5 Tips For Hiring Your First Employee

Are you ready to hire your first employee?

Congratulations!

Reaching the stage where you can afford to take someone on board is an incredible milestone. Not only does it mean you’re doing well financially, but it will also help you free up some time to grow your business while relying on an expert to perform specific tasks, maybe even better than you could.

But that’s if you find the right person for the job.

To help you succeed in this task, we’ve highlighted below five tips for hiring your first employee.

How To Hire Your First Employee

Decide On The Type Of Employee You Need

The first step is to assess your business needs and ask yourself the questions listed below:

• What tasks do you want your recruit to perform?
• What qualifications do they need to hold?
• What skills are critical for the job?
• Will this be a temporary or permanent role?
• Will this be a part-time or full-time position?

Knowing exactly what you’re looking for is key because it’ll allow you to craft a detailed job description when advertising the position and attract the right profile, saving you time and hassle. 

Evaluate The Costs And Impact On Your Business

Before writing an ad and posting it on local employment marketplaces, you need to ensure you can afford this new person. Some of the financial items you need to consider when hiring someone include:

• Wages
• Recruitment costs
• Overtime
• Superannuation
• Tax
• Potential changes to your workplace to make it safe

Using this, you can estimate how much your new employee will cost you. 

Note that you also need to ensure you’re providing them with a suitable work environment and adequate supervision.

Ask The Right Questions

As a small business owner, you’re probably extremely busy. This means you don’t have time or money to waste hiring the wrong candidate.

Therefore, prepare the interview and tailor it to the job.

Some of the key questions you should ask during the interview process include:

• How do you see the day-to-day responsibilities of the role?
• Can you tell me about your current position and how you think it makes you a good candidate for the role?
• Why are you applying for the role?
• What accomplishment are you the proudest of?
• Whether they have the rights to work in Australia

Provide Induction

You want your new employee to take the initiative and be self-sufficient. But throwing them in the deep end on day one could impact their motivation and deter them from staying in the position.

As an employer, you need to instil a supportive company culture, starting with a well-rounded induction. The induction process is key to creating a strong relationship with your new employee, sharing your vision with them, and giving them all the tools they need to perform their job efficiently.

Be Familiar With Business Insurance

As a business owner hiring a new employee, you need workers’ compensation insurance in case your employee hurts themselves on your premises or while performing their job.

But that’s not all. You also need public and product liability insurance. This type of policy covers you and your business (including your staff) if one of your clients gets injured or their property is damaged due to your business operations. 

To find the best insurance for your business, don’t hesitate to check our instant quote generator, where you can get an estimate on market-leading insurance in seconds. 

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