answersLogoWhite

0


Best Answer

First do the math--what are your expenses vs. what you are taking in? Is there actually money to pay an employee? Be specific about the wages you can pay and the hours you can offer him. Being upfront with him about the situation as far ahead as you know will keep your friendship going, as well as your working relationship.

User Avatar

Wiki User

15y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: II hired a friend as an employee and I need to know how to pay him each day without losing all my money I dont know what I should do?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Continue Learning about Finance

Which transaction method should you choose when talking to a bank employee?

Bank branch


Should employees salary kept confidential?

Yes, employee salaries should remain confidential. When salaries are disclosed, it can create conflict in the workplace when one employee is getting paid less for doing the same job as another.


What does it take to be a good hotel employee?

In order to be a good hotel employee you must be ready to work long hours. You should also have good customer service skills.


What are some items a compensation should accomplish?

A compensation's main purpose is to reward good work. It motivates employees to achieve out of expectations. Ideally, a good compensation package will make a employee feel properly rewarded. It should be in proportion to the personal level of achievement the person felt he or she has achieved. This would be from the employee's point of view. From the executives' point of view, the compensation package would cost the company as little as possible yet still make the employee feel properly rewarded. Yet it should not make the employee feel fully rewarded, and thus breeding greed. It would make the employee feel rather inadequate and that he or she would need to work harder to get properly rewarded .


What are some of the goals of a good compensation package?

Ideally, a good compensation package will make a employee feel properly rewarded. It should be in proportion to the personal level of achievement the person felt he or she has achieved. This would be from the employee's point of view. From the executives' point of view, the compensation package would cost the company as little as possible yet still make the employee feel properly rewarded. Yet it should not make the employee feel fully rewarded, and thus breeding greed. It would make the employee feel rather inadequate and that he or she would need to work harder to get properly rewarded.

Related questions

What should you text this guy you like who your friend liked first?

you have to make a decision is this guy worth a chance at losing your friend?


Will she stay your friend if you go out with her ex?

It would be uncomfortable, maybe you should talk to her first, is he worth losing a friend over ?


Your best friend and your boyfriend have become good friends and it makes you jealous How do you deal with your jealousy without losing them?

You need to be more secure in your relationship with your boyfriend and more trusting of your friend. If you find that it seems more than what it should be then you should step in and sit down and talk with both of them.


Should you tell your friend you like the same guy as her?

It depends. You could tell her but be warned, if she is a really close friend you'll risk losing a friend.


What should you do if your friend likes the same boy as you?

Both of you should forget him until one loses interest. Boys aren't worth losing a great friend.


What should you do if im going to be a freshman next year and am afraid of losing your best friend of three years?

you should still hang out with that friend so you can still be friends


What should you do if you like a guy friend and he likes you and your friend?

If he likes both of you it is best just to all stay as friends for the sake of losing one another for dating reasons...


Can employer allow health insurance to lapse without advising employee?

AnswerCan they? Yes. Should they? No.


Should all men stay away from women tell they dell with their bff girl friend losing a mate issues?

No


What if your best friend is going out with the guy you like and doesn't even like him how do you get him to ask you out?

you should not ask out the guy while your friend is dating him. You do not want to risk losing your friend. If they two of them do not work out then by all mean ask him out.


Im a guy and should you tell your guy friend you love him without it being homo?

If your guy friend is truly your friend then yes. If he really is your friend then it would not matter and it should not be considered homo. Just say that you love him as a friend.


If your friend calls your boyfriend without letting you know is she really your friend?

She should be put on your "watch list" immediately.