If your business is consistently growing and your earnings are repeatedly on or above target, you might be thinking it’s time to get some extra help.
Taking on an extra set of hands can be a great move, give you time to concentrate on the important things and help you grow your business. Here’s what you need to know to get started.
You’re likely to be ready for staff if you:
For five years, Ben’s Gardening Service has mown and weeded suburban gardens. Ben, the owner and only gardener, has found it easy to keep on top of the work and the invoicing. His accountant handles his GST and tax responsibilities.
Having won a contract to maintain the grounds of two retirement villages, Ben considers hiring another gardener. After discussing it with his accountant — and using the Employee Cost Calculator (external link) to check if he can afford help — Ben decides on a permanent employee working three days a week.
Ben’s plan is for his new employee to take over the existing clients, while he concentrates on the retirement grounds, the paperwork, and winning new work. Ben’s happy his business is growing and that he took the time to figure out what kind of employee he needs.
If you’re reasonably comfortable you are ready to hire, it’s important to first put some time aside to figure out:
Add up the true costs of hiring staff — salary, recruitment and training — before you take the next step.