best practices for managing a virtual workforce
TRANSCRIPT
5 Points in 18 Minutes
1.Have a Plan2. Decide between Employees
& Contractors3. Understand Payroll & Taxes4. Offer Insurance & Benefits5. Set Policies, Guidelines &
Expectations
1.Have a PlanDefine your company’s purposeWhat are your goals for the next
year, quarter, month, etc?Document, share and continually
review your plansDetermine hiring needs (new
product or client, data)Create an org chart with holesCreate a budget & schedule to fill
openings
2. Employee vs. ContractorWhat does your tax professional
recommend?How much time are they
spending on your projects?How much money are you
“saving” by keeping contractors?
What is the quality of their connection to your company?
3. Understand Payroll & TaxesGet professional guidance before
you are forced toConsider a third party provider
(Zen/Gusto, PayChex, PayChex PEO)
Remember that each state has its own tax code and filing requirements
Note that some states have labor laws that affect wages, hours and benefits
4. Offer Insurance & BenefitsGet professional guidance on
insurance requirements (The Affordable Care Act)
Talk to your accountant about 401K plans
Consider a broker or a benefits administration service
Remember (remind) that working from home is a benefit
Combine benefits with team building
5. Set Policies, Guidelines & Expectations“Doing the job is only half the
job…”When should they work, who
should they contact, how should they do it?
No body language to signal feelings
Clear expectations, clear intentions and clear feedback
Summary, Feedback and QuestionsSummary:1. Have a Plan2. Decide between Employees
& Contractors3. Understand Payroll & Taxes4. Offer Insurance & Benefits5. Cultivate Culture
Feedback & QuestionsLet’s [email protected]