Employee Checklist
When to Hire
- Identify the need
- Define the Costs:
- Workers comp, payroll taxes, increased paperwork, benefits, and training time
- Generally the cost for insurance's, taxes, and paperwork is 30% of the wage
- Example: if the wage is $7.00 per hour, it's really costing about $9.00 to have that employee
- Weigh out cost vs need:
- Check cash flow projections including all of the new expenses
- Will it be good for business?
- Does it make sense?
How to Hire
- Write a clear and concise job description
- Interview in a professional manner following legal guide lines
- Where to find good people:
- Current employees you are satisfied with, friends, relatives, schools, employment, and temporary agencies
- Hire people you look up to
- Have a training program in place before hiring
How to Attract and Keep Good People
- Create a business that is the cat's pajamas to work in
- Treat people with respect and appreciation
- Find out what motivates each employee and use appropriate incentives
- Listen, communicate, share business information, and ask for input
- Keep good records, employee files, and updated employee handbooks
Employees vs Contract Workers
- A person working solely for you is usually your employee
- An outside contractor generally is in business for themselves performing their service for more than one business. There are 20 factors the IRS considers when making the distinction between contract workers and employees.
Copyright © 2005 by Northern Initiatives
please contact info@bizinfonetwork.com with any questions or comments
(906)228-5571 ~ (800)254-2156 ~ PO Box 7009, Marquette, MI 49855
please contact info@bizinfonetwork.com with any questions or comments
(906)228-5571 ~ (800)254-2156 ~ PO Box 7009, Marquette, MI 49855