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What's the cost of protection worth to you? If you're a growing business, and you're involving people in it – even if it's just you and five others in your team, or whether it's virtual or physical – there are a lot of things to navigate around the HR world.
Today, Tameaka Shelton of Employ and Relate helps us break down some HR basics that you need to get covered so you can bulletproof yourself and your business in the event of an audit.
In fact, this is a foundational thing that small businesses should do when dealing with a virtual team because what you don't know could cost you a lot of money. Therefore, you have the responsibility as a business owner to be as compliant as possible to lessen the risks and keep your hard-earned money.
In this episode, you will hear:
- Why HR compliance is critical even as a small business
- How to classify your staff: 1099 vs. W2
- Distinguishing exempt vs. non-exempt and salaried vs. hourly
- Creating an employee handbook
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