stock: Risk Management Insights for the Retail / Wholesale Industry
EMPLOYMENT PRACTICES LIABILITY EXPOSURES FACING RETAILERS AND RESTAURANTS
Retailers and restaurant owners routinely face discrimination, wage-and-hour, and other employment practices liability exposures involving religious preferences, disabilities, race, and age. Each can have a direct impact on your brand, image, reputation, and the bottom line.
Among the many steps retailers and restaurant owners should take to protect their businesses:
- Stay up-to-date on changes in employment practice laws and regulations, including revisions to state minimum wages.
- Know how to consult with third-party or outside legal counsel to conduct regular wage-and-hour audits.
- Understand the proper classification of all employees and independent contractors.
- Train employees regarding all of the above issues.
“Management Perspectives for Retailers and Restaurants,” explores current trends in the employment practices landscape and suggests several ways you can mitigate the risks.
Part of our Taking Stock series, the briefing covers:
- The 12 categories of discrimination, according to the Equal Employment Opportunity Commission.
- Stepped up Department of Labor enforcement actions.
- The rising cost of wage-and-hour and discrimination claims.
- Insurance and risk management solutions for reining in the risk.
For full details on reining in employment practices and wage-and-hour risks, read or download the report.