With Aidan Cramer - Cofounder of JobLab.com
We all need help at the start of our business, but we can’t always afford it. We are probably not even paying ourselves.
Aidan will share what you need to know about hiring Interns;
Where to find them
The law on paying them
The benefits of using them
The risks of abusing them
Aidan’s passion comes from being a recent graduate himself, and now he is on a mission to change the way young people start their careers by getting them into awesome jobs at awesome young companies. He and his co-founders went straight from graduating and being interns themselves to starting their first business - so understand the benefits and drawbacks from both sides of the coin.
JobLab helps small businesses grow by giving them direct access to the best interns and graduate talent across the UK. The platform matches employers with relevant candidates who can be reviewed on a personal level, through video cover letters. JobLab’s focus is on reducing time to hire by providing the right candidates exactly when they’re needed.
4. Internships
Can you be outsourcing?
Data Entry | Lead Gen | Bookkeeping | Design | Copywriting | Blogs
5. Internships
Can you use a Virtual Assistant?
Complex Tasks | Reports | Setting Meetings | Press Releases | Finding Investor
6. 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
7. Internships
Complex Tasks? Need Very Smart People? Can’t Afford
Full Salary? Real Value? Bounce Ideas? Specific Project?
Need Company?
8. 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
9. Internships
Have a clear plan.
Take the time to build a
structure beforehand
Make sure every task is
on focus
Manage your
expectations
10. Internships
Do the tasks yourself.
Don’t give them tasks or responsibilities that you’ve not experienced
yourself.
11. Do I have to pay interns?
“Do I need to pay an intern?”
13. 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*
14. 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”
15. 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**
£9.75ph
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
18. The Law
“Even if an intern says they’re happy to work for
free, HMRC will expect you to pay them.”
19. 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.
24. Free Options
Through Universities
Uni Job boards
Careerzone
Prospects
Speaking To Careers Teams
CareerHub
Directly Through Societies
LSE Union
Oxbridge Entrepreneurs
25. Free Options
Free Job Boards
Your Own Network
Twitter, Facebook, Past interns, Current Staff