When economic troubles occur, small business are generally hit hardest, but there are many benefits throughout the recovery that big businesses don’t necessarily see. Small businesses often have an advantage when it comes to hiring, but there are some things business owners should consider when finding new employees.
Even if your best friend has some experience in the business, you should only offer the job to someone who will excel in it and who can fulfill the duties without constant direction. Instead of using your current network of friends and family members as a pool for potential employees, try participating in a local job fair or use a recruiting service if you are new to an area. This will ensure you get professionals who are actively seeking a position.
With a small business, it may be more difficult to take on additional work should an employee suddenly leave or become unable to work. Rather than hiring the first applicant you receive, be sure to take your time filling the empty position. This can help lower the chances that you will be in the same position after just a couple months of employing someone who isn’t the best fit for the role or your company. Additionally, you will want to hire someone who is a lower risk to your company, thus possibly preventing you from having to file a commercial insurance claim because they are unable to perform their responsibilities safely.
Be sure when seeking out new employees that you are looking for people who can grow and mature with you. Even if your employee is happy with the company, they make seek a job opportunity somewhere else if they don’t have the chance to move up or make a higher salary. When interviewing prospective hires, you should be aware of their career goals and determine your ability to get them to that level. You won’t want to hire employees that don’t have drive or ambition. Moving up in larger companies can be more difficult, while this is one advantage employees have when dedicating their skills to your small business.
While recruiting from your competitors may not be allowed, you will want to be sure to explain benefits of working for your company versus those who hire employees with the same skill set. When determining what benefits you will want to offer, be sure to mention your health care options, worker’s compensation insurance and your schedule for sick and PTO days.
Before you start hiring for your small business insurance company, be sure to have specific goals. Thinking long term compared to short term is important, as knowing how big you want your business to eventually become will help you hire for the right reasons. Keep this in mind when conversing with those you plan on bringing onboard, as they will want to work for an up-and-coming company too.
More than anything, be sure that your behavior is equally professional and inviting. You may determine that you want an employee for your business but they will have to also want you as an employer . This should be carried throughout their employment with your small business. One way to ensure your employees are happy is to practice open communication and with less employees this should be easier to complete. Happy employees typically provides better performance, and you will be better able to build a strong company.