How to decide what kind of employees to hire

5 questions to help you plan your next hire

Hiring the right people for your business has far-reaching effects. A great recruiter can generate creative ideas, take on important projects, and help reduce your daily stress so you can focus on grow your business.

But recruiting isn’t always straightforward. After all, not all roles require the same type of worker.

To make the best decision for your business, ask yourself these five questions.

1. How many jobs are there?

Take some time to create a list of projects you need help with – both short and long term. For each category, include details about the type of work involved, the level of complexity, the type of people you want to do, and the estimated amount of time it will take.

Digging through these details will give you a better idea of ​​the type of employee best suited to help you in that job.

2. When do I need to get the work done?

Maybe you want to launch a promotional email campaign for a month, prepare for your busy season or brainstorm next year’s product line.

If you need to start a project right away, a contractor is a good choice, as the hiring process is typically less intensive and requires no or no training. However, if you can afford to wait, or if you need help with ongoing work in the future, a more stable, permanent employee, like a full-time employee, might be good. than.

3. How much money do I have to pay?

The financial health of your business will be the biggest indicator of who you can hire. Review your monthly expenses, annual profit and loss statements, and accounts payable and receivable to get a more realistic idea of ​​how much money you have available to pay.

If you hire part-time, you may only pay hourly wages, while if you hire a full-time employee, you may also have to pay wages. On the other hand, if you’re hiring a contractor, you don’t have to pay as often as you would with a full-time employee, but you can expect to pay a large fee.

4. How long do I need the position?

If you need help with a one-time project, such as a building remodel, you don’t need to hire full-time staff. However, if you think a candidate’s talents are applicable to the job at hand, even if they don’t have all the skills needed to start, consider a full-time position. For example, a graphic designer who specializes in web design can also support marketing and advertising campaigns with the right training.

Of course, the risk is greater if hiring someone who doesn’t have all of the exact skills you need and therefore requires more training, but hiring someone with their capabilities and potential for growth can lead to higher profits in the long run.

5. How much time do I have to dedicate to the hiring process?

If you have limited time to deal with hiring, then a contractor might be the best option for you, as you may not need to do as many interviews, train them, or fill out a policy. and company culture.

It takes more time to hire part-time and full-time employees. You often have to sort through piles of job applications and resumes, schedule multiple interviews, take tests to determine their qualifications, and begin the training process. And because it takes time to properly learn and apply company policies and procedures, part-time and full-time employees may have a period of promotion before they can. become productive and productive workers.

While there are perks to hiring each type of employee, not every employee is the right fit for your specific needs and goals. As you consider your business needs, here are four common types of employees to think about adding to your team.

Part-time

Part-time often work less than 30 hours per week, so their wages may be lower than that of full-time employees. Business owners aren’t usually required to offer benefits to part-time employees, so you’ll likely save money on things like health insurance and paid vacation time.

Hiring part-time employees also offers more flexibility. With part-time hiring, you can better respond to the changing needs of the company, whether that means hiring them for a busy holiday season or testing a new position on a regular basis. Part-time.

You can also gain access to a broader network of candidates when hiring part-time, as advertising for full-time positions weeds out some talented people who may not be able to work 40 hours a week, as students, working parents, or people nearing retirement.

Full-time employee

Full-time employee benefit from steady work, regular pay, and increased job security, all of which can help boost their loyalty to your business. Additionally, because full-time employees may stay at your company for a while, they have the opportunity to continually expand their knowledge of the business and industry, making them strong and productive workers. more astute.

While they are often the most expensive employees to hire and train, they are also the employees most likely to lead new projects, cover you in your absence, and emotionally invested in the company’s success.

Contractors

Contractors often have higher hourly wages than part-time or full-time employees, but hiring one can really save you money in the long run. That’s because you only pay for the work you need with a contractor, and you never pay benefits, time off, work materials, office space, or ongoing expenses. There are also fewer tax obligations, as you typically don’t have to withhold or pay taxes to independent contractors.

Plus, contractors are often flexible and highly specialized, making them perfect for projects that require immediate attention and a specific skill set.

Organ

Instead of hiring an individual, you may want to find an agency that specializes in a particular type of work, like advertising or e-commerce. Using an agency to run a Facebook ad campaign or set up a web store, for example, gives you access to a team of talented people, all of whom you don’t need to pay or pay. benefits for them. When you hire an agency, you usually pay either a flat hourly rate or a flat rate along with a monthly placeholder. While a retainer can be expensive, it ensures you get the help you need when you need it.

Considering hiring freelancers instead of or adding new employees? Continue reading:

Where to find the best freelancers for your company

Priscilla Du Preez’s photo on Unsplash