Tips for Hiring the Right Person to Grow Your Small Business

Recruiting can be a significant expense for a business of any size. Indeed, the median cost of hiring a new employee is approximately 21% of the person's annual income. Thus, hiring the right person is crucial, especially for a small business. According to Brett Lewis, co-founder of Skillbridge: "Great people versus okay people is the difference between success and mediocrity." Thus, you have to ensure that your hiring practices allow you to find your business's best candidate.

When you are running a small business, the chance of having a proper HR department is low. Thus, you may not have a specific person in charge to delegate the hiring process. Therefore, it would be best if you schedule some time reviewing the potential candidates thoroughly in your workday.

Next, you have to look for the right candidate in the right place. You can find out by talking to other small business owners, vendors, friends or family. You should not limit yourself to active job seekers. Additionally, you can also look for experienced passive candidates for the position.

When seeking a new employee to fill in an urgent position, you may compromise on what you want for the sake of filling up the job. Consequently, desperation will lead with the wrong hire and causing more money spent on the business. Hence, it is better to be patient and wait for the most suitable person for the job.

Besides that, you can also hire someone based on a contract basis. A contract basis is a cost-effective way to search for the right candidate without making a long term commitment. If the candidate is doing a terrific job, you can offer them a full-time position. Plus, if they are doing a great job, you already know that they are the right candidate.

Hiring the right employee is crucial for the growth of your small business. Do not rush in deciding on hiring a new employee. Take your time, and the right person will come along eventually.