Should I employ a family member?
When does it make sense to employ a family member, and how can they help my business? Theoretically, you’ll get extra commitment because it’s a family concern: ‘one day all this will be yours’ is a powerful motivator. Family members are often more committed because they see longer-term rewards.
On the flipside, a relative who doesn’t want to be involved may resent their position and drag down morale. Meanwhile, non-family employees could question why a relative is recruited to a senior role when other candidates may be better qualified. Such appointments need to be handled sensitively…
Click on the link below to read the rest of the B P Collins briefing.
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UK companies are still suffering a post-recession hangover, new figures suggest, on the back of a rise in profit warnings.
UK companies are still suffering a post-recession hangover on the back of a rise in profit warnings.