Hiring Employees for Your Home-Based Business
Are you finding you have too much work to do at your home-based business?
As your company grows, so does the list of responsibilities you need to take on. If you don't have employees, you may find yourself not knowing how to do certain activities. While you can learn these skills, you might make a few mistakes that you could avoid by hiring an expert.
But you also need to know how to hire the right people for the job. Below, we'll get into how to hire the best workers. Keep reading to learn more and get talented people for your team!
Assess Your Needs
The first step to finding the right employees for your home-based business is to assess your needs.
To do this, take some time to identify which specific tasks you'd like to give to a professional. You might want to focus on the things you feel like you struggle to do. You should also look at the things you don’t enjoy doing and consider hiring someone who does. That way, you can concentrate on the parts of the job you love.
Then, figure out whether any of the tasks you've identified fall into a specific job type. For instance, needing someone to keep up your blog and social media platforms might lead you to conclude you need a marketing professional.
Most businesses can benefit from hiring a marketing professional and an accountant. If you have a lot of customers, you may also want to consider hiring a customer service agent.
Start Small and Grow
When you begin running your business, you might want to hire a lot of people right away. Yet, it's best to start small.
First, you need to review your finances. Identify how many people you think you can afford to hire. Then, take a look at your needs and decide which ones are the most urgent. Prioritize hiring professionals who can help you meet those needs.
Then, as you expand, you can hire more people as needed. Make sure you always know what you can afford to pay people. That way, your business is not operating at a loss while still getting the skilled work you need.
Freelance, Contract, and Full-Time Workers
When you hire employees, you need to know whether you want freelance, contract, or full-time workers.
Freelance employees are best for companies that need by-the-project help. They offer professional services to several companies at once. You can hire them for one project or send them ongoing work. Often, they get paid by the project.
Contract workers often have a set number of hours that they work each week. Companies often pay them by the hour, but they might not get employee benefits. They sign a contract to work for a certain period of time. The company and worker can then choose to continue the contract once it expires.
Full-time employees often work 40 or more hours a week for the company. They're the most likely to work for a set salary every year. Most employers allow employees to take part in an employee benefit plan. The benefits often include health insurance, paid time off, and paid sick leave.
Figure Out the Right Qualifications
To find the right workers, you need to know what qualifications they need. Research what qualifications professionals in your ideal candidate's field possess.
For instance, a qualified accountant might have a business degree. They might also possess a Certified Public Accountant (CPA) certification. You might want them to have past experience as well. You should also ask them about their experience with managing business finances and filing taxes.
In some cases, you can also let people replace having a degree with comparable experience depending on the job. So, make sure you look at a job candidate's education and work experience. This will give you a full picture of what they can do for your company.
Write a Job Post
Next, you need to create a job post for your open position. To do this, you want to know two things:
- What you expect your new employee to do
- A description of the company and role
When you write your job post, begin with a brief description of the role. Tell your job candidates what type of person you're looking for. This should include what qualifications you want someone to have as well as a list of personal qualities.
Then, tell them a bit about your company. Mention the company culture you're trying to create. You might even want to include that you're a home-based business startup. This could work in your favor because some people prefer working for small businesses.
Find the Right Insurance Policies
Once you hire employees, you may want to consider getting Workers’ Comp insurance. You might also want to consider purchasing home-based business insurance.
Workers' Compensation insurance can help keep your business protected in case an employee gets injured on the job. Employers have the legal responsibility to keep their employees safe. So, you could be required to pay for their medical fees if they get injured while working. When you have insurance, the insurance company will pay these expenses for you.
They could also work on your behalf if you get sued due to employee injuries.
Likewise, a home-based insurance policy can help protect businesses that operate out of a home. The HomeHQSM insurance plan by PolicySweet® can offer protection if someone becomes injured on your property while conducting business. It can also protect your business equipment if it becomes damaged. If you have inventory that gets lost or stolen, it could be covered by HomeHQ insurance.
Get Insurance for Your Home-Based Business
If you run a home-based business, you might want to ensure you have the best insurance policies in place.
That's where we come in. We offer high-quality Workers' Compensation insurance and home-based insurance policies to entrepreneurs who operate a business from home. Want to learn more about HomeHQ and Workers’ Compensation? Get a free quote today!