Hiring your very first employee can be a very exciting time indeed. Not only is it a sign that your business is thriving, but it also shows that your company is also ready to grow and develop to get ready for even more success. However, starting the recruitment process shouldn’t be a decision taken lightly. You need to spend some time figuring out whether or not your company truly is ready for this kind of expansion. If you hire your first employee before you are ready, for instance, you might find that they add an extra strain. Plus, when you are ready to start hiring, you need to make sure you take the following steps to ensure everything runs smoothly.
Check Their Right To Work
First of all, you need to make sure that the all applicants have the right to work in your country. If they don’t, then you shouldn’t consider them in the recruitment process as it could be a legal risk to your company. It’s perfectly fine to hire people from other countries, just make sure that they have all the right visas and documentation in place that grant them the right to find employment.
Get The Necessary Insurance
Whatever you do, make sure you don’t hire anyone without getting the right kind of insurance. Ideally, you should have some employer’s liability insurance as this will cover you against any claims for compensation from your employee. If you don’t have this type of insurance and they put in a claim against you, you could end up at the Eric Palacios & Associates Law Firm and will have to pay the entire bill yourself. At least your insurer will cover most of the legal costs if you take out plenty of cover first.
Register As An Employer
You also need to register as an employer before you bring someone onto your team. This is just so people like the tax man know your situation has changed. Generally speaking, most entrepreneurs register as an employer at least a month before they need to pay their staff. This might be different depending on your unique situation, so it’s worth researching to find out exactly what you need to do.
Sort Your Tax Out
Now that you are an employer, you will find that your tax situation changes. After all, paying someone a wage or salary will affect your company’s financial situation. Plus, you will be responsible for arranging your employee’s tax payments so that they come out of their weekly wage or monthly salary. If you aren’t too sure what you need to do with regards to your new tax situation, it’s worth speaking to your accountant about this.
Draft A Contract
It’s also necessary to right up an employment contract for your and your new hire to sign. This ensures that there are no disagreements further down the road.
Hopefully, this brilliant guide to recruiting your first member of staff helps you find the perfect new employee for your company!
