Becoming an Employer for the First Time

Last Updated on May 16, 2024

At some point, many of us decide that we no longer want to work for someone else. We’ve done our time developing other people’s businesses and putting effort into lining other people’s pockets, and now we’re ready to go it alone. Whether you’ve decided to launch a business in the same sector you were employed in, or to try something new, perhaps finding ways to make money from your hobbies, it’s exciting, and a great way to add more flexibility to your working life. 

But, it’s also a risk. One of the ways that we reduce the risk and cut expenses in the early days is to avoid hiring staff. We try to do as much as we can for ourselves and outsource to freelancers or call in favors when we do need help. 

If everything goes well, and business grows, we one day might decide to hire staff, or at least to hire an assistant. This is a big step, but undoubtedly one which allows you to grow your business. Once you employ staff, you finally have the chance to focus your own energy where it’s needed the most, instead of being a jack of all trades. You also have the opportunity to hire quality and to offer training, which can mean that experts in your field staff your business. It really is the next step towards the big time. But, it’s not an easy decision, and if you are considering hiring for the first time, here’s a look at some of the things that you should consider first. 

Consider Your Needs Carefully

The last thing that you want to do is rush out and hire staff that you don’t really need, or staff that you won’t need for long. You’ll only have to let them go again, which can lead to contractual issues and loss of income. 

So, before you hire, take your time to think about what you really need. Do you need a full-timer? Would more flexible part-timers be better? Is this going to be a permanent position? 

Write a Detailed Job Description

Now you know what you need, you need to be able to find them. You certainly don’t want to bring just anyone into your business. Writing a detailed and honest job description can help you to attract the right people. 

Understand the Costs

Yes, you are going to have to pay a salary. But you will also have to pay for employers’ insurance, for uniform, recruitment, advertising, and training. You might even need to buy extra tea bags for the office. Make sure you fully understand all of the related costs of bringing someone else into your business. 

Don’t Forget Safety

First, decide whether you want your new team to wear uniforms. In most industries, this is optional, but can be effective. Then, think about the tasks your employee will be carrying out and ask yourself if they will need any protective clothing.

Get Help with Contracts

Whoever you employ will need a contract, to protect both you and them moving forward. Get help drafting these out if it’s the first time you’ve had to do it.

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12/26/2024 09:48 pm GMT