Employees in a New Jersey Family Business May Not Be Relatives, but Should Be Part of the Business Family
"Family business" typically refers to a business owned by members of the same family, but it also often means that family members run the business. Many "family" businesses may need to take on some employees who are not family members, and these businesses should take care to treat family and non-family members of the business equally and fairly. This is important to a business' continued competitiveness and success, but also for compliance with federal and state employment laws. A recent column written by business journalist Randy Myers and published in Entrepreneur discusses how family businesses can take care of their unrelated employees.
"Part of the Family"
The culture of a family business is probably the most important element in attracting and retaining employees, or as Myers puts it, family businesses should make all employees "feel like part of the family." Family businesses can achieve this in any number of ways, from involving non-family employees in the central operations of the company, to offering benefits and other incentives that encourage employees to stay with the company. This keeps employees "energized," according to Myers, and allows the business to maintain the culture that the family had created while benefitting from the knowledge and skills of others.