What to Consider Before Hiring Your First Employee
Before hiring a new team member, there are a few critical questions every business owner should ask.
First, do you actually need a hire, and what will that role take off your plate? Creating a clear position description helps define responsibilities and ensures the role adds real value to the business. From a financial perspective, it’s essential to confirm the business has consistent cash flow to comfortably cover wages and ongoing employment costs.
You’ll also need to make sure the right foundations are in place, including workers’ compensation insurance and legally sound employment contracts.
When done properly, hiring can support growth, improve efficiency, and deliver a strong return for your business.
