Congratulations you hired your first employee! Now what? On today's episode of Local Business Talk, we discuss 9 steps that are needed after you hire an employee.
- Determine if they are a 1099 Contractor or a W2 employee
- Collect new hire documentation such as Form W4 and Form I-9
- Choose a pay period and a consistent pay date
- Track employee time worked
- Budget for payroll tax expense
- Determine if the employee is paid a salary or by the hour
- Decide if you will offer paid time off, holiday pay, sick time, etc
- Setup company policies and a handbook
- Provide feedback to your staff
Thank you to our sponsor Ideal Payroll Service!
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