In small and medium-sized companies, each and every hire has the ability to influence a business in either a highly positive or damaging way. When the stakes are so high, you need to make sure you are finding the “A Players” that are going to engage in your business and drive your company’s strategy forward. While 60% of the workforce is not actively seeking new employment, they are open to exploring their options (Tweet This). So how do you find these hard-to-reach candidates when they aren’t applying for your jobs? Read the full entry
A company’s future is only as good as its employees. Raw human talent drives the success and failure of any given business, so choosing the staff best suited for your company’s goals should be your number one objective. Interns are an excellent way to cultivate the future workforce businesses—start-ups, mid-sized, and massively corporate—of any size. However, you must give the right directions and resources if you want your internship experience to be a successful one. Here are some tips to utilize your intern’s full potential. Read the full entry
Budget cuts, constant healthcare reforms, and the luring figures of Fortune 500 salaries have left many small businesses worried about attracting talent-rich employees. You need an all-star team of employees to get your startup off the ground, but how can you recruit high quality applicants (and keep them) when you can’t afford them? Money talks, right? Read the full entry
Assembling and developing a team of knowledgeable and highly competent employees to help propel your startup company into the corporate stratosphere isn’t easy. Since this team is the backbone of your company and responsible for helping you turn your idea into a reality, you should take every measure you can to ensure you have the right people for the job.
With that said, here are four tips to keep in mind when putting together your all-star team. Read the full entry
Freelancers inhabit a nebulous grey area of employment. They don’t exactly work for someone else, but most freelancers wouldn’t call themselves their ‘own boss’ either. I work with a lot of freelancers, and the most common question they ask is whether or not they should form a business. The answer, of course, is that they are already had. The minute they started selling their services as a freelancer, they started a small business – at least in the eyes of the IRS. Any income earned as a freelancer is reported as business income, and freelancers are responsible for self-employment taxes. Since freelancers are already entrepreneurs, I often recommend they treat their budding business as any other sole-proprietor would. Read the full entry
For small businesses nowadays, it’s not uncommon for many employees to work virtually; your IT manager could be in California, your sales reps could be scattered throughout the Midwest, and your marketing specialist could be in Vancouver. This approach helps small businesses increase employee productivity and creativity while decreasing discontent and complicacy.
While there are many advantages to this model, it also presents some challenges. If you can’t see what your employees are doing, it’s easy to draw the conclusion that they aren’t contributing effectively. Also, no matter how advanced your technology, sometimes face-to-face communication is just easier and more effective. Lastly, remote employees are a risk to your company’s network security. Each business is different, and it’s important to weigh the pros and cons of remote employees. However, no matter what side you’re on, one thing is clear: more people are working remotely than ever before, and the numbers are expected to increase in the future. Read the full entry
So many managers and business owners have said that their company’s most valuable asset is their people that it’s become a cliché—the good kind, that everyone knows to be true. But each employee brings his or her own set of skills and qualities to the company dynamic. This can either be a good thing, or a really, really bad thing.
Every human resources decision you make can have a ripple effect that may reach to the company’s balance sheet and beyond. Here are a few that have the biggest impact. Read the full entry
Just as every driver in every state is required to be covered by some form of car insurance, every commercial automobile should also be insured specifically to account for the unique risks a business presents. Commercial automobile insurance can protect your venture, whether you own a fleet of delivery vehicles or just occasionally use a personal vehicle to transport clients.
What’s the big deal? If there’s a wreck involving a vehicle while it’s being driven for commercial purposes, the business could be liable for the injuries and damage it causes, as well as any legal awards. That obviously could exhaust your capital in a hurry.
Related: 9 HR Basics for Any Small Business
It could get even worse if you have a home-based business and cause a wreck in your personal vehicle. Remember: Your homeowners insurance liability coverage won’t apply to anything involving your business. Read the full entry
To most entrepreneurs and small business owners, nothing can be more headache-inducing than human resources issues. However, a lot of personnel issues can be avoided if time is invested up front establishing policies and practices that will prevent claims from arising. It can be very difficult to find the time to develop these policies but you will be able to sleep better at night knowing you are protecting your business. Read the full entry
In a word – yes. In a litigious society such as the one we live in, not even a small business should go without liability coverage. Why? It’s all about risk. You might call them customers or clients or employees right now. But there’s always the scary chance you’ll have to call them plaintiffs some day – in a lawsuit against you.
Commercial liability coverage can assist you in case you find yourself in a courtroom. It can help pay for your legal defense as well as any award or settlement made in the case. Of course, different businesses operate with different risks, so you don’t necessarily want a one-size-fits-all solution. That means you should talk your coverage over with a trained, independent agent who can give you the industry perspective on your risk and how you can manage it. Read the full entry