When you start your own business, you have a lot of responsibilities on your shoulder. One of the major tasks is finding reliable and experienced staff.
Deciding on the Pay Factor
Depending on the tasks that you need to allocate, you need to decide if the employee will be hourly or salary based. You also need to know the difference between salaried and hourly employees and how their wages need to be calculated as per the standard salary laws.
Ensure that you abide by the federal and state laws when it comes to paying your employees. You can even have a legal representative look into your salary structure to get a proper clarity.
If you works require employees to spend more than 40 hours per week, then you need to pay them salaries. If you work requires employees to work overtime frequently, then you can outsourced these works to freelancers and pay them on an hourly basis. Secondly, if you plan to hire people for managerial positions, then the salaried option might be the right decision for your business.
There are many people out there looking for making some extra money. You can maybe start a parking lot business and hire people to park cars or issues tickets. You can have payment slots allocated for parking for each hour.
Tips to Hire Your First Employee
The hiring season is the most exciting time for any business. If this is your first time on getting people on board, then you need to follow the below tips:
- Ensure that you hire the right person for the job
- Do not go by experience, but go by their actual skill
- Ask them to demonstrate their skill by assigning them certain tasks
- If your business is in partnership, ensure that all the partners are present to interview the person
- Do not wait for the right opportunity to hire a person, provided you have salary to pay them
- Ensure that you have the legal process in place to carry forward the on boarding formalities
Hiring employees for the first time can be an overwhelming experience. Try to be calm and patient while selecting employees so that they remain with you for a long time.