Good employees can be your greatest asset, and possibly also your greatest cost, so recruiting and retaining the right people is very important to your business success.
Why employ people?
There are a number of business benefits to employing people.
Read our Diversity in the workplace topic for more information on the benefits of hiring a diverse range of people in your business.
Can I employ people as a sole trader?
You can employee people under all business structures, including as a sole trader. There are a number of legal obligations that you need to consider when hiring people.
Your employees create value and can generate a return on investment for your business. For this to happen however, both the needs of the business and the individual need to be met. This requires an understanding of the legal obligations for you and your employees, along with ways to maximise the skills of your workforce.
Whether you are new to business or have a number of staff working for you, the following are important areas to consider when employing and managing your staff.
Hiring staff is an important step for new businesses, and can allow existing businesses to meet customer demand. There are a number of factors you need to consider when hiring staff. Deciding on their employment status and finding out what requirements there are for the status you choose is just one of these. Before you hire staff, you'll also need to be aware of your responsibilities as an employer.
The Fair Work Act 2009 sets out the rights and obligations sets of employees and employers covered by the national workplace relations system. This includes things like the ten National Employment Standards which apply to all employees in the national system, modern awards and minimum wages.
The Fair Work Ombudsman's Small business page has a range of information about your responsibilities as an employer under the Fair Work Act 2009, including the Fair Work Handbook (DOC 230KB). The Fair Work Ombudsman has also published some employment templates to help you through the hiring process.