What You Need to Know About Hiring Interns - JobLab
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Transcript of What You Need to Know About Hiring Interns - JobLab
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1. Intro2. Contents3. Do you need an intern?4. Could you Outsource?5. Could you use a VA6. VA Offer Codes7. Tasks requiring an intern8. Okay you need an intern9. Have a clear plan
10. Do the tasks yourself11. Do you have to Pay?12. Yes13. HMRC Worker definition14. Employment Rights15. NMW Vs LLW16. Exemptions: Students17. Exemptions: Volunteers18. HMRC Still expect you to pay19. Benefits of paying20. Be a good buy21. Do they need a contract?22. Internshipcontract.com23. Where to find interns?24. Universities25. Free Job Boards26. Paid Job Boards27. JobLab?28. Demo29. Benefits30. Discount31. Poor Startups32. Free Trial33. Fin.
MS/ AC
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Content
1. Benefits/ Structure2. Paying Interns3. Legals4. Finding Interns5. JobLab6. Q&A
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Internships
Do you really need an intern?
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Internships
Can you be outsourcing?
Data Entry | Lead Gen | Bookkeeping | Design | Copywriting | Blogs
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Internships
Can you use a Virtual Assistant?
Complex Tasks | Reports | Setting Meetings | Press Releases | Finding Investor
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Internships
Promo Code: JOBLAB (10% OFF)
Web.timeetc.com/ref/joblab$50 Credit
Promo Code: WIN $50 off
Can you use a Virtual Assistant?
Complex Tasks | Reports | Setting Meetings | Press Releases | Finding Investor
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Internships
Complex Tasks? Need Very Smart People? Can’t Afford Full Salary? Real Value? Bounce Ideas? Specific Project?
Need Company?
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Internships
Okay, so you probably need an intern!
Complex Tasks | Need Very Smart People | Can’t Afford Full Salary | Real Value | Bounce Ideas | Need Some Company | Specific Project
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Internships
Have a clear plan.
Take the time to build a structure beforehand
Make sure every task is on focus
Manage your expectations
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Internships
Do the tasks yourself.Don’t give them tasks or responsibilities that you’ve not experienced
yourself.
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Do I have to pay interns?
“Do I need to pay an intern?”
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Do I have to pay interns?
In short, yes.
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According to HMRC
A person is classed as a ‘worker’ if:
They have an arrangement to do work or services personally for a reward (your contract doesn’t have to be written)
Their reward is for money or a benefit in kind, eg. the promise of a contract or future work
* https://www.gov.uk/employment-status/worker
Worker*
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Do I have to pay interns?
* https://www.gov.uk/employment-status/worker
Employment rights
“Getting the National Minimum Wage”
“Protection against unlawful deductions from wages”
“The statutory minimum level of paid holiday”
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How Much?
*National Minimum Wage from 1 October 2016 (25 and Over). **LLW The Living Wage is calculated according to the basic
cost of living in London and is voluntary.
London Living
Wage**
£9.40ph
Annual: £19,552.00
Monthly: £1,629.33
Weekly: £376.00
National
Minimum Wage*
£7.20ph
Annual: £14,976.00
Monthly: £1,248.00
Weekly: £288.00
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Exceptions
StudentsAs part of the student’s university course.
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Exceptions
“Voluntary workers”Exemption for; charities, voluntary organisation.
Few start-ups qualify.No obligation to turn up.
Can’t be set tasks and duties.
Volunteers
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The Law
“Even if an intern says they’re happy to work for free, HMRC will expect you to pay them.”
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Why should you pay interns?
Buy in from both parties.
Sets and manages expectations.
Protect any IP created.
Long-form interview - find future team members.
Promotes social mobility.
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Why pay?
Be one of the good guys!
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Legals
“Do they need a contract?”
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Internship Contract
Internshipcontract.com
Free lawyer-quality contract for your interns
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Sourcing
Where to find interns?
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Free Options
Through Universities
Uni Job boardsCareerzoneProspects
Speaking To Careers TeamsCareerHub
Directly Through SocietiesLSE UnionOxbridge Entrepreneurs
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Free Options
Free Job Boards
Your Own NetworkTwitter, Facebook, Past interns, Current Staff
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£615 (30 Day Listing)
Paid Options
Paid Job Boards
£300-£500 (per month of internship)
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?
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Benefits
FastHire in days, not weeks
Time Saving Video cover letters
High Quality Top Universities, Rated profiles
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HHH Offer
20% Off
Hipsters, Hackers & Hustlers
JobLab.com/ employer/ hiphackhus
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But we’re poor startups?!
Startup Offer
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Benefits to JL
13.5 daysJobLab average Time-to-Hire
72% improvement vs. Industry average