Hiring your first employees is a demanding challenge for a new company. It takes time to find the right person, vet them effectively, and make them want to work for you. But at the same time, it’s much more vital that you get the hire right the first time. Getting your first employees right can be the difference between a fledgling business that doesn’t grow and a business that succeeds beyond your wildest dreams. Read on to learn what you need to know when hiring your first employees.
The Importance of Hiring Right
There’s no question that the right employees can significantly impact a company, but what about the wrong ones? In fact, studies have shown that the wrong hires will cost companies up to 200% of the person’s salary each year in lost productivity. And that’s not even considering the impact of turnover and the cost of hiring, firing, and training new employees.
Bottom line, getting your first hires wrong can devastate your company’s growth, profitability, and long-term viability. That’s why you must take the time to find and hire the right people. You must find the right people at the very beginning when you have few employees and have yet to prove that your company is a viable business. If your first hires are good ones, they’ll help you get your company off the ground and on the path to growth and success. On the other hand, bad hires can send your company off course right from the start.
What to Look for When Hiring Your First Employees
When hiring your first employees, you’ll want to ensure you’re hiring people who are a good match for your company. You want people who are a good fit for your culture and business goals and will contribute to your success. Of course, you can only hire for some of these things in one fell swoop. Instead, you need to find people who are a good fit for your company and help them grow into their roles and become great employees. That’s why it’s important to take the time to assess what you need in your first employees and then find people who are a good fit for your company. Some things you’ll want to think about when hiring your first employees are:
- What do your company’s values and culture look like?
- What skills and experience do you need from your employees?
- What’s the average salary in your industry and region?
- How many employees do you need to hit your goals?
How to Find the Right People
When you’re hiring your first employees, there are a lot of factors that come into play. One of the most important is finding candidates for your open positions. You want to ensure that you’re reaching the right people for your jobs and getting them the information they need to apply. Take the time to make a hiring plan, and make sure to follow the correct process. Here are a few tips to ensure you find the right people for your business.
- Carefully research the job market – This means more than just looking at what jobs are available in your area. You also have to consider what skills your employees need and what other companies in your area are hiring for. That way, you can make sure that your hiring efforts are as targeted as possible.
- Advertise in the right places – If you put your job postings online, that’s great. But it’s also important to ensure you’re reaching the right people in person. Consider advertising in local newspapers or at colleges and universities in your area. You can also advertise at places like coffee shops, the library, and grocery stores. Follow the correct hiring process.
- Getting your hiring process down pat from start to finish is crucial. Make sure to reach out to candidates promptly, and follow up with them as appropriate. That way, you don’t waste time or lose good candidates.
How to Vet Your Candidates
As you’re hiring candidates for your open positions, you’ll want to ensure that you’re doing everything possible to vet their backgrounds. That way, you can make sure that you only hire employees who are a good fit for your company. Here are a few tips and tricks you can use to vet your candidates.
- Use social media – You can learn a ton about people from their social media profiles. In fact, you can even use social media to do a background check on candidates. Make sure to follow the rules for using someone’s social media information; while it’s not illegal in the US, in the UK, there are guidelines companies must follow to adhere to GDPR.
- Check out their online presence: You can also use tools like Zoominfo to find out more about your candidates. This can help you learn more about their work histories and even get a sense of their personalities.
- Ask the right questions – As you’re conducting interviews with candidates, ask the right questions. This can include questions about their work histories and any red flags you may have found during your background check.
When to Move Forward With a Candidate
After you’ve gone through the hiring process and you’ve got a few candidates for your open positions, it’s time to decide who stays and who goes. This can be an incredibly tough decision, but it’s also essential. You want to make sure that you only hire people who are a good fit for your company. That way, you avoid hiring people who could end up causing problems for your business or who don’t want to be there in the first place. While you can’t know for sure if a candidate is a good fit for your company until they’re working for you, there are a few ways you can make better hiring decisions. You can ask them questions about their interests and goals and what they want in a job. You can also ask them about their career histories and any red flags you may have uncovered during your background check.
Don’t Forget About Culture and Company Culture at this Stage
While you’re considering candidates for your open positions, it’s also essential to think about culture. After all, hiring someone who is a good fit for your company but doesn’t fit into your culture won’t do your business any favors. And while hiring for culture can be difficult, you can do a few things to ensure you only hire people who fit in with your company.
- Create a hiring plan – First, create a hiring plan. That way, you can ensure that you’re hiring for the right things at the correct times.
- Interview for culture fit – Interview candidates for culture fit during the interview process. This can include asking them about their interests and what they do outside work.
- Ask questions related to company culture – As you’re interviewing candidates, ask questions related to company culture. This will help you determine whether a candidate is a good fit for your company.
Putting Employees On The Payroll Legally
Once you’ve hired your first employees, you’ll want to ensure that you’re legally putting them on the payroll. You want to be sure that you’re paying them correctly and thoroughly and that you’re meeting your legal obligations. That way, you don’t run the risk of getting audited or having to pay huge fines. You should also consider how frequently you will pay them and via what method, e.g., cash, cheque, or bank deposit. This post on Salary Vs. Hourly Pay: The Complete Manager’s Guide can give you more insight.
You should keep a few things in mind when putting your first employees on the payroll:
- Make sure you have written contracts with them and that you’re legally putting them on your payroll.
- Ensure that you’re paying your employees according to the law and paying them appropriately based on their experience and skill level.
- Ensure you’re meeting payroll tax requirements for you and your business.
There’s no question that hiring your first employees is a huge step and a massive commitment; however, when the time comes, you need to pay attention to the hiring process to ensure you are hiring the right people to support your business and take it to where you want to go.