Thinking about hiring employees?


Small business owners sometimes feel at a disadvantage when it comes to attracting and recruiting new employees. The notion that smaller companies can’t offer the same stability or attractive pay scales as their larger counterparts might fuel that perception. But there are certainly benefits that come with working for a small business–and as the employer, it’s your job to make them known to prospective employees. But how do you know when it’s time to add new employees and what can you do to ensure you get the very best?

If you are a very small business hiring new employees for the first time, there are many guidelines and regulations of which you need to be aware.It all starts with the job description.

The first step in hiring is to write a job description for the position you are looking to fill. Take as much time as you need and think of every possible responsibility that the available position might cover. The more accurate the job description, the more likely you’ll have a satisfied employee once they come on board.

Know the regulations.

If you are a very small business hiring new employees for the first time, there are many guidelines and regulations of which you need to be aware. This includes such things as obtaining an Employer Identification Number and setting up records for withholding federal and state taxes. There are many websites to get you started; visit business.gov for helpful information.

Review your benefits package.

More than ever before, today’s workers are thinking about the importance of benefits. Take a look at your benefits package and see if it is competitive. When you compare insurance premiums against the cost of losing a really good employee, you may discover it will cost you more in the long run if you don’t offer certain benefits.

Consider other perks.

There are other things you can do to attract a strong talent pool to your small business. You may be able to offer greater flexibility to your employees, through telecommuting or flexible scheduling. In general, it is wise to offer a family-friendly environment. Support your employees in the best way you can and they will build a strong sense of loyalty to you and your business.

Remember, little things mean a lot.

In a small group environment, you may be able to offer lunch on occasion or host social events. Little things like this go a long way toward building a positive work environment and attracting good people.

Safety matters.

Try to make the physical environment as safe and employee friendly as well. Everyone wants to have a sense of pride about where they work and to know that it is safe and clean.

The bottom line, however, will always come down to the salary you can offer. As a small business it can be difficult to compete with larger corporations. But keep in mind that if you’re serious about growing your business you will need bright and highly motivated employees. It’s wise to know the going market rates for the positions you are looking to fill. What seems like a high price to pay may end up being the best deal you ever made. After all, really hard working employees generally have options–and you want your company to be the option they choose.

 

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