what you need to know about hiring interns - joblab
TRANSCRIPT
Content
1. Benefits/ Structure2. Paying Interns3. Legals4. Finding Interns5. JobLab6. Q&A
Internships
Do you really need an intern?
Internships
Can you be outsourcing?Data Entry | Lead Gen | Bookkeeping | Design | Copywriting | Blogs
Internships
Can you use a Virtual Assistant?Complex Tasks | Reports | Setting Meetings | Press Releases | Finding Investor
Internships
Promo Code: JOBLAB (10% OFF)
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$50 CreditPromo Code: WIN
$50 off
Can you use a Virtual Assistant?Complex Tasks | Reports | Setting Meetings | Press Releases | Finding Investor
Internships
Complex Tasks? Need Very Smart People? Can’t Afford Full Salary? Real Value? Bounce Ideas? Specific
Project? Need Company?
Internships
Okay, so you probably need an intern!
Complex Tasks | Need Very Smart People | Can’t Afford Full Salary | Real Value | Bounce Ideas | Need Some Company | Specific Project
Internships
Have a clear plan.
Take the time to build a structure beforehand
Make sure every task is on focus
Manage your expectations
Internships
Do the tasks yourself.Don’t give them tasks or responsibilities that you’ve not
experienced yourself.
Do I have to pay interns?
“Do I need to pay an intern?”
Do I have to pay interns?
In short, yes.
According to HMRC
A person is classed as a ‘worker’ if:They have an arrangement to do work or services personally for a
reward (your contract doesn’t have to be written)
Their reward is for money or a benefit in kind, eg. the promise of a contract or future work
* https://www.gov.uk/employment-status/worker
Worker*
Do I have to pay interns?
* https://www.gov.uk/employment-status/worker
Employment rights
“Getting the National Minimum Wage”“Protection against unlawful deductions
from wages”
“The statutory minimum level of paid holiday”
How Much?
*National Minimum Wage from 1 October 2016 (25 and Over). **LLW The Living Wage is calculated according to the basic cost of living in London and is voluntary.
London Living Wage**
£9.75phAnnual: £19,552.00
Monthly: £1,629.33
Weekly: £376.00
National Minimum
Wage*
£7.20phAnnual: £14,976.00
Monthly: £1,248.00
Weekly: £288.00
Exceptions
StudentsAs part of the student’s university course.
Exceptions
“Voluntary workers”Exemption for; charities, voluntary organisation.
Few start-ups qualify.No obligation to turn up.
Can’t be set tasks and duties.
Volunteers
The Law
“Even if an intern says they’re happy to work for free, HMRC will expect you to
pay them.”
Why should you pay interns?
Buy in from both parties.
Sets and manages expectations.
Protect any IP created.
Long-form interview - find future team members.
Promotes social mobility.
Why pay?
Be one of the good guys!
Legals
“Do they need a contract?”
Internship Contract
Internshipcontract.comFree lawyer-quality contract for your interns
Sourcing
Where to find interns?
Free Options
Through UniversitiesUni Job boards
CareerzoneProspects
Speaking To Careers Teams
CareerHub
Directly Through Societies
LSE UnionOxbridge Entrepreneurs
Free Options
Free Job Boards
Your Own NetworkTwitter, Facebook, Past interns, Current Staff
£615 (30 Day Listing)
Paid Options
Paid Job Boards
£300-£500 (per month of internship)
Benefits
FastHire in days, not weeks
Time Saving Video cover letters
High Quality Top Universities, Rated profiles
HHH Offer
20% Off
Hipsters, Hackers & Hustlers JobLab.com/ employer/
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But we’re poor startups?!
Startup Offer
Benefits to JL
13.5 daysJobLab average Time-to-Hire
72% improvement vs. Industry average