Laying the Foundation for Success:
If you’re starting a new business and planning to hire, setting up a few essential HR practices from the start will help you stay compliant, protect your business, and create a strong foundation for your team. Here’s where to begin:
- Create a Business Plan – Outline what you are selling, target customers, market, and financials.
- Register as an Employer – Get an EIN (Employer Identification Number) from the IRS.
- Know the Laws – Learn about basic labor laws, employee classification (W-2 vs. 1099), and required taxes.
- Set Up Payroll – Choose a payroll system to handle wages, taxes, and direct deposit.
- Create a Simple Offer Letter – Outline job details, pay, and expectations for new hires.
- Start an Employee File – Keep important documents like tax forms (W-4, I-9) and emergency contacts.
- Decide on Basic Policies – Think about work hours, time off, and workplace rules.
- Display Required Posters – Some labor laws require workplace posters (even for remote teams).
- Think About Benefits – Even if you’re not offering health insurance, consider perks like paid time off.
- Onboarding & Training– Plan what is needed to onboard and train new employees.
- Communicate Clearly – Talk to your team about expectations, company culture, and how to ask questions.
- Technology – Determine the basic technology needed for your start-up.
- Marketing & Sales – Plan your marketing, social media, and sales strategy.
Starting simple ensures compliance and sets your business up for smooth growth. Need help? Our HR experts can guide you!