New Insurance Brokerage – Hiring Your First Staff Member

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Congratulations, your brokerage has been so successful that it can now start thinking of hiring an extra pair of hands to help your business expansion. 

Here are some useful tips on what to do next:

1. Hire a HR advisor
The UK operates a fairly liberal employment regulatory regime that is easy to navigate but everything is easier with experience. If you can afford it, consider hiring an external firm that will provide you with support in drafting up contracts and making sure you are doing the right things. The cost for this is likely to be around £200 a month but how good a deal you get will be dependant on your negotiation skills.

2. Online legal portal
In recent years, several legal portals have sprung up. These providers make it easy for you to create your own contracts and get some legal support as and when you need it. We recommend:

3. Finding the right staff member
This is, without doubt, the most important part of hiring staff. Unfortunately, there is no secret we can share that will ensure you only hire the right candidate, this will come down to your interview technique and sometimes, just good fortune. It pays to ensure you have a rigid and well-researched interview process.

“At the Movo Partnership, we support new start up insurance brokerage with more than just a trading platform but also with good advice and lending support when needed”.

Lea Cheesbrough

4. Look for personal recommendations
It’s always best, when possible, to get a personal recommendation from someone you know and trust. Candidates can sometimes come across well in an interview but turn out not to be a good fit after they start. However, personal experience of having worked with someone will give you the real picture of that staff member’s quality.

5. Payroll
For those start-ups who are brave enough, you can manage this yourself via online accounting software packages like Quickbooks or Xero, alternatively, you can hire someone to help you.

By joining the Movo Partnership you will receive free HR support, legal and optional accountancy services.

Call us for a confidential discussion.

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