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Hey y'all, welcome back! You are one week closer to opening your business and I am excited to walk with you on this journey. Today we'll discuss a topic that plagues many of us: employees. Should you hire them? Full or part time? How many? Outsource? Temp? What benefits to offer? Compensation? The list goes on and on. We'll touch briefly on each topic just to get your mind going about which direction you should take. Take it from me, you cannot be all and everything in your business. You cannot handle it all. You will need help, I encourage you to build a team that helps to elevate the stress and strain of opening a business.
When starting out, funds can be very limited and employees may not be high on your list of things to do or consider, but you should consider it early on. Before looking to hire your first employee look into your state's employment laws, programs available for first time business owners, tax credits, and workshops available to help sort through it all.
Look to your local college and universities for eager students looking to get their feet wet in their desired industries, not to mention earn college credit. Contact the department chair of your industry with your requirements and internship program specifications for distribution.
Before accepting your first intern, it is important to interview them and lay out the particulars of the program.
Outsourcing has become a way of businesses to share the load of the grunt work. Accounting, social media, copy writing, web design, marketing, visuals and other design work, collateral, and so much more can be outsourced. Websites such as Fiverr, Guru, Outsource, and even certain Facebook groups are available to assist with your daily tasks. My philosophy is, if it's outside of your wheelhouse, hire out.
Full vs. Part-Time
Here's where things get hairy and you much research your options. Start by visiting your state's employment commission or labor department to see what laws are governed in your state to ensure you are not in violation. Because of budget, most businesses opt to hire at least one part-time employee, averaging 20 or so hours a week helping in various tasks. Full-time employees are mostly added after the business becomes more stable and has the means to provide benefits, a competitive compensation package. The Department of Labor is a great source for information that covers benefits, sick leave, reporting, leave, schedules, family and medical leave.
Temp agencies can be a great option to turn towards when considering employees. If you're looking to hire help on contract or temporarily check with reputable agencies that will screen their candidates and take care of all the particulars. Also look at programs that offer jobs to veterans, single mothers, rehabilitated ex-convicts, adults with special needs, etc for assistance.
Here are some resources to consult:
Department of Labor: www.dol.gov
Interrnal Revenue Servce: www.irs.gov
Affordable Care Act: www.healthcare.gov
Small Business Administration: www.sba.gov
Meet us here again next week as we move further into Opening Your Business. If you have any questions, please reach out to us via email@example.com.