Rich Rabin Quoted on Top Employee Handbook Mistakes by Private Equity Law Report
Contact:
Private Equity Law Report has quoted Akin Gump labor and employment partner Rich Rabin in its article “Ten Common Mistakes Fund Managers Must Avoid When Adopting or Updating Their Employee Handbooks (Part Three of Three).”
In the final installment of this three-part series, the publication delves into the top 10 mistakes advisers make when adopting or updating their employee handbooks and offers advice on how to avoid them.
Among the topics Rabin discusses:
Templates tailored to the business’s policies and procedures – “The adoption of an employee handbook in and of itself does not get the employer very far and can even be counterproductive. To receive the advantages associated with a handbook, it needs to accurately reflect policies that are in place at the adviser.”
Potential issues with using a professional employer organization’s (PEO) employee handbook – Rabin noted that, in theory, employees could become subject to the PEO’s policies rather than its own. “For example, if an employee of the adviser wants to file a harassment complaint, it could report it in accordance with the PEO’s complaint procedures,” adding that its best practice to have designated in-house personnel handle these types of issues.
Avoiding aspirational policies – “One example of an aspirational-type policy that I have periodically come across is a statement that the adviser will conduct quarterly or semi-annual performance reviews of every employee. While this may sound good, the fact is that people get busy, and those reviews may not happen in accordance with the timeline set forth in the manual.”
To read the full article, click here.
