153 days ago
Making money and staying in business require the same diligence, whether the economy is booming or in the death-grip of a recession. Staying in business, and even thriving, requires that businesses make money, save money, and grow. Sounds simple enough.
The WOTC tax credit can save you up to $9000 per year for each qualified new hire you make. So why aren't you taking advantage of it? Here's a few things to consider when you decide whether you want to manage it internally or outsource it.
Most pay raises are attached to a performance review -- so how do you get the best out of that performance review if you're the person conducting the appraisal? These are ten tips for how to approach a performance assessment so that both you and the employee on the receiving end feel good about the process.
Do you want to get sued just because you said, "you have a great accent, where are you from" to a potential employee? Or because you asked a candidate in a wheelchair how they lost the use of their legs? The law provides equal opportunity protection for everyone, and prohibits discrimination in the workplace for people who fall into specific protected classes. When you're hiring and interviewing, you need to phrase your questions carefully.
When you hear the words "turnover" and "churn" do your thoughts turn to chilly fall evenings with fresh-baked apple-filled pastries and a big scoop of ice-cream? Or do the words give you a staffing headache? A lot of small-business owners make the mistake of not interviewing to hire once. They don't know it, but their hiring practises mean that they have to go through the hiring cycle a couple of times before they find someone that is the rght fit for the job, and will stick around.
People lie in interviews. It's a fact, get over it. Sometimes they're small lies, like stretching the truth of what their experience is. Sometimes it's a big lie, like why they left their old job. Either way, as an employer, you want to be able to predict how a new hire will fit into your company, and the past is the best way to figure that out.
How do you process payroll for your employees? Almost nothing will sink the morale of your employees faster than screwing up their paychecks. People on tight budgets at home usually can't afford a one or two-week disruption in pay. Here's how the process works.
When should you consider outsourcing?
We think that only a violent catastrophe could damage employee morale and job satisfaction faster than a payroll problem. A substantial portion of the workforce lives paycheck-to-paycheck. Disrupt a pay cycle for more than a week, in the wrong week and many people would lose their home. No pressure, boss.
In Startup Boardroom's Day Ten, HR outsourcing leader Bruce Silver answers our question, " The question posed this month by the Startup Boardroom is “What is the worst business decision you see small business people make," by reminding us that no man or woman is an island.
