Dos and Don’ts in Making Your First Hire
Are you a one-man shop or a small startup? An entrepreneur running a lean, mean efficient money making machine on your own without the help of outside sources? Well, when the load is too much to burden on your own, it might be time to reach out for some help. Making your first hire is a momentous and wonderful occasion for any small business. It’s a time to reflect back on the success you’ve had and focus on a future bright with growth, opportunity and prosperity.
Bringing someone else on board means you’ve put your plans in motion and ready to take off. While these are exciting times, there is a certain level of stress that goes along with expanding. Am I really ready? What if I don’t make the right hire? How much can I really afford?
Business Cents is here to alleviate any stress you might have with making changes to your business. We take the difficult tasks your company faces off your plates and handle them professionally. We are experts in all things back office, solving problems so you can spend time on your trade.
Here are some points to consider when making your first hire:
Be Informed
You might imagine your first hire is going to be a clean and easy process involving a couple interviews that ends in a sign contract, but it’s much more complex than that: you are now entering uncharted territory as far as business costs, liabilities and filling out forms. Here is a link to the U.S. Department of Labor’s record keeping requirements under the Fair Labor Standards Act (FLSA). Don’t get caught in the dark. Although it’s tedious, organization on the front end of a hire can make or break you in acquiring the talent you deserve around you. Come to the table with a plan and be prepared to answer any questions a prospective hire might ask. You’re in control, so make sure you’re projecting it.
Vet Thoroughly
According to a 2014 press release from CareerBuilder, 56% of hiring manager said they’ve caught a lie on a resume, including over 60% in financial services, hospitality, IT and healthcare industries. Take the time to ensure you are doing your due diligence in weeding out anyone who seems suspicious. It’s okay to be thorough. Making the wrong hire can be very costly in the long run, so do good work up front.
Foster a Team-Friendly Setting
Remember, when bringing on your first employee that you will be collaborating together with that person. Moving forward, you are a team. Make sure to include everyone in the interview process and be very inviting to whoever you decide. When your company’s paradigm shifts, you want total comfort from all parties with each other to grow and succeed. This also sets the tone for your company’s culture, making it a positive work place.
Make sure you’re covering all your bases by calling Business Cents. We treat our clients like family and understand that everyone needs a plan that fits their needs. Call us today to set up yours!
