December 1, 2022

What to Do When Hiring a Remote Employee

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As workplaces continue to evolve, more and more businesses are looking to hire remote employees. This allows for more flexibility and autonomy while also saving money for your business. If you are new to the process, there are a few things to keep in mind. 

Know How to Market the Position 

Your first step will be actually marketing your remote position. Depending on which sites you market your job listings on, there are options for listing the position as remote. For example, when using Indeed, you can list the job as “remote” or “virtual.” This is similar to many other job websites. 

In the actual listing, you should also include keywords that indicate it is a remote position. Consider what keywords people will be searching for. Many people might look for “work from home,” “telework,” “virtual,” and more. Using the right words in your listing will draw in more people. 

Do Your Due Diligence 

When looking for remote employees, it’s easy to just trust people and go forward with the hiring process. However, you want to actually take the time to get to know people and understand important information about them. Background checks can help you get to know an employee better from a distance. You can make sure you’re hiring someone reliable. 

A background check can look through work history, medical records, criminal records, etc. Even if you never meet someone in person, you want to know who you’re hiring. As part of the background check, you should request references from the potential employee and contact all those references. 

Schedule a Video Interview 

There’s only so much you can tell about someone based on their application and online communication. Before hiring someone, you should hold a video interview. This allows you to get to know them more, see their personality, and discover if they’re really right for the job. This video interview also gives the candidate a chance to ask any questions and learn more about your business. If you decide to hire them, this interview will help you form more of a connection with them so both you and the potential new employee are comfortable communicating in the future. 

Hiring a remote employee will vary slightly from hiring a traditional employee. However, the process is not difficult to understand. Take your time and make sure you have clear expectations in place as you look for the right candidates. 

Did you enjoy reading this article? Here’s more to read. How to Double Check You’re Making a Good Hiring Decision

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How to Protect Your Business From Liability

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When you run a business, you want to make sure you do everything you can to protect that business. Not only is it your livelihood, but it also represents a significant investment of time and money that you have made. While you can’t prepare for every eventuality, there are some basic steps that you can take to protect yourself and your business from liability.

Structure Your Business Properly

The structure that you choose for your business will depend on the type of business and what fits your business plan best but make sure you are taking a few things into account. As the owner of the business, you are responsible for the financial commitments your business makes, and some structures don’t do much to protect you. 

Sole proprietorships often have lower taxes, but they also open you up to unlimited personal liability, which means none of your personal assets will be protected. On the other hand, a limited liability company, or LLC, separates your personal and business assets. If your business is sued, your personal assets will be protected and vice versa. This is a big reason this is one of the most popular business structures.

Cover Your Insurance Needs

Businesses are legally required to carry a certain amount of insurance, but it may be a good idea to really look at what you need. Requirements will change depending on the size of your business and what industry you are in. At the same time, just because you have the minimum legally required coverage doesn’t mean you are adequately protected. 

If you have physical facilities, you may want to look into covering any assets stored there. Umbrella insurance is designed to supplement your basic liability coverage. This will continue to protect your business, in the case that you do end up liable for more than your business is worth. While hopefully, this will never happen, it can keep your business afloat if needed.

Keep Up to Date on Business Law

Laws can change at any point, and ignorance doesn’t really pass as a defense. It is important to keep up to date with changes in business law to make sure you are compliant with your state and federal laws. The most common laws that change are ones that deal with your employees and other HR issues. If you are unaware of a change and you aren’t compliant, you may leave yourself wide open to a lawsuit. If you have a business lawyer or HR department, they should be able to keep you compliant, but it is important to do the research yourself, so you know what is going on.

 

Liability is an unfortunate side effect of starting your own business, but you have plenty of tools to protect yourself and your hard work. Taking the proper steps can help reduce the risk and the impact that any liability can have on you. With any luck, all of your proactive steps will pay off, and it will be smooth sailing for you and your business.


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Benefits That Every Employee Demands From Employers

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In the modern world of business, you need to compete if you want to make sure that you can keep great employees. This means offering excellent benefits that set you apart from the crowd. 

When you do your best to meet the needs of your employees by offering great benefits, you can see the positives it will bring to your business as you grow and change over the years.

Paid Time Off

Most modern employees want to have a generous paid time off policy at their work. This is important because they have a life outside of the workplace, and they deserve to have free time when they need it. This paid time off can be used for vacations, sick time, or personal time. 

Try to have a generous policy that gives your employees time to get refreshed outside of the office so they can come back with increased productivity. Having separate vacation and sick pay will make it easier for your employees to keep their contagious illnesses away from the rest of the office.

Insurance Benefits

You should also provide your employees with ample insurance benefits. This will help you to protect the health of your employees and decrease the amount of time your employees will have to stay out of the office due to illness. In addition to health insurance, you should also provide dental and vision insurance. 

