You sometimes need a helping hand to finish what you started. When the going gets tough, labour hire is your best bet. However, there are a few things you should keep in mind before hiring labour:
Decide what type of labour you need.
Before hiring labour, you need to decide what kind of work you want to do and what kind of work you want to hire people for. For example, suppose you’re a small business owner who wants to outsource some of their marketing activities but still wants the support of an experienced agency. In that case, it may be best for them to hire an outsourced team from their local area.
On the other hand, if someone is running their own small business from home and needs help with keeping up with orders and inventory management tasks on top of managing employees or contractors who are in-house full time.
Prepare a rough budget.
Before you can hire any labour, you need to determine what your budget is. In general, there are two categories of expense: labour and materials. Labour costs include wages (including overtime), benefits (such as pensions), training costs, and insurance premiums. Materials are all other costs that go into producing a product or providing a service—things like wood, concrete, and steel for construction projects; plastic bags for grocery stores; ink cartridges for printers; paper towels at restaurants; etc.
Most businesses will want to keep labour costs within 10-15% of their budgeted profit margins to ensure profitability without too much cutting into their bottom line. For example: if your business has an expected profit margin of $40k per year based on sales volume alone (not including any other fixed costs such as rent), then spending less than $4k on wages would be ideal since it would allow for greater profits due solely from increased revenues instead of increased expenditures
Check for their legal status.
When hiring a labour-hire worker, it is important to check the company’s legal status. You should ensure that the labour-hire worker has an appropriate visa or permit and can legally work in your country.
You will also need to check that your agreement with the labour-hire company is in writing. This can include a contract, which outlines what services are provided by each party and at what rates; an agreement for services provided on a casual basis; or anything else that outlines terms of engagement between both parties involved. The contract should detail:
- What kind of workers are being supplied (for example, classifications such as apprentice, trainee, or employee)
- How long they will be working for you (either temporarily until they find another job elsewhere or permanently)
Ensure that they are insured
You must ensure that the workers you hire are insured. If an accident happens, should they be injured by any activities involved in your business, it will not be your responsibility.
The different types of insurance include public liability insurance, employer’s liability, and personal accident insurance. The cost of these can vary depending on your business type and size. You must have all three types in place before hiring any labour, as they can save you from financial loss if anything goes wrong while working for or around your business premises or equipment.
When hiring workers, you need to verify the validity of their visa and work permit. In addition to checking the document itself, ensure you’re not hiring someone who has been working illegally in your country.
Next, ask them to show you a copy of their driver’s license and ensure that it matches the names on their provided documents. They should also have an up-to-date passport photo so they can be identified when they enter or leave your country. It’s also good practice to check their criminal records; this way, you won’t be surprised if something happens in case one of them commits a crime while working for you!
