Employing additional members of staff

Having a business at present can be a scary time. You may not know exactly what is going to happen and whether your business will survive. Some businesses however are thriving and if you happen to sell a product or service that is in high demand at the moment you may find that your business has had to grow very quickly and all of a sudden you need additional help.

It may be that you are looking for someone skilled or trained in your profession or you may require help with the administration or the accounting side of things.

When hiring someone there is a lot to consider, especially if it is the first person you have taken on. If you are actually employing them through the business then you will need to ensure you comply with HMRC rules regarding employers’ contributions and tax etc as well as minimum wages, holiday and sick pay. Often once you have gone through all of this with a first employee, taking on a second one is not as daunting. You are also responsible for their safety whilst at work and need to have adequate insurance to cover everyone. There are many benefits to employing members of staff over using sub-contractors, but you do need to weight up the pros and cons.