We may receive compensation when you click on links to products from our partners. For more information, please see our disclosure policy.
Not every professional looks for a
Hire good talent early
As new business owners struggle with money, they tend to compromise on talent. It seems easy to start with a few inexpensive resources and onboard more people as you go. But the last thing you should do is settle for less-skilled or inexperienced people to save on dollars. Look for good talent at the early stages, even if it means starting with a smaller
Offer competitive remuneration
This one is a no-brainer because competitive remuneration is the only way to secure top talent for your business. Assess the job market to find the appropriate pay for different skills and roles. Think beyond the financial remuneration and customize the pay packages with value-adding perks and benefits. Engage the staff with incentives and rewards. You can stay within
Invest in HR software
Investing in HR software is a wise decision for new businesses looking to manage operations on a
Comply with the employment law
The Canadian employment law enforces stringent regulations on all employers, and new businesses are not an exception. It covers fine details relating to recruitment, retention, termination, safety, benefits, and compensation. Failing to comply with these regulations may have dire implications like hefty penalties, lawsuits, and reputational damage. HR experts recommend understanding the employment law, complying with provincial guidelines, and staying updated with the regulatory changes.
Ditch the paper
Although going paperless at the startup stage seems too early, it is the wisest thing you can do. Using legacy, paper-based systems to manage schedules, track time and attendance, and process operations such as hiring and onboarding can increase the workload for your
The growth of a new business depends on the