Hiring a New Employee
“A company is only as good as the employees who work for It.” Seems to be the slogan driving most employers in today’s marketplace. Your employees are a direct reflection of your company and in many industries, may actually be considered the product. Finding the right employee can be one of the most crucial and difficult decisions a business can face. Businesses must be prepared for this process and understand the steps involved in hiring a new employee.
When an employer makes the decision to hire a new employee, they must first decide what advantages this employee will offer the company. The employee may be considered a producer, who would benefit the company by producing, creating, selling or supporting the product. This employee would be responsible for direct profits for the company. He or she may also belong to the coordinator category of employees. These employees are responsible for the productivity of producers by coordinating their tasks with those of other producers to gain the most cost effective solution. It must be determined if the efforts of a coordinator would benefit the producers in a specific company. A new employee may also offer your company the assistant qualities needed to free up the time of a higher paid employee. An assistant can be very valuable to your company by helping your executives become more efficient.
Once the potential gains of a new employee are determined, the costs associated with this new staff member must be reviewed. The expenses of anew employee include salary, taxes, hiring costs, supervision, training and equipment. The employee’s salary, wages and incentives must be taken into consideration. In addition, the company must pay taxes, administration and accounting fees for this person. The decision maker should take into consideration the hiring costs associated with the employee, including recruiting, advertising, interviewing and selecting a new employee. The cost of supervision...