When hiring employees for the first time, many factors should be taken into consideration. Small start up firms and entrepreneurs will find that hiring their first employees will ultimately direct the growth and success of the business in its early days.
Essentially, hiring for the first time is something that should be done cautiously and within strict budget guidelines. Oftentimes, networking is one of the best ways to locate quality candidates, however, as a new business owner or entrepreneur to the market, networking is not always possible; instead, recruitment consultancies may be used to screen potential employees.
The cost involved in hiring an employee can be much more than the standard case salary offered; it can include sick pay, maternity benefits, incentives and expenses, and as such, it is important that you consider your financial objectives prior to offering a salary package.
It should also be noted that hiring an employee should be looked at as a long term commitment and so finding the best person for the job is vital. A good tip for first time recruiters to consider is finding employees that have the ability to be flexible in their work – by hiring someone who can assist in more than one area of the company, you can ensure your business operates well with minimum staff during the early stages of development.
The ideal candidate for entrepreneurs or small business start-ups is someone who has the necessary qualifications and experience, and who can work with a great deal of autonomy.
Here are some top tips on hiring for the first time…
#1 Analyze your business needs
Evaluate exactly what your company needs in order to grow and develop in the marketplace. By setting performance objectives and targets, you can ascertain the type of employees and areas of specialization you need to make your business a success.
#2 Be cautious
Hiring a new employee can be a long process and should not be rushed or taken lightly. You are essentially committing to providing a career path and income for someone, which is a large responsibility. The costs involved in hiring new employees can be significant and you must ascertain whether you can afford the addition to the team in the short and long term. Also, you must hire cautiously – this means that you should obtain employee references, conduct background checks, request academic certificates and any other means to ensure that the candidate you believe to be the best person for the job is in fact legitimate.
#3 Consider essential skills and capabilities
Although qualifications, experience and skills may be vital to consider when recruiting a new employee, for some small businesses or entrepreneurs, it is the attitude, determination, and resilience of an individual who also shows potential, which appears to be most important. Oftentimes, the first employees in an organization are faced with more of the initial stress and long hours that a company requires in order to get on its feet. Therefore, hiring individuals based on their commitment and resilience to long working hours and hard work may be key to the overall success in your hiring strategy.
#4 Aim high
Finding candidates who more or less meet your specifications should not necessarily be the go ahead to hire them. Even if your hiring process is taking longer than expected, it is important that you get the right person for the job to avoid complications later on down the line.
#5 Trial and error
Before committing to giving an individual a full time permanent position with your company, you should consider having a 1-3 month probationary period written into their employment contract. After the specified probationary period, if the candidate is not performing as you hoped, you have the right to dismiss him/her.