For an entrepreneur, hiring is one of the key factors that can influence the success of his or her organization. An employer needs to hire individuals that are committed team players and are passionate about their careers. Employing “okay” people rather than “great” people will mean the difference between mediocrity and business success. Whether you are considering hiring temporary contractors who will receive contractor pay rates for their work without the business incurring any further expense related to their employment, or permanent employees, is something that needs some serious consideration. After all, an efficient workforce team is the backbone and foundation of every successful business.
When looking for a competent team to work in your business you need to note the following important points to assist you to make the right decisions:
Contract of employment
Compile a proper company contract of employment. It should contain all the information that the employee needs to know. Specify clearly in the document what information, material or knowledge of the business you do not want shared with any third party.
When you have decided to hire someone, you should specify the terms and conditions of the job in a letter that also indicates the new employee’s start date, Title, position, benefits, and the salary to be paid must be included. Differentiate between permanent employees and independent contractors since any misclassification could result in legal liabilities and possible penalties.
Create an employee handbook
Have a detailed employee handbook that sets out company policies and informs the person what will be expected from them, and the rules of behavior at work. It should also contain information outlining benefits available to them, vacation policies, sick leave entitlement, personal days, flex time and maternal/paternal leave.
Know the law
Some knowledge of business law is another priority for every entrepreneur. You do not have to be an expert, but it is advisable to acquaint yourself with federal and state hiring practices so that you can create policies that prohibit unlawful harassment and discrimination in the workplace.
Keep up to date
It is important for an entrepreneur to always be up to date with the ever-changing employment laws. Regular employment updates from specialists are crucial to avoid potential liability.
In order to hire the perfect candidate to work for you it is necessary to follow a few established practices. They include the creation of candidate profiles, setting out the job requirements clearly and developing a thorough interview plan.
Detailed dismissal procedure
Entrepreneurs should have a clear and detailed procedure established that is to be followed when firing an employee is unavoidable. Such procedures should be followed according to the current and regularly updated employees’ handbook of your company. Failure to adhere to the guidelines outlined may result in employees’ seeking compensation for wrongful dismissal.
Be sure to revise your employees’ compensation plan with your insurance broker or states’ employees’ compensation office.
When interviewing potential employees, take notice of your intuition and choose candidates with whom you genuinely feel you would enjoy working. Hiring the right team requires thorough interviewing and screening for integrity issues. After all, you do need a competent team if you are to drive your business to great heights.