Join MoneyMagpie today!
Log in or Register.
Jul 09

4 Things To Consider When You Are Employing People For Your Business

Reading Time: 2 mins

Hiring the right people for your business is vital. Having the best employees can make or break the success of your company so getting it correct the first time saves you time, money, and stress. If you’re looking to expand your staff, read on for some helpful tips and information.


  1. Hire A Labor Lawyer

Anyone that you hire will work at the mercy of their contract. Having a watertight contract in place before an employee accepts the job is beneficial for all parties. A good labor lawyer will be able to draw up a contract to appease both you and your new staff member. It will offer guidance for the employee and help them better understand what is being expected of them. It will also put into place all of the details around vacation days, pension pay, sick pay, and parental leave, so there will be no room for confusion for yourself or your staff. A solid contract will foster better working relations as there is a concrete set of rules and expectations and there can be no questions around what you need from them, and in turn what they can gain from being employed by you.


  1. Schedule Multiple Interviews

It’s best to have a wide range of candidates to interview rather than just pick the best two on paper. It’s so difficult to glean knowledge about a person without meeting them face to face, so schedule several interviews to see who the best fit for the company will be. Select two or three ‘safe’ options – people who have a great resume and plenty of experience. Then select two ‘wildcard’ options – people who may not have the exact experience for the role but who have good transferrable skills and a background in something interesting. These wildcards may be able to offer a whole new perspective to your business. Maybe you have a shop and need a Sales Manager and your wildcard candidate has been working as a Carer. That candidate may have a plethora of skills such as customer service, determination, and a sunny disposition that would work great in your business. You’ll never know unless you meet them in person!


  1. Consider Salary Expectations

It’s tricky to please everyone when it comes to pay. Your candidates may likely want more money than you can offer, particularly if you’re a relatively new business. Think carefully about your priorities. If you have the perfect person for the job with high expectations, they may just well be worth the extra payout. It’s better to have the right staff that will ultimately grow your company than to be cheap and have someone mediocre with less drive and ambition.


  1. Check (And Double Check) Their References

References are more important than most people realize. You may meet a candidate and be blown away by their skills and attitude but the information they provide must be verified by previous employers. Even if their skill set is not relevant, it’s key that you are hiring someone you can trust, and checking their background out to let you know how reliable and honest they are.


Have you recently hired new staff for your business? Share your top tips in the comments.


Disclaimer: MoneyMagpie is not a licensed financial advisor and therefore information found here including opinions, commentary, suggestions or strategies are for informational, entertainment or educational purposes only. This should not be considered as financial advice. Anyone thinking of investing should conduct their own due diligence.


0 0 votes
Article Rating
Notify of
Inline Feedbacks
View all comments

Related Articles

Experian Financial Control

Make Money and Save Money

ideas for everyone
Send this to a friend