» MORE:How to pay employees Your business starter kit The tools and tips you need to start your business. ★ learn more Financial planning for your business $700+ in product discounts Your starter checklist New business training Keep up-to-date employee records ...
How to hire employees: Legality comes first Not sure how to hire employees for a small business? Before you can scale into aprofitable business, navigating the legal requirements of bringing on your first team members is essential. Here's a breakdown of the key steps and documents you need ...
A business plan explains your goals and how you hope to achieve them. If you need funding for start-up costs, many investors will want to see your plan so they can assess your potential profitability. Business plans can also help you attract partners and employees. When creating...
There’s a lot that goes into finding and hiring someone to join you in your small business. First, there’s deciding whether to handle the recruitment yourself or letting an external recruitment agency find candidates for you. Then there’s the interview stage and finally selecting a candidate...
How to build a great small business team Hiring the right employees is important, but it's not enough. You'll have to shape those employees into a winning team. When to give a raise If you want the best out of your employees, a well-timed raise can help. But how much do you give...
Once you’ve established all the relevant tax information for your business and its employees, you must decide how to pay your workers. There are four types of pay schedules: weekly, biweekly, semiweekly and monthly. All four schedules have their advantages and disadvantages. Carefully consider ...
1. Review Your Business’s Pay Rates Before you pay your employee for the first time, double-check to ensure that your employee’s wages are in compliance with state and federal laws wage laws. The federal minimum wage is $7.25/hour for nonexempt employees, while state minimum wage rates ...
To help you get started, here are tips and useful information for managing andretaining small business employees. Learn how to better manage people — both in person and remote — and ways to balance workload with well-being. Not there yet? Check out this guide tohiring employees. ...
Gather the employee information you need. Depending on the method you choose to manage payroll, these are the general steps you will follow each pay period: Track employee time.If you work with hourly employees, gather their time sheets for the pay period. For full-time employees, make sure...
It involves multiple steps, including gathering and verifying employee time and attendance information, calculating gross pay, deducting payroll taxes (and other withholdings), and distributing the correct net pay to the right employees. How to do payroll for a small business While there are a ...