Improving Onboarding Practices

Improving Onboarding Practices

Regardless of the industry or size, every business needs to vet and hire qualified employees. As the staff is the backbone to any successful operation, retaining them is just as important as hiring them. While many believe the onboarding process is a trivial one, research indicates that a proper training and hiring process is critical to retaining valuable staff members. In order to minimize Employment Practices Liability, here is how to effectively improve the onboarding process.

Write it down.

Rather than ramble on about processes and procedures, business owners should have a written, documented plan. This will help to guide the process, ensure consistency over various training groups, and keep it organized. Keep in mind that whoever is in charge of onboarding should evaluate its effectiveness and add and remove sections as needed.

Train onboarders.

While an enthusiastic employee might be eager to show off what makes the company so stellar, it’s important that they have the skills needed to thoroughly train and answer any questions the new hires might have. Ensure they set expectations, introduce the company, and establish a foundation for future training, explains Small Business Trends.

Pace the training.

It might seem better to throw new hires into their roles, but having them start slow and adapt to their surroundings is better for productivity and employee retention. Introduce job duties one at a time, allow room for questions, and try not to overwhelm them.

Emphasize culture.

According to the Association for Talent Development, company culture is one of the most important considerations for job seekers. Allow new hires to engage with other workers and get to know the company and the perks of the job.

Consistency is key.

The more onboarding sessions are completed, the easier the rhythm will be. Consistency is critical to ensure all new hire orientations run smoothly and obtain the same information as their predecessors.

About K2 Insurance Services

At K2 Insurance Services, LLC, we are dedicated to creating a leading underwriting and distribution franchise both in the standard and specialty program insurance markets. K2 was formed by two insurance industry veterans with the purpose of acquiring managing general agents and developing multi-line programs. Our goal is to distribute innovative products through retail and wholesale distribution channels. To learn more about our services and partners, please contact us today at (855) 976-8113 or visit K2INS.COM.

Hiring Freelancers: Employment Practices Liability?

midwestern logoAs the shift from a traditional 9-5 to a gig economy continues, it’s important to recognize how it impacts both employers and workers alike. With this change comes more Employment Practices Liability for the employer in terms of classifying the worker and paying them properly. As such, heed the following advice for ensuring compliance with hiring freelancers versus full-time employees.

Misclassifying employees affects all parties. Without being classified as a full-time employee, workers miss out on benefits including 401 k, health insurance, and vacation time while businesses can face penalties, fines, and even jail time for failing to classify their workers correctly. In fact, According to a report from SIA, a global staffing and workforce solutions advisor, more than one-third of midsize businesses have been fined or penalized for not complying with laws about how they manage their workforces.

However, classifying workers correctly continues to be a struggle. “Where worker classification is concerned, no hard-and-fast criteria exists, despite the fact that the Department of Labor, National Labor Relations Board, IRS and a host of state labor-related agencies have their various interpretations,” said Jeff Wald, Work Market co-founder and president, in a telephone interview with Small Business Trends.

Therefore, it’s recommended that employers that hire freelancers take the compliance test to ensure they won’t get fined for improper employment practices. IRS 20-Factor can help to determine how much financial and behavioral control the employer holds over the worker, determining if they are actually an employee or a freelancer. Further, the Economic Reality Test will help to identify how reliant the worker is on a paycheck from the employer which will also indicate whether or not they are considered an independent contractor or not.

At K2 Insurance Services, LLC, we are dedicated to creating a leading underwriting and distribution franchise both in the standard and specialty program insurance markets. K2 was formed by two insurance industry veterans with the purpose of acquiring managing general agents and developing multi-line programs. Our goal is to distribute innovative products through retail and wholesale distribution channels. To learn more about our services and partners, please contact us today at (855) 976-8113 or visit K2INS.COM.