Starting a business isn’t easy and there are countless setbacks everyone will face, but if you’re in a position where you need to hire a team of people to help out, things are likely heading in the right direction and this should be celebrated – but not before you hire the right people.
Hiring for any job vacancy is a high risk because someone could have all the best credentials and they might interview exceptionally well, but they could get into the role and underperform. For established companies this can be expected and whilst it’s annoying, it won’t largely affect the business. For a new business, though, hiring the wrong staff, in the beginning, can be the difference between success and failure because the stakes are so much higher and you’ll still be in the stages of trying to build a good reputation for yourself.
So, before you start hiring people quickly to fill the roles you have, bear the following tips in mind and your business will stand a much better chance of flourishing.
1. Experience
One of the largest problems in the job market is that there are a lot of younger people looking for work, but they don’t manage to find any because of a lack of experience. We’re all for giving people a chance because everyone has to start somewhere, but if your company is new, it’s a good idea to hire people who are experienced.
They will be able to use their industry knowledge to your benefit and help you get off to a good start. Later down the line, should your business grow and progress, you can then look to take on younger members of staff and train them under the watchful of someone with more experience.
2. Enthusiasm
Every employer wants to hire someone who’s enthusiastic about the role, but for a new business, this is more important than ever. You need to surround yourself with people who believe in your brand and who are willing to do what it takes to make it succeed. They need to be exceptionally passionate and excited about the brand. If an employee isn’t passionate about their work, it will be mirrored in the quality of work they produce.
The last thing you want as a start-up company is to have people on your team who don’t match your drive and enthusiasm levels because they will end up holding you and your business back, and it could cost you growth, customers, and money.
3. Salary
As a new business, you likely don’t have a huge amount of disposable income that can be spent on paying big salaries for your employees, but you will want to at least try and match the salaries in the sector where you can. For a lot of people, salary is secondary to the working environment, but it still needs to be loveable. Some sectors will inevitably have higher basic salaries than others. For example, a sales salary can work on commission with a smaller base income, but a healthcare salary won’t work on commission so needs to compete to attract reliable talent in the sector.
When your company picks up, you can always up the salaries of your workers in line with business growth, but until then, don’t break the bank to pay wages – make sure you’re paying your candidates a fair wage but work on the premise that it’s conditional. You won’t be able to compete with larger competitors in the early stages and that’s okay; don’t pressure yourself and put your business under serious strain to accommodate wages that you can’t yet float.
Summary
These are just three tips to help you hire candidates for your new business. Hopefully, they help you in your new venture!
