Businesses Are Heading For A World Without Employees

Three of the key focuses of my blog are Financial Literacy/Money, Business/Entrepreneurship, and Technology. In current times, there is a lot of talk about workers being replaced by machines and automation. This discussion is often approached from the perspective of the employees, but is seldom discussed in terms of the advantages of the employers. What are the advantages to employers? The following contributed post is entitled, Businesses Are Heading For A World Without Employees.

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At least, employees in the traditional sense of the word. Instead, there are new options for business owners that need help but don’t want the headaches that come with having a full team of workers on staff in their building.

This isn’t surprising as when you get right down to it, workers can come with a lot of problems. That’s not to say this is their fault or that they are the ones to blame. In most cases, it’s fair to say that it’s employers who are causing the brunt of the issues, but that doesn’t matter. Now that the business world is, changing employers can escape the responsibility they were once tied to. So, let’s look at some of the issues employees cause and the factors that will bring big benefits for business owners.

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Employee Headaches

There are quite a few issues that you can have with employees. Harassment claims are certainly in the spotlight right now thanks to various Hollywood scandals, and slowly but surely they are seeping into the real world too. Offices are being flooded with claims, some legitimate others not, of workers who feel they have been treated terribly. It could cost business owners horrendous amounts of money.

Or, how about injuries at work? As a business owner, it’s your responsibility to keep your office or workplace safe. Failing to do this will result in a hefty fine that yes, you will need to pay. Workers comp lawsuits are often hundreds of thousands of dollars in damages and may, in some cases reach the low millions!

There’s even the time and effort it takes to hire and fire employees to consider. You have to spend hours interviewing people, many of whom won’t be qualified enough or experienced enough for the job in question.

So, why are employees now on their way out of the business model?

Machine Learning

Yes, machine learning will almost certainly pave the way for more processes to be completed by machine and an automated workplace. This is already starting to happen, and if you’re let go next year, there’s a good chance it’s because a computer system or piece of software can now fulfil your role. Don’t worry though, everyone will be on the chopping board for this reason soon enough.

Going For The Gig

As well as this, businesses are now learning more and more towards hiring freelancers and outsourcing companies. The good news is that these outsourcing companies still need staff and it’s causing a boom in the gig industry. The bad news is that it’s allowing businesses to essentially ‘hire’ employees without offering any of the typical benefits or incentives. So basically, it’s a big win-win situation for business owners.

What Does It Mean?

For business owners, it could be the solution to perilous lawsuits. For society as a whole, we might see the introduction of a universal living wage, and it does seem like the only suitable solution as workers become less needed in far more industries.

Is Your Company Ready To Take On Employees?

Some of the key focuses of my blog are Financial Literacy/Money, Business/Entrepreneurship and Organizational and Management Discussions. A major key to running a company is knowing when additional help is needed in your workforce. If you need help, what’s the best way to approach finding it?  This contributed post is thus entitled, Is Your Company Ready To Take On Employees?

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Thinking of hiring employees to work for your company? Preparation is essential when taking on staff members. Here are a few questions to ask yourself before you take steps to hire employees that will tell you whether you are ready or not.

Can you afford to take on employees?

First of all, you need to be certain that your company can earn enough to pay your employees wages. On top of this, you need to be able to afford recruitment costs, insurance, equipment and work incentives. It’s worth getting a financial advisor to help draw up a budget so that you can decide whether you’re ready – you can always take out a loan at first to pay for recruitment costs and initial equipment.

Have you got the time?

You need to be able to dedicate time to the recruitment process such as reading resumes, conducting interviews and providing training. Make sure that you’ve made this time for yourself, otherwise you could end up rushing the process and hiring the wrong employees. You also need to be there for your employees when they’re actually working for you – nobody likes a distant boss.

Have you got the tools and equipment?

