HR End of Year Checklist | ChecklistComplete

Details for HR End of Year Checklist

1. Payroll reconciliation:

This involves double-checking payroll records to ensure accuracy, reconciling any discrepancies, and making necessary adjustments.

2. Employee performance reviews:

Conduct thorough performance evaluations for all employees, provide feedback, and set objectives for the coming year.

3. Benefits review and updates:

Review employee benefit plans, make any necessary changes, and communicate updates to your workforce.

4. Tax form distribution (W-2s, 1099s, etc.):

Prepare and distribute tax forms to employees and contractors by the required deadlines.

5. Compliance audits:

Ensure your company complies with all relevant labor laws, regulations, and industry-specific standards.

6. Vacation and PTO balance tracking:

Verify and record employee vacation and paid time off balances, and communicate any "use it or lose it" policies.

7. Employee handbook review:

Review and update your employee handbook to reflect any policy changes or legal updates.

8. Health and safety assessments:

Perform safety inspections and assessments to identify and address any workplace hazards.

9. Employee satisfaction surveys:

Gather feedback from employees to gauge their satisfaction, identify areas for improvement, and plan for a better work environment.

10. Goal setting for the upcoming year:

Goal setting for the upcoming year: Collaborate with employees to set clear, measurable goals for personal and professional development.

FAQ for HR End of Year Checklist

1. How often should I update the employee handbook?

Employee handbooks should be reviewed annually or whenever there are significant policy changes or legal updates.

2. What should I do if an employee's tax form is incorrect?

Correct any errors promptly and provide the employee with a corrected form. Notify the appropriate tax authorities as necessary.

3. Can I change employee benefits mid-year?

Generally, it's best to make benefit changes during open enrollment periods. However, certain life events, such as marriage or the birth of a child, may trigger mid-year changes.

4. What's the purpose of conducting employee satisfaction surveys?

Employee satisfaction surveys help gauge overall employee happiness, identify areas for improvement, and foster a positive workplace culture.

5. How can I ensure compliance with labor laws and regulations?

Stay informed about legal updates, maintain thorough records, and consider consulting legal or HR professionals for guidance.

In Summary

The HR End of Year Checklist is a crucial tool for ensuring that all HR-related tasks are efficiently completed as the year comes to a close. From payroll reconciliation to goal setting for the upcoming year, this checklist covers a wide range of essential responsibilities that HR departments must address. By following these steps and proactively answering common questions, you can help your organization transition into the new year seamlessly while maintaining compliance and employee satisfaction.