Hiring your first employee can be an exciting time. It means your business is growing and you need extra hands to share responsibilities. If you are a first-time entrepreneur, there are several important things to know before hiring your first employee. If you are a small business, you may even look at hiring freelancers or independent contractors to fulfill your temporary needs. There are numerous financial and legal responsibilities that come along with hiring employees. So let it be a considered step, instead of an impulsive one.
- Hire sooner
If you expect a seasonal work increase, hire sooner to give yourself some time to train your new staff. Despite the status of the economy, finding the right person for the role will take time and even after hiring, you will have to spend the time to train the new guy. So it is better to hire in advance than to wait until the last minute.
- Hire for skills
It is important to evaluate a candidates’ skill beyond what his Resume says. According to the HR global research, 75% of the candidates inflate their resume. If possible, test your candidates for critical skills before making a hiring decision.
- Know and comply with the law
This is important. Become familiar with labor law requirements and other hiring practices before you send out an ad. Some countries have stringent laws with regard to discrimination, minimum wages, and other employee rights. It is your responsibility to comply with all these laws starting from the actual job advert.
- Get Insurance
Hiring involves risk. To cover yourself from negligence and other eventualities, get your business insured at the appropriate level. Some countries require you to provide insurance for employees too. Get all your insurance in one place to get a better deal.