Are you ready to take on employees?

Are you ready to take on employees?

Operations | Posted by - July 4, 2014 at 12:00 am

If you are self-employed and have been wearing many hats to make a success of your small business, it might be time to expand. To maintain or increase your level of production, you may have to delegate some tasks. You could outsource work, but it might be more useful and profitable to have someone on-site. In fact, it may be the only way for your business to grow.

Can you afford to hire someone? Make sure your cash flow will allow you to pay salaries on a regular basis. Perhaps your business qualifies for wage subsidies. You also need to assess whether the position is part-time or full-time. You may be able to start with a freelancer or consultant, or even an intern.

Keep your eye out for someone with a skill set unlike yours, so that you can optimize multiple talents. Capture your needs in a detailed job description, and target your recruiting accordingly. It's a good idea to set aside enough time for interviews and reviewing candidates attentively to avoid hiring in haste.

Once you decide on the best candidate, there are more steps to take:

  • Prepare a letter of offer or contract (including job duties, work hours, salary, benefits; dress code; WHMIS training).
  • Register for a Business Number if you have not already done so.
  • Make sure you understand employment standards.
  • Get the employee's social insurance number.
  • Have the employee fill out a Personal Tax Credits Return – Form TD1.
  • Calculate and withhold payroll deductions.
  • Train the employee for the particularities of the job.

There are other considerations for you to mull over, including whether you need to change any of your own work habits. Also, if you work at home, does the zoning permit you to employ someone there? Will the addition of any more employees require you to move to a larger space? What type of insurance will you need?

Hiring your first employee is a costly commitment, so take the time to do it carefully. You may have to give up a bit of control, but this could open the door to the growth that leads to success. Get a head start by looking at our sections on hiring employees and employment standards.

Tags: business growth, employees, employers, hiring

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