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Establishing a successful recruitment process and clear written employment contracts for new employees can have a major impact on your business.

Every business needs to be aware of its obligations under minimum wage and equal pay laws, as well as recent pensions auto-enrolment changes.

You must comply with legal restrictions on employees' working hours and time off, or risk claims, enforcement action and even prosecution.

The right employment policies are an essential part of effective staff management. Make sure any policy is clear and well communicated to employees.

While sick employees need to be treated fairly, you need to ensure that 'sickness' is not being used as cover for unauthorised absence.

Most pregnant employees are entitled to maternity leave and maternity pay, while new fathers are entitled to paternity leave and paternity pay.

As well as undermining morale, illegal discrimination can lead to workplace grievances. Employee discrimination is covered by the Equality Act 2010.

Home, remote and lone workers are becoming increasingly commonplace. Key issues include communication and how to manage and motivate people remotely.

The right approach to consulting with and providing information to your employees can improve employee motivation and performance.

Disciplinary and grievance issues can be a major burden to employers. Putting in place and following the right procedures is essential.

Following the right dismissal and redundancy procedures helps protect your business and minimise the risk of a legal dispute at tribunal.

Employment tribunal claims are a worrying prospect for any employer. A tribunal case is a no-win situation – even if the claim is unjustified.

Side hustles bring in more than £22,000 a year

24 May 2023

New data from GoDaddy suggests that side hustles generate £22,900 a year on average.

Side hustles can be quick and cheap to set up and they bring in significant profits for workers looking for an additional income. These are the findings of a new report by domain registrar and website hosting company, GoDaddy. Its data reveals that the average income from a side hustle is an impressive £22,900.

The findings also show that:

  • 58% of side hustlers set up their business for less than £500;
  • 48% took just a few days to set up their ventures;
  • 70% hope to turn their side hustles into full time ventures;
  • The average age of side hustlers in the UK is 32.

E-commerce has been at the heart of this success, says GoDaddy, with online side hustles generating £21,400 a year on average. Almost two-thirds (60%) of online side hustlers expect their venture to grow by the end of 2023, while just 3% think they will decline.

The research also shows that increasing numbers of entrepreneurs are using artificial intelligence (AI) to help build and grow their businesses. More than a third (35%) have used AI tools to contribute to their business in some way, with generating social media copy (47%), conducting market research (41%), devising social media strategy (39%) and researching competitors (30%) the most common uses for the technology.

Written by Rachel Miller.

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