Cut It Out

Hire Power

Tempted to take on full-time employees? Be sure to consider your alternatives carefully, because you'll also be taking on nagging responsibilities such as withholding and remitting taxes, and preparing tax returns. Then there's the added expense of paying employee benefits, half their Social Security and Medicare taxes, workers' compensation insurance, and unemployment and disability insurance--not to mention all the related paperwork. The good news: There are two great alternatives to hiring full-time employees.

One option is to hire temporary workers. Temp agencies can furnish workers skilled in virtually any discipline--from clerical to sales to management. The temp agency, as the workers' employer of record, is responsible for payroll and all the related paperwork, and you may terminate the worker whenever he or she is no longer needed.

Another possibility is finding interns. If you lack the funds to pay workers but have time to teach them, think interns. Usually students who work without pay in return for learning your business--or part of it--interns can be found through local high schools or colleges. Just call and explain your needs (job description, hours, skills required). The school may even offer the students credit for job experience.

Contact Source

South Beach Cafe, 2201 Cantu Ct., Sarasota, FL 34232, (941) 377-7225.

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This article was originally published in the February 1998 print edition of Entrepreneur with the headline: Cut It Out.

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