Last night, I had the opportunity (again) to sit on a panel discussion sponsored by the Accelerator for Biosciences in Connecticut (ABCT) to talk about operational challenges for new companies and the issues associated with hiring. ABCT is one of those success stories in Connecticut that should get more press than it does. It’s a competitive entry, six-month long program for entrepreneurial research students and faculty, MBA’s and MD’s interested in forming new ventures in biosciences. One of the themes of the discussion was that hiring employees is not for amateurs anymore. As another panel member noted, there are just far too many requirements now (training, paperwork, policies) to just shoot from the hip. And yet, new employers still need to hire staff in order to grow. One solution we discussed was giving greater consideration to PEOs, such as ADP, Paychex or Insperity (just to name a few names — not endorsing). There are various services that sma...
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