Tips for Hiring Employees for Start-Ups
When you constantly feel the need to get help in running your business operation, that is when you know you need to bring in your first employees. With new individuals in the picture, you lose some level of control over your business and you require taking some steps to ensure that your business remains secure. The following are the five things you must consider before hiring your first employees.
The first thing you must do before making your first hire is to register your business. This is important to legitimize your business according to all set guidelines like taxes, social security, etc. It is a great foundation that will give your company stability as it grows.
Next, you must take business insurance covers for your company. Business insurance covers necessary for your company are numerous, but the most important insurance policies for your employees are general liability, professional insurance and workers compensation covers. The workers compensation cover is makes sure that your staff’s medical bills and salaries are catered for when they fall ill or get injured while at work.
The general liability cover protects your business from the various types of claims that can be made against your company. They include; accidents, injuries, claims of negligence, property damage, medical expenses, libel, slander, legal costs, and faulty products. A professional insurance cover caters for claims of negligence in providing professional services, errors, and omissions.
Another thing you must do is to come up with a training program for your employees to enlighten them on how you would like them to do their work and the safety precautions they must observe. This is important to minimize the types of risks covered in the ideal insurance covers mentioned above. Make sure that you maintain a file for your employee’s training records and include signed sheets for every training module they take. This is evidence that you train them and use it as leverage for your business.
Prepare a contract for your employees before you hire them. Giving an employee a contract is important because it outlines the terms and conditions of their employment, their responsibilities, and their rights. It is great document for the both of you because it ensures compliance with all set guidelines.
When recruiting your first team, make sure that they are proficient. This is important because your interest will be growing your company and having people that know what they need to do allows you time to focus on other things. Well-informed staff in any particular field usually help business develop with their contribution. Ensuring that they are aware of your objectives and principles puts all of you on the same agenda.
Lastly, use a pay stub for their remuneration. A pay stub is necessary to explain the particulars of an employee’s salary and helps you to keep records for their payments. It is also proof that you pay your staff and show what you pay for.