How to Hire for Your Small Business

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You should be asking yourself a few questions before you begin the hiring process for your small business. Why have you decided to hire someone? Does this reason highlight a fundamental problem within your business? Will hiring someone help you with your long-term goals? Can you afford to hire anyone right now? If you’ve considered these concerns and you’ve decided that you need to hire a new employee, take these steps to ensure that you have a smooth hiring process.

Have A Detailed Job Description 

To hire qualified employees for your small business, make sure your job listings have detailed descriptions for the position you’re hiring for. Job descriptions should include the purpose of the role, specific tasks the employee will be performing on a day-to-day basis, and what characteristics and qualifications the employee should have. Be sure to list required application materials, such as a cover letter and a resume. Include some background information about your small business so that potential candidates will have a better understanding of your business. List any perks that your small business offers its employees (e.g., commuter pass, free snacks, etc.) to capture the interest of potential employees.

Have A Thorough Hiring Process 

Evaluate each application carefully to see if the candidate’s cover letter is up to your standard and if their resume reflects relevant experiences. If you’re satisfied with the candidate’s application materials, set up a phone or in-person interview to get to know the candidate better. During the interview, ask behavioral questions to assess the candidate’s qualities and see if they match your small business’s needs. It is also important to ask about their past experiences to determine if they are relevant to the position. Have the candidate interview with multiple people to better evaluate their skills and characteristics. Once you have an understanding of the potential employee, you can consult with the other interviewers before making a final decision. Reach out with an offer soon after the interview to secure the position.

Be Prepared For Extra Expenses 

When you hire a new employee, you’ll need to be prepared to pay his or her wage and any expenses for onboarding and training. If your small business really needs the extra hands, but you don’t have the funds to pay for another employee, consider borrowing funds from a bank or alternative lender. Some online lenders such as CAN Capital or RapidAdvance will provide merchant cash advances for small businesses, essentially giving you an advance on future credit receivables in exchange for a fixed percentage of your daily credit or debit card sales. Other online lenders such as OnDeck or Kabbage can provide lines of credit, which allow you to draw a certain amount of funds when you need it to cover your expenses. This flexibility may be exactly what you’re looking for to help cover additional payroll costs, and taking these extra steps will help prepare your small business for the hiring process.

Provide Performance Feedback

During the first few weeks that a new employee is working at your small business, be sure to train them in their role. A good training program involves showing the new employee how to do a sample task, teaching them any necessary skills for the job and helping them envision their role within the business. It is best to have them start out on a small project and learn the ropes one step at a time. You should also provide a brief orientation, introducing the new employee to the other employees in the small business and giving them a tour to show them where everything is located. Owners should also handle any administrative onboarding right away, including any paperwork for the job offer and federal W-2 information. Allow the new employee time to learn about their job, ask questions and adjust to working at your small business. After a few weeks, sit down with your new employee to review their experience, discuss any concerns and provide constructive feedback about their performance. Make notes of the most effective methods of your hiring process so that the next time you hire a new employee, you are even more prepared.

The article How To Hire For Your Small Business originally appeared on ValuePenguin.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: Business , Small Business , Entrepreneurship

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