A part-time contract is a form of employment that carries fewer hours per week than a full-time job. They work in shifts. The shifts are often rotational. Workers are considered to be part-time if they commonly work fewer than 30 hours per week.
“I’m thinking of hiring a part–time person to manage finances. What is one thing I should do to ensure this is a successful option for my company?”
- First, don’t hire someone based on their cost. This is your money you’re talking about. If someone is charging significantly less than everyone else, there’s a reason why. so Don’t hire Some one just because they are charging less.
- Second, you need to hire someone to verify the work of the first party.
- If you have more than 10 employees and some revenue or external capital, it’s advisable to loop in an experienced CPA who will function as a part–time controller. If you are a high-growth startup and need a strategic financial adviser who will go beyond the month-end close, search for a part–time CFO.
- When starting to work with a part–time finance person for your business, make sure that you set up a regular cadence for checking in. It is important to organize your finances in an ongoing way to avoid getting backlogged during crunch times for reporting, taxes or fundraising.
- Stay away from hiring non-financial family members.
- Let an expert guide your part–time employee to make sure your finances are being maximized and properly organized.
- Whenever you hire someone to work with you on your business, you need to have open and clear lines of communication. That includes letting them know exactly what you need and require.