What You Should Know About Services This Year

A Quick Guide on What to do Before Hiring Your First Employees

When your business starts to pick up and you feel the need to get assistance to run your operations, you know it is time to hire your first employees. With new individuals in the picture, you lose some level of control over your business and you require taking some steps to ensure that your business remains secure. Below are the five steps you must take to before you employ staff for your business.

First, you must consider registering your business. Registering your business is in accordance with the law and will facilitate the compliance with other requirements like tax, social security and so on. It is the foundation for your business that ensures your company’s stability as it grows.

Next, you must take business insurance covers for your company. Business insurance covers necessary for your company are numerous, but the most important insurance policies for your employees are general liability, professional insurance and workers compensation covers. The workers compensation cover takes care of medical bills and lost wages for employees who get injured or fall ill while at work.

The general liability cover protects your business from any type of claim that can be made against your company. They may include; accidents, injuries, claims of negligence, property damage, medical expenses, libel, slander, legal costs, and faulty products. The professional insurance cover protects your business from lawsuits that may claim that your employees were ignorant in providing professional services, made errors or omissions.

Another essential for your preparation for your first employees is a training program that educates them on how they ought to do their work and the safety measures they must take while on duty. This will help you reduce the types of risks that the necessary insurance covers cater for. Make sure that you keep a file for their training records and include signed sheets for each training module completed. This is proof that you have trained them and you can use it to save yourself whenever appropriate.

Draft an employee’s contract before hiring. Giving an employee a contract is important because it outlines the terms and conditions of their employment, their responsibilities, and their rights. It is great document for the both of you because it ensures compliance with all set guidelines.

When hiring your first employees, make sure that you get a competent team. This is important because your interest will be growing your company and having people that know what they need to do allows you time to focus on other things. Knowledgeable staff also give their input where necessary to help improve a business. Make sure that they understand your principles and objectives to ensure that you all work towards the same thing.

Finally, acquire a pay stub for their payments. A pay stub is necessary to explain the particulars of an employee’s salary and helps you to keep records for their payments. It is also proof that you pay your staff and show what you pay for.