Market Mad House

In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. Friedrich Nietzsche


Key factors to consider when hiring new employees

Hiring new employees can be stressful. Not only do you have the pressure of picking the right person for the job, but you also have to consider the legal side and paperwork. This guide will help you with the key factors to consider when hiring new employees.

Know the Law

Before hiring an employee, it’s important to get a basic grasp of employment law. This covers every legal aspect of the relationship between an employer and an employee.

You don’t need to know it inside out, as long as you have a capable legal team. However, it’s wise to get a grip on the basics. This will stop you from slipping up during the onboarding process. For example, you will need to know if they’re exempt vs non exempt before you hire them.

Sort out an Employment Contract

The employment contract is the legal document that covers both the employer and the employee. It’s important to have this drafted before you start the interviewing process.

This will allow you to move quickly when you find the right candidate. It’s possible to find basic employment contract templates online, but it’s far better to hire a lawyer to create a bespoke one for your business.

Pay the right rates

If you want to attract the right talent, you need to pay the right rates. Candidates are looking for the whole package – workplace culture, benefits, responsibility, progression opportunities, etc.

But the most important factor is normally their wage. Understanding and accepting this will help you design a job opportunity that is attractive to high-level candidates.

Offer great benefits

Offering benefits can be expensive. But it’s also really important if you want people to enjoy working for your business.

Think about what you would want from a similar job and offer that as the minimum. Also, the power of offering extra vacation days is massive. It shows that you care about the work-life balance of employees.

Recruit the right people

It’s important not to rush the interview process. If the job opportunity you are advertising is attractive enough, you should be flooded with applicants.

It’s important not to rush the interview process. If the job opportunity you are advertising is attractive enough, you should be flooded with applicants.

Provide excellent training and induction

When an employee turns up for their first day, they are looking to be guided through the process. They won’t yet have a grasp on their job role fully, they won’t know who to talk to, and they won’t understand the business fully.

So don’t expect them to. Instead, provide excellent and thorough training and induction for the first couple of days. This will allow them to ease into the role and give them plenty of information to work with.

Discipline and grievances

It’s important to let new employees know what is okay and what isn’t. If you have certain rules in the workplace, you should make them aware of them immediately.

 It can also help to explain why those rules are in place, especially if they are out of the ordinary. Setting out discipline and grievances will give them a framework for their workplace behavior.