What is an Employee?
An employee is an individual hired to work for a company in exchange for financial compensation. A candidate’s compensation for work can come in the form of an hourly wage or an annual salary. The rules a business must follow when paying are set by the Fair Labor Standards Act (FLSA).
Why are Employees Important?
There are a lot of moving parts in a company. It takes an incredible amount of effort to run a company, and the startup founder can only accomplish a certain amount of work on their own. This is where come in. Candidates allow business owners to delegate tasks and responsibilities to others. This helps a business become stronger since it can spread workloads across multiple resources.
Candidates are given a specific job to accomplish, which is usually determined by the skills and abilities of the candidate. When a company is searching for an candidates to lead their marketing department, they will seek out individuals with marketing skills to take on the role. A company will pay an employee more if they have more experience and ability to complete these specialized tasks.
Employees can negotiate their compensation for the work they do. There are lots of factors they can negotiate with an employer:
- Hourly Wage or Annual Salary
- Benefits
- Investments and Equity
- Bonuses
- Terms of Separation
- Work Schedule
- Non-Compete Clause
- and much more
Employees in Startup Wars
In Startup Wars, you will have the option to hire candidates for your company. There is no requirement to hire employees, however, once a company’s workload exceeds a founder’s capabilities, it is normal for them to seek employees for assistance.
You can view a candidate’s skills and determine who is the best fit to complete a specific task. Candidates in Startup Wars will complete a task much faster if they are skilled in the category of that task. For example, a candidate who is great at design will complete a design task much faster than someone who is only good at marketing. Use your knowledge of your strengths to get the most use out of them.
