A Piece of the Action: Phantom Stock
Is there another way to encourage and compensate employees besides giving up a piece of the company? Here’s what our “growth guru” Russ has to say.
Writing an Offer Letter
Putting everything in writing is not just paranoia, but good common sense, and the offer letter is no exception. Handshakes must be followed by documentation.
Lean and Clean Staffing
Whether you are launching a new business or growing an existing one, the biggest run on money is often the HR costs. Spartina’s philosophy, echoed by successful entrepreneurs, is: Keep it small.
Great people build great products. Hire great people and you’ll have a great exit.
Worker's Compensation Insurance Opt-Out
There are some interesting options for dealing with owners and shareholders, where you can actually opt out of the insurance, which has an impact on your expenses.
Human Resources is one of the biggest expenses a new or growing company might have. It can also be one of the biggest ‘headaches’ if you have not done your homework in the area of compliance.
Separation Pay & Agreement
Offering severance pay is a way of professionally terminating an agreement where everyone feels okay about a situation that could be distressing.
Terminating an Employee
If termination becomes necessary, always follow HR best practices in order to reduce the company’s risk around the termination and to demonstrate compassion towards the employee.