When you are starting a new business, there is so much to do and so much to learn and, sometimes, you don’t know what you don’t know. We’ve asked our expert team to give you their top five tips for new businesses. Some tips are from their own experience as business owners and some are from their own area of expertise.
This week, it’s Kate Jennett’s turn, to give you her top five tips for HR.
Tip 1 – Have an understanding of employment law
Unquestionably, one of the most crucial pieces of HR advice for small and start-up businesses is to have some understanding of employment legislation. Nearly all aspects of hiring, retaining, and employees exiting a business are governed by regulations.
Tip 2 – Hire and Retain talent
Small and start-up businesses still need to think about their hiring decisions, whether it be the first employee joining the business, or the 100th! It is important to consider things like; where is best to advertise vacancies? how to best identify your ideal prospects? what should the onboarding procedure look like? Hiring the right candidates is essential for any business, but even more so for smaller or start up businesses who are likely to have limited time and resources. The first step to ensuring you attract the right people to apply for any position is to create an accurate and desirable job description. Make no unattainable promises, and keep in mind that you must inspire them to desire to work for you. Hiring is a two-way process; whilst they are persuading you that they are the best candidate for the position, you are also persuading them that you are someone they should consider working for. Don’t mislead them; instead, present yourself and the company in the best possible light.
Tip 3 – Ensure the necessary information is in each employee’s file
Having all important information about an employee stored in one place means it’s easy to find any relevant details about their role and responsibilities. It also means you can produce any necessary records in the event of an employee making a claim against you. Another benefit of keeping employee files accurate and up to date is it can be challenging, if not impossible, to adequately monitor performance and productivity levels without proper records. Everyone benefits from correct, current records because a lack of such crucial data can impede both business expansion and staff advancement.
Tip 4 – Establish why having policies are important, which are relevant to you and what policies and documentation do you have a legal obligation to have in place
Company policies define how employees should behave in the workplace. They also define what employees can expect from their employer. Which policies are necessary for a company can depend on several factors such as the corporate culture, the legislative environment and on the industry. However, there are some policies which are must-haves for most companies. Policies usually define the mission of a business and by setting policies not only maintains compliance with employment law but can increase the return on investment in areas like employee productivity, profit, and employee experience.
Tip 5 – Monitor changes in employment law
Once you have a basic understanding of employment law, unfortunately, it does not end there! Running a business can be very rewarding but complying with ever changing legislation along with managing people in addition to the day to day running of the business can be very demanding, it is important you are aware of any updates and changes to ensure you remain compliant.
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