Hiring employees could mean having to hire extra equipment. Some of this could be required for admin purposes such as payroll software. Other equipment could be for your individual employees needs such as uniforms, extra tools and safety equipment. You may want to stock up on some of this beforehand, whilst uniforms may be something you want to order when you know your individual employees sizes (although you may still want to come up with a design prior to this).

Do you understand the legal requirements?

There are a lot of legal requirements to consider when hiring staff. You’ll need to first take out employer liability insurance to protect you from injury claims – this is compulsory in many countries. You’ll also want to do a risk assessment of your workplace to ensure that aspects such as fire safety and basic health and safety are met. On top of this, you’ll need a clear understanding of all the benefits you should be providing such as a pension and holiday pay. PEO companies can help when it comes to putting benefits in place. Make sure to keep up to date with your local employment laws. If you are looking for a German PEO visit globalization pedia.

Do you have the personal skills to become an employer?

You may also want to consider taking a couple courses in leadership and management. These could help you to get a firm grip of the admin required whilst also helping to develop leadership skills such as delegation, communication and motivation. You can also try reading books on leadership or simply taking advice from blogs and vlogs. You don’t need experience or qualifications to be a good leader, however educating yourself could go a long way.

Don’t Hire Your First Employee Until You’ve Considered The Following

Some of the key focuses of my blog are Financial Literacy and Money, and both Business and Entrepreneurship. A major key for any entrepreneur is properly hiring and managing new staff – two aspects that can cause any business to crash if not done correctly. This contributed post is thus entitled; Don’t Hire Your First Employee Until You’ve Considered The Following.

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One of the biggest steps that most entrepreneurs need to take is hiring their first member of staff. It’s an exciting time when it is time to consider hiring an employee, as it means that the company is going in the right direction and growing steadily. However, it does come with a few implications as well, such as being a huge expense. If a company owner mistimes hiring an employee, then it could cost their business thousands at a time when it can’t really afford it.

So, as you can see, it is essential that you do your homework and make sure your business is in the right position to bring on a new member. To help you out, here are a few things that you need to consider before you do start looking for your first employee.

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Think About The Cost

Firstly, it’s necessary to think about the cost that will come with hiring a new member of staff. Once you do hire someone, you will need to start paying them a wage which will obviously be one of your company’s biggest expenses. It’s worth reviewing your budget to make sure that your company is making as much as you think and that you will definitely be able to cover this expense.

Think About How You Word Your Job Description

Before you start reviewing applicants for your newly open position, you will need to draft up a job description. After all, if you don’t advertise the fact that you are hiring, how will anyone know that they can apply to work for you? When you are writing the job description and ideal candidate specification, it is important to take care that you mention all the tasks and responsibilities that will come with the job. The more detail there is, then the more chance that only those with the right qualifications and experience will apply. If the job description is too vague, then you might get some unsuitable applicants, and sifting through these will only waste your time.

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Employee Or Contractor?

Before you do set out on employing a full-time employee, it’s worth asking yourself if it makes more sense to find a contractor instead. Even though contractors and freelancers are often more expensive to pay than full-time employees, you will benefit from the fact that you don’t have to provide them with any financial benefits. For instance, you will need to give any full-time employees paid vacation and sick days as well as help them with pension contributions. This isn’t the case with contractors as they aren’t entitled to these kinds of benefits. So, even though they may charge you slightly more than average, you will actually end up saving a lot of money thanks to their lack of entitlements.

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Reassess Your Workplace

It’s always a good idea to reassess your company’s base as well. It needs to be safe for people to work in or else you might end up needing to hire the likes of Richard Vadnal to represent you in the event that you are taken to court by an employee who injured themselves in the workplace. Even though you might think that an office is a safe environment in which to work, there are still some hazards and risks that you might need to be aware of. For instance, you need to carry out a regular fire drill with any employees you hire so that everyone is aware of how to act in the event of a fire. Make sure the office space is also kept clean and tidy so that there are no trip hazards on the floor. Furniture should be ergonomic so that employees aren’t at risk from developing repetitive strain injury (RSI).

