boost #2 top tips for taking on your first employee
DESCRIPTION
Three presentations looking at the things to consider when taking on your first employee, or moving from being self-employed to an employer. Accountancy and tax pitfalls HR and legal considerations PAYE Making your employees your brand ambassadors and examples of where it worksTRANSCRIPT
Welcome!@boostbristol
www.boostbristol.wordpress.com
Employed or Self employed?
Employment requires the following
Personal Service
Control
Mutuality of Obligations
Personal Service
Who is required to undertake the work?
Substitution?
Control
Who decides how and when the work is performed?
Mutuality of obligations
Employer is obliged to offer work and employee obliged to accept that work.
Other Factors
Financial Risk
Equipment
Duration of Contract
Other Contracts
Intention
Getting it wrong
Employee rights
PAYE
Auto-enrolment (workplace pension)
Anna Pepler, Director
Do you want to grow your business?
Employing staff
Should you do it?....
What should you think about?
Employed V Self Employed Can you afford it? Take that leap Be clear on roles and responsibilities Compare against other jobs in market place Hours, Location, Pay, Benefits….
Payroll
You need to pay people!!!
Must be issued with payslip by law Must detail deductions Must be paid in line with T+C’s
Contract of employments
You need to pay people!!!
A written statement of terms of conditions Signed copy on file Must be given within 8 weeks of start date
Insurance
You must have public liability and professional indemnity
Must cover staff members Must display certificate where employees can read
(can be online)
Insurance
You must have public liability and professional indemnity
Must cover staff members Must display certificate where employees can read
(can be online)
Holidays and sickness
• Holiday– 28 days (Including Public/Bank Holidays)– Pro Rata for Part Time Staff– New starters entitlement pro-rata to full holiday year– Holiday accrual during absence– Holiday pay / termination of employment
• Sickness– SSP at current government rate– No reclaim– Payable for 28 weeks– Long term sickness – disabilities
Pensions
Auto Enrolment – compulsory for employers of any size to auto enrol employees into a pension scheme
An employer also required to make contributions to that pension scheme, unless staff members opt out
Less than 30 staff by 1st April 2017 30-49 members 2015
FEARS?
Remember we are here to help!
PAYE
Rachel Baker,Director
PAYE
Decide to take on employee
Register with HMRC Receive reference numbers from HMRC
Collect data from employee – P45/New starter form
Choose software and set up [will need ref. no. for this]
Process employee’s gross pay
Submit RTI report to HMRC
Make payment of net pay to employee
Extract report of PAYE due
Make payment to HMRC
Making your employees your brand ambassadors
Your business cycle
It has changed…
Why engaging employees matters
It’s really simple…If you engage people they will…. Perform betterWork harderStay with you longer = business success!
You are your brand…
Your brand is how you want people feel about your business…..
You are your brand…
“The reason employees are great brand ambassadors is because people trust people like themselves more than anyone else in the
organisation.”
Great examples of employeebrand ambassadors
Six ways to create brand ambassadors
1. Strong leadership
2. Common goal
3. Rules of the game
4. Celebrate success!
5. Support risk taking
6. 100% involvement and inclusion
And finally…
Growth Vouchers
Up to £2,000 matched funding
Can be used for strategic business advice on
Expanding your workforce
Finance and cashflow
Marketing and customer service
IT and web
Leadership and management
Growth Vouchers
Conditions include
Business must be in England
Must be actively selling goods or services
Not all eligible business will be entitled to vouchers
(selected randomly from applications)
Growth Vouchers
Scheme due to end 31 March 2015
Advice must be obtained from an approved supplier
To apply and for more details
https://www.gov.uk/apply-growth-vouchers
https://marketplace.enterprisenation.com/
Any questions…?
@boostbristol
www.boostbristol.wordpress.com