Dental insurance won’t pay for treatments that aren’t medically necessary. Choosing an insurance policy with an HSA can help your employees to bridge the gap on procedures that aren’t covered by insurance.

Retirement Benefits

Employees nowadays are looking to the future as they choose the jobs that they want to have long term. This means that if you aren’t offering retirement benefits it can turn many employees off of your company. This is especially true as social security benefits are declining and won’t be available in the same way to workers in the future. By providing retirement benefits, you show your employees that you value them and care about their future. Matching your employee’s contributions to their retirement account is a great way to show them how much you value their work.

When you provide your employees with good benefits, you help them to feel more connected to your business. This can also help you to forge meaningful connections with your team as you get closer to your company goals. By providing generous benefits you can set your business up for success now and in the future.

Did you enjoy reading this article? Here’s more to read. How to Avoid Critical Mistakes When Running a Business

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How to Develop the Next Generation of Workers

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The world of work is changing. With the advent of new technologies, many jobs that were once done by human beings are now being done by machines. This means that the next generation of workers will need to be trained in different skills than those who came before them. 

Here are a few ways that your business can develop the next generation of workers and prepare them for the future of work.

Visit College Campuses

As the workforce continues to evolve, businesses must adapt their recruitment strategies to attract top talent. One way to identify future leaders is to visit college campuses and connect with students who are nearing graduation. By attending career fairs, giving presentations, and hosting information sessions, businesses can give students a taste of what it’s like to work for their company. 

This is an excellent way to develop relationships with potential employees and get a sense of their skills and interests. Furthermore, it’s an opportunity for businesses to showcase their commitment to developing the next generation of workers. By taking the time to connect with students on college campuses, businesses can ensure that they are well-positioned to attract and retain the best talent.

Fund Youth Programs

There are many ways that businesses can develop the next generation of workers. One way is to fund youth programs. Youth can benefit from a mentor to help add stability to their life. These programs can provide much-needed stability and guidance for young people. They can also help them develop important life skills. 

In addition, businesses can offer internships and apprenticeships to give young people a chance to learn about the work world. And finally, businesses can develop relationships with schools and colleges to ensure that students have the opportunity to learn about the careers that they offer. By taking these steps, businesses can help to develop the next generation of workers.

Host Summer Programs

One way your business can develop the next generation of workers is to host summer programs. These programs can provide students with valuable work experience, help them develop their skills, and give them a chance to explore different career paths. By hosting a summer program, you can give students a taste of what it’s like to work in your industry and help them make the transition into the workforce. In addition, summer programs can be a great way to identify potential new employees. 

By getting to know students during their time in the program, you can get a better sense of their skills and abilities and determine whether they would be a good fit for your company. So if you’re looking for ways to develop the next generation of workers, hosting a summer program could be the perfect solution.

The world of work is constantly changing, and it requires specialized education to understand. Fostering the workers of tomorrow needs to start today. By following these strategies, your business can help to develop the employees of the future.

Did you enjoy reading this article? Here’s more to read. How Your Business Can Get More Involved With the Community

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How to Protect Yourself From a Forced Early Retirement

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Ideally, during retirement, you should be relaxed and at peace. However, if you are forced into an early retirement, you might not feel that way. Taking measures to either prevent forced retirement or prepare better for it can help protect yourself.

Diversify Your Skills

Employers are constantly looking for innovative ways to market and keep their companies relevant. If you have a very limited skill set, you probably are not as valuable as you could be to an employer. This is because you only know how to do one or a few things, so you can’t adapt and take on new responsibilities or tasks as the company and market continue to change. You should seek to diversify your skills within the bounds of your profession if you want to stay at your current job. On the other hand, you can also pick up skills outside the bounds of your profession so you have something to fall back on in case you are asked to leave your current position. 

Front Load Your Retirement Contributions

Sometimes, even if you try as hard as you can, you may still be forced into an early retirement. Not having enough retirement funds can make forced early retirement stressful and unsustainable. To avoid this problem, you should contribute significant amounts of money to your retirement funds. If you’re already maxing out a 401(k), a cash balance plan will let you put away even more money.

Stay Up to Date on Current Software

Lots of work is moving to the digital sphere. One way to stay employable, then, is to stay up to date on current software. This will help you keep a job rather than being replaced by a younger employee or a computer. If it takes you a long time to learn how to use new software, get a head start by researching which types of software are gaining popularity and learning how to use them. Repetition is key when learning new software, so dedicate regular time each day or throughout the week to learn. 

Nowadays, some people are worried about being out of work. You can avoid this problem by being proactive in your career and learning how to market yourself better. While you are putting your best efforts into your career, you should also be preparing for retirement so it is not a shock or a burden when it happens. 

Check out this article on how to avoid critical mistakes when running a business!

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