As a new business owner, you may feel you can manage your workload single-handedly.<\/p>\n
<\/p>\n
However, this will not always be the case.<\/p>\n
As your business grows and evolves, you will eventually need an extra set of hands, meaning you will need to bring people on board.<\/p>\n
The recruitment and onboarding process is an integral part of running a successful organisation. But what do you need to consider beforehand?<\/p>\n
Which areas require support?<\/strong><\/p>\n First and foremost, you need to figure out why and where the additional support is needed.<\/p>\n Review your business\u2019s output to identify where there are gaps, or signals of increasing demand that you would be unable to cope with.<\/p>\n If you are not currently at capacity but aim to be in the future, you need to be realistic about whether taking on an employee would be sustainable.<\/p>\n Think about what the employee would be doing daily. Are there specific skills that you are lacking and need support with?<\/p>\n You must have a clear understanding of what the employee’s role would be and how they would contribute to the business\u2019s overall goals.<\/p>\n Forecasting can help to predict the potential revenue that the employee will generate.<\/p>\n How much will this cost your business?<\/strong><\/p>\n When you are satisfied that taking on an employee is justified, you need to decide on a suitable wage to offer. Research similar job listings to get an indication of what you should be offering.<\/p>\n You should also look at your business\u2019s finances to confirm a salary range that would be sustainable.<\/p>\n Make note, you must pay any employees at least the National Minimum Wage and give them 5.6 weeks paid holiday each year.<\/p>\n You should also factor in the cost of Employer National Insurance contributions, pension contributions, benefits, and the cost of equipment or accommodation required for the role.<\/p>\n Are you clued up on payroll?<\/strong><\/p>\n There are several different types of payroll systems available. These include computer-based software packages such as QuickBooks, Xero or Sage 50cloud Payroll.<\/p>\n Depending on the size and complexity of your business, you will need to select an appropriate system based on your specific needs.<\/p>\n A sound knowledge of payroll rules and regulations prior to recruiting staff can help you avoid potential legal issues, financial penalties, and other costly problems.<\/p>\n Need further advice on matters related to the above? Contact us.<\/strong><\/p>\n <\/p>\n","protected":false},"excerpt":{"rendered":" As a new business owner, you may feel you can manage your workload single-handedly.<\/p>\n","protected":false},"author":2,"featured_media":4988,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,49,26],"tags":[],"_links":{"self":[{"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/posts\/4986"}],"collection":[{"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/comments?post=4986"}],"version-history":[{"count":1,"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/posts\/4986\/revisions"}],"predecessor-version":[{"id":4987,"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/posts\/4986\/revisions\/4987"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/media\/4988"}],"wp:attachment":[{"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/media?parent=4986"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/categories?post=4986"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/tags?post=4986"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}