HR Fundamentals

Protect your practice and take care of your employees.

Dedicated HR support to confidently manage and grow your business

Running your business while doing what’s best for your practice and your employees can be difficult to balance. You need to stay on top of legal requirements, establish policies, attract and retain top talent, and more — all while ensuring your clients are taken care of.

LPL Financial’s HR Fundamentals delivers HR setup and dedicated support to protect your business and your employees and free you to focus on what’s most important.

With HR Fundamentals, you get:

Everything you need to ensure compliance with state and federal laws
A professional partner who creates and maintains critical HR processes and policies for your business
A resource you can turn to for answers to your questions

"Employers with an HR professional resource experienced a 22% boost in employee performance."

Source: ADP

Why HR Fundamentals?

As your practice expands and HR laws evolve, it's crucial to align your HR and business strategies to effectively meet your goals.

Here’s how HR Fundamentals can help:

Protect Your Business

Get everything you need to ensure you’re fully compliant with state and federal laws or regulations to minimize the risk of costly fines and legal actions from not having proper HR protections.

Protect Your People

Your people are your ultimate investment in your business. By implementing hiring, onboarding, and management processes, you’re connecting your team to your values and creating a culture aligned to your growth.

Empower Your Decision-Making

Knowing your HR practices are in order and up to date creates more opportunity for you to think about how your HR practices align with your goals. Your HR specialist is available to answer your questions on how regulations impact your business, how to handle employee management scenarios — whatever is on your mind.

How it Works and Pricing:

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THE SET-UP

Getting Started

We will connect you with an HR generalist to conduct a business review session when you onboard. This session will help us create a digital assessment and comprehensive HR report so that we can develop an HR document and policy library for your practice that includes the following:

Customized policies for your business
State-by-state requirements based on where your employees are located
An employee handbook outlining key policies for your practice
An OSHA handbook
A labor law poster to post

ONGOING SUPPORT

With a Dedicated HR Specialist

A dedicated HR specialist will be provided to you to answer your questions and provide general HR support. Your specialist will monitor labor laws and update your employee handbook as regulations change. Your monthly support deliverables may include:*

Custom policies (e.g., PTO, COVID, flexible work arrangements)
Custom job descriptions for a new or open role
Pay range benchmarking for a new or open position
Performance management strategies and documentation templates to use
Specialized trainings (e.g., California workplace harassment training for managers)

A one-time set-up fee of: $1499

Ongoing subscription fee of $199 per month (min. of 12 months)

^{* Monthy deliverables are capped to 3 per month.}

Have Questions? Schedule a Consultation

FAQs

Why would I need HR services for my practice?

There are many reasons. Many advisors told us that HR is an area where “I don’t know what I don’t know,” so having an expert to answer your questions is crucial. Without an HR person to ask, many advisors said they would call their attorney instead, which could be a very expensive phone call. In addition, you could be facing key risks and fines if you don’t have certain HR practices and documents in place for your business and for your employees.

What makes HR Fundamentals different from other HR offerings?

We offer HR support tailored to the the needs of financial advisors who may only have a handful of employees. Other solutions in the market offer either generic HR advice or financial-services-related HR support but focus on companies with hundreds or thousands of employees.

How will HR Fundamentals help me meet my growth goals?

Your dedicated HR Fundamentals professional will complete key tasks and deliverables for you. Many of your growth activities have an HR element to them, whether it is hiring more staff to help grow your book or acquiring a practice and needing to integrate new staff into your team. As your strategic partner, we’ll help you align your growth objectives with strategic HR planning, so you’re prepared to grow your business in the right direction.

How does HR Fundamentals protect my business and my employees?

HR Fundamentals ensures that you’re up to date and compliant with current federal and state laws and regulations. Our HR Practice Assessment identifies areas for improvement and will create and maintain your policies, which reduces risk for your practice.

Ready to determine if HR Fundamentals is right for you?

Let's Talk

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