Small businesses played a strong role in the contribution to the US economy in 2019. According to the Office of Advocacy of the US Small Business Administration, 99.9 percent of all American businesses are start-ups. These businesses hired 47.3 percent of the country’s entire workforce. For small business owners who want to open up their company to hire employees for the first time, the task of searching for the right person to join the team can get overwhelming.
To build a successful start-up, the first strategy is to learn all the secrets of hiring good staff members. If you own a start-up business and plan to expand your team by hiring your first employees, here are some useful tips for a less complicated hiring process.
Search for Potential
Experienced hiring managers can determine who among the jobseekers have the potential to provide a valuable contribution to the company. But if your start-up does not have a hiring manager, resulting in the task of hiring employees in your hands, you need to know how to decide between those with potential and minimal experience and long-time veterans in the field. Try to find out the applicant’s skills and passions. It will help you determine if they are capable of achieving all the required tasks in your company.
Acquire the Right Insurance Coverage
Several states in the U.S. require employers to pay for their employee’s salaries when they encounter an accident during their time at work. These states include California, New Jersey, Hawaii, Rhode Island, New York, and Puerto Rico. To save yourself and employees from these extra expenses, the best option is to apply for workmen compensation insurance as soon as you have hired new members for your team.
Comply with The Labor Laws
Before your first employee can start working, you need to gather all the necessary information about your new staff and keep them on file. The US Department of Labor listed some important details that all new hires must provide. This includes the person’s legal name and social security number, complete mailing address, sex, and prior occupation. You also need to know their birthdays if they are under the age of 19. Also, you must keep track of your employee’s regular work schedule, including the hours they rendered at work every day and the total hours completed each workweek. The employee’s regular hourly pay rate and total earnings gathered every work week and all the additions and deductions on their pay should also be on the record.
Hiring your first employee and being someone’s boss is one of the most exciting parts of owning a business. But the process can get intimidating if you do not understand how to choose the right person for the job. Just make sure you comply with all the legal processes of hiring a staff to avoid any problems with the law. More importantly, you need to trust your instincts to know if the person applying for the job is trustworthy and reliable.
