What Should An Entrepreneur Look For When Hiring A New Employee
- Written by admin
Congratulations!
If you’re looking to hire a new employee that means you’re business is growing and it’s time to make some important decisions on the best person to fill this vacancy.
Sometimes this experience can be stressful if you’ve never hired someone before this process can also be a little overwhelming.
It’s not as easy as just saying “You’re Hired” there is a lot that goes into making a decision that will be best for your business in the long term.
In this post we’ll cover what an entrepreneur should look for when hiring a new employee and some tips that every small business owner needs to know.
Tips For Entrepreneurs Hiring New Employees
- File An EIN – An EIN is a federal tax ID assigned by the IRS. The IRS can track your business with this number and ensure that it’s collecting payroll tax.
- Fill Out Form I -9 – This document is used by the IRS to verify an employee’s identity and employment authorization.
- Fill Out Form W-2 And W-4 – This form allows federal income taxes to be withheld from the hires and must be signed and completed when the hire starts work.
- New Hire Benefits – benefits tend to vary from business to business
so determine what you will be offering to your new hire.
Knowing this upfront can eliminate a lot of headaches later on.
If you have more questions about tax questions it’s best to get in touch with your CPA they can help you with this process and answer state specific questions.
Traits To Look For To Know If Your New Hire Will Be A Good Fit
The person with the best resume and list of references may not be the best fit for the job…
As an entrepreneur you should look for the qualities listed below:
- Did They Bring More Than A Resume? A well-prepared candidate will have supporting documentation along with their resume. Also, they should provide you with resume, references, any other supporting material before being asked. This shows someone who is well prepared and pay attention to detail.
- Do They Ask Questions? One of the worst things to experience is to end an interview and ask if they have any questions and hear them say NO. That shows that they have very little interest in the position.
- Does Their Personality Fit? Probably one of the most important factors in deciding whom to hire is their personality. Will you be mutually comfortable working together and will they fit in with the culture. Sometimes it’s more important to have this piece of the puzzle over a perfect resume. You can always train them to do the job if you connect on a personal level.
Other Factors Every Entrepreneur Should Consider Before Making A Hiring Decision
Now it’s time to create a list of questions to ask during the interview process.
Below is a list of the Ten Most Asked Important Job Interview Questions To Help you Determine The Right Candidate:
- Tell Me About Yourself
- Why Should We Hire You
- Why Do You Want This Job
- Tell me about a time where you had to deal with conflict on the job
- Can you describe a time when your work was criticized
- What salary are you seeking?
- What kind of goals would you have in mind if you got this job?
- What do you see yourself doing within the first 30 days of this job?
- What are you most proud of?
- What do you know about our company?
Of course there are hundreds of questions you could ask and come up with to help you make a hiring descision, but this list should give you a good start.
My Final Thoughts On What An Entrepreneur Should Look For When Hiring New Employee
It’s exciting time to hire a new employee especially if you found the right match for your business.
On the other hand, if it’s your first time it can be stressful but you will learn a lot from it.
Just know that it gets easier each time and this is about growing your business to the next level…
…So do your best to find the right fit for you and the culture of your company.
This could mean giving yourself the needed time in order not to make a rush decision you could regret later.
Get in touch with your CPA if you have any tax questions and prepare a list of interview questions that will help you select the best match.
Feel free to leave your comments below and make sure to subscribe for cool stuff that only my readers receive.