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Sep 2015

5 Tips When Employing Workers for Your Small Business

September 22, 2015
Capify Australia

Assembling a group of qualified strangers who will get along is a never-ending challenge faced by business owners. It’s not an easy task since you’ll be managing company roles and egos that coincide with one another. But the rewards are plenty if a company manages to form a solid team.  After all, if everyone, from top management to the rank and file personnel, work together as a unit, the business goals are highly achievable.  
We’ve come up with five tips that can help you put together a productive group of workers.

Post Realistic Job Openings

CAPIFY_Blog_--5-Tips-When-Employing-Workers-for-Your-Small-Business-AWhether you are hiring 3 people or a staff of 20, you have to set your standards consistently and follow them. Place job ads that describe what your company is and what type of people you are looking to hire to grow the company. In return, this allows prospects to make an informed decision about the position you want to fill. Realistic job openings also eliminate disappointments or feelings of deceit that employees may have from what was claimed during the screening process.
Once you meet your applicants, evaluate them according to how they measure against your expectations and the objectives, goals, and culture of your company. Do not be tempted to hire the first one that comes along just because you need someone immediately.

View Salaries as Investments, Not Expenses

A decent pay is a powerful motivator. Likewise, not giving the right pay can be discouraging. If so, employees may lose their motivation to be productive, which can affect the company’s performance. Employees who are paid well and given benefits will strive hard to produce quality work.
For instance, Virgin Group Founder, Richard Branson, is known to take good care of his employees. In fact, his way of managing his employees has become a benchmark globally. He pays them well, provides ample benefits, and invests in training. While employees are free to go and look for a better job, many of them choose to stay and help grow the Virgin Group further.  Why leave when the pay is good and the efforts are recognised?

Furnish a Successful Work Flow System

A work flow system ties together the different departments of a company. It shows the roles your employees play, highlighting responsibilities and encouraging productivity.
A work flow system also creates a culture of professionalism. This way, employees won’t have trouble helping each other when work-related problems arise, as well as asking questions to superiors when necessary.

Engage with your Employees

Be involved in what is going on in your business. Chat with every employee regardless of rank. Make them feel they belong. Scheduled dialogues as well as other social activities and always be considerate of your employees’ plights. Do not tune out negative comments. Face them and address them. Reach out to your employees and make the first move.
Small businesses usually have employees performing functions beyond their scope of work. Make sure these efforts are recognised. Also look for ways to improve camaraderie among your employees. Organise team building activities to celebrate milestones.

Device an Incentive Scheme

Since it may not be wise for a small business to give huge salaries and other perks upfront, it does not mean it cannot apply a performance-based incentive scheme. Doing so gives the employees a reason to look forward to reaching targets and do more than what is expected from them.
If done right, the scheme may also create an environment of healthy competition. This may not necessarily just apply to your sales people, but also every department of your company will strive to earn incentives. Plan company-wide targets and reward every employee if these milestones are met.
When a company is looking to take in new employees, funds have to be allocated to cater to salaries, training programs, and the like. If you find yourself or the company lacking in financial capital, you can turn to alternative lenders to provide a financial boost.

Or call 1300 760 930 to speak with one of our friendly Lending Consultants now.

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