What to consider when taking on employees

Posted on February 20, 2017 at 8:09 pm

Sometimes a business will grow over time and it will become obvious to the owner that they need to take on more staff. This can happen gradually or suddenly there may be a need for more people. Some businesses need to have more than one member of staff to even start trading and this can often be quite risky for start up businesses that do not know how well they will succeed. If you have a business that requires additional staff you need to consider carefully not only who you employ but how you are going to manage them. If you are quite hands on in the business then you will probably have a good idea of what turnover and importantly profit you are making. From this you can work out how much you can afford to pay an employee leaving still enough profit within the company and also allowing for cash flow.

As a business owner you may be used to having to alter your wage each month depending on how well the business has done, but many employers offer their staff a salary so regardless of the profit the company has made, they will get paid the same. Some companies will offer a lower salary to staff with the opportunity to earn commission.



Posted in recruitment