5 Things To Note When Bringing on Employees For Your Business
Posted on January 21, 2015
This year, I hired two new employees. I’ve had employees working for my business for the past two and a half years. There are a few things I wish my fellow business owners would have told me before I started hiring. Hopefully, these notes will help you with your business:
- Hiring People Doesn’t Necessarily Mean More Money. In order to be successful as an entrepreneur, you don’t need to have employees, and you don’t need to be a millionaire. As an entrepreneur, you create and define your own successes. If you want to hire people ask yourself WHY? What is the purpose of bringing these new people on? Make sure you are hiring because you need the extra hands in order to grow and not because it “sounds cool” to have employees. Remember, that sometimes bringing on employees can actually LOWER the amount of money you are taking home at the end of the day. After all, you have to hit that payroll every two weeks.
- Employees Talk To Each Other….About You. Bringing in other personalities and other people means new opinions, new conversations, and even some conversations about you that don’t include you. You are used to answering to yourself – well now you have employees to answer to as well. They might ask questions about things you’ve never considered. They might come to you and say, “we’ve discussed….” And make you feel ganged up on at times. Be ready for everything and understand that they are going to speak to each other.
- Employees Take Lots of Time & Attention. When you hire anyone new you have to do a lot of “swooping in and saving the day” as I like to call it. Instead of focusing on your own workload you focus on helping your employees with their work load. Be aware of this as you have to keep the train moving and you don’t have too many hours in the day. Make sure you set aside time to work on your own stuff as well.
- Make An Employee Handbook. One of the biggest mistakes I made was not having an employee handbook. So many situations have popped up with my employees where they’ve asked what a certain policy is and I didn’t have anything in place. For example, my cousin died, how many days do I get off? How many vacation days do I get? Does the company pay for maternity leave? I just finished an employee handbook so I always have an answer and a policy in place in the future.
- Put Everything in Writing. If you give someone a raise or commission or a bonus- always put it in writing. Track everything you promise people so there are no discrepancies.