Getting into business is difficult, especially for those who have never run a company. It can be especially challenging to start a new venture; if you are at the point where you are considering hiring someone to help you overcome some of the growing pains, congratulations.
Getting the first employee on board is a significant step for any new business owner. You’ll need to ensure that you can afford to hire someone and that they will be a good fit for your company. In addition to this, you also need to consider other factors to make the hiring process easier.
Make Sure You’re Financially Prepared
Before you hire someone, make sure that you thoroughly check your books to make sure that you are financially prepared. You’ll also need to determine whether or not you can afford to provide benefits and salary.
Ideally, this new employee should be able to help you grow your company and bring in additional revenue, but it might not happen immediately.
If your company is a venture-backed startup, you may be able to offer equity to your first employees. Although you may not be able to afford these benefits, many candidates value the professional growth and additional responsibilities that small businesses offer.
You should also consider other costs associated with hiring a new employee, such as payroll taxes, training, and equipment.
Before starting the hiring process, make sure you spend some time with the candidates. This will allow you to better understand them and their skills. If you need to hire someone quickly, consider bringing them on in a contract capacity. For instance, you could pay them to work on a single project and then bring them on more permanently.
You can see how your contract workers perform by testing them, as you may have concerns about their abilities or if they’re willing to go the extra mile. This will allow you to assess whether or not they’re interested in working for you. It also helps employees determine if they want to work for you, as life in a startup can be challenging for some.
Pick Someone You Work Well With
Before you start hiring, ensure that you find an individual who is committed to your business and willing to give a lot of their time and effort to help you grow. This person also needs to know that the biggest rewards may not come for a long time.
You should also look for traits such as a strong intellectual curiosity, a passion for working with others, and a willingness to collaborate seamlessly. You need a team player who can find new opportunities as your business grows.
One of the most important factors you should consider when hiring a new employee is ensuring that they can fulfill the tasks that the founder currently does. This will allow you to give the founder more time to focus on other areas of the business. Before you start hiring someone, make sure that you thoroughly consider the various responsibilities that the new employee will be handling.
Make Sure You Fulfill Legal Obligations
Many legal responsibilities come with hiring a new employee, and it’s important to be prepared for them ahead of time. Before you start the recruitment process, make sure you’ve taken care of the essentials.
In addition to ensuring that their work eligibility is complete, make sure that they are also aware of the various responsibilities that the new employee will be handling. You may not be required to provide benefits, but there are regulations that you should follow. You should also consider conducting a criminal background check on potential employees, as some states have restrictions on the use of this procedure. Legal interview questions are also off limits, such as ones related to their protected status.