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Look For Good Insurance

Once you have some employed staff on your team, you will need to get all the relevant insurance. This is so that you are covered in the events of any accidents and injuries that occur in the workplace. The insurance should pay out to cover any compensation claims so that it doesn’t have to come out of your business’s pockets. Not only that, though, but the insurance will also cover any claims from clients if they are unhappy with the quality of work carried out by your employees.

Set Up Payroll

In order to pay your full-time employees, you should set up a payroll system. This makes it much easier to sort out your workers’ tax payments as well as figuring out their insurance contributions. It can be quite tricky to set up this kind of system, especially if you have no experience in doing so. Some entrepreneurs like to outsource this to a HR professional to get them up and running, while others prefer to hire a HR team member as one of their first new recruits so that they can set up payments ready for all incoming new team members.

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Draft Up A Contract

Before you do welcome someone new onto your team, you need to make sure that there is a contract between the two of you. This is essential as it will set out exactly what is expected from all parties. For instance, it should include the agreed wage as well as employee’s scope of work. The contract should also explain how the contract can be legally terminated by each party.

Keep Records Of Everyone

Once your first employee starts working for you, it is important that you keep records of everything. These can then be used as evidence in the event of any disputes or arguments between the two of you. It’s also necessary to keep complete documents of employees’ hours, sick days and anything at all that is relevant to their position. Keep these documents safe as you never know when you might need to use them in the future.

Hopefully, considering all the points above will make it easier for you to figure out whether now is really the right time to hire your first ever employee. Good luck with growing your company!

Could You Be Making It Easier For Your Employees? Here’s What To Think About

Some of the key focuses of my blog are: Financial Literacy, Wealth Building, Business and Entrepreneurship. A key to effectively doing business in today’s world is creating the best possible work environment for your employees. The following contributed post is thus entitled; Could You Be Making It Easier For Your Employees? Here’s What To Think About.

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When it comes to running your business often as you start to expand, you get to the point where you may end up having employees working for you. However, if you do end up having employees working for you, then you may want to ensure that you do what you can keep them happy. After all, happy employees means a happy and productive business workforce. So what can you do to make things easy? I thought I would help you by sharing some of the things your and your business could do.

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Making the working environment comfortable

One of the first things you may want to think about is the working environment that you have for your staff and whether or not you feel that it is comfortable. There are things that you can do to ensure this. First off, thank about their workstation and seating, their desk and where they are positioned. You may want to think about room temperature, not too hot out too cold especially on hot and cold days outside. You may also want to think about the facilities you have in place, such as drinking water, places to store food and drink for lunch breaks and lastly whether there is outside space for fresh air. These things can make life easier on your employee in terms of how they feel in work.

Making the work levels simpler for your employees

There are things that you may want to think about internally to help simplify the workload that you have for your employees. Such as document management. After all, there is a likelihood that there will be a lot of documents passing through your business. Things like invoices and receipts, contracts and signed papers, and a software system to manage them may help matters. This is when looking into websites like https://www.templafy.com/document-management-software/ could really help you out.

Keeping your staff and employees safe

When you have staff and employees working for you, you have a responsibility to ensure that you keep them safe. So you may want to think about how you can do that as an employer. Things like having a decent health and safety p-solicit in place is probably a good place to start. Regular rose assessments and ensuring things are checked over is a great way to do this. It can often be the simple things such as this, that can have employees feeling valued and respected while they are in the working environment. Having a policy booklet on hand can also help ensure that everyone is aware of the policies your business has in place.

Being approachable as a boss

Finally, being approachable as a boss is a crucial to ensuring that you can keep things going. Your employees will need to feel comfortable talking to you about things such as their career development, but also feel comfortable and confident enough to talk to you about personal issues that may involve them having time off etc. Being approachable is something you may need to work on, but it could help ensure that you do right by your employees and your business. Articles such as https://www.linkedin.com/pulse/20141008154953-152548954-6-steps could help you do this better.

I hope that these tips help you make things easier for your employees.