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4 Important Things to Consider when Hiring Your First Employee

November 1, 2016

Congratulations! Business is booming and to save you from the increasing paperwork and never-ending to-do list, you’ve decided to grow your business and hire your first employee. But where do you start? How much will it cost? Do you need somebody part-time or full-time? Now even the thought of taking on a member of staff has just doubled your work-load again! Argh!


The UK work economy is changing rapidly as businesses look to slim-down their workforce and switch to using more outsourced external service providers. And this report from UKCES shows that 50% of businesses say that flexible working hours and offsite working are now standard practice for them.

 

So what should you consider when deciding to hire a full-time member of staff or use the services of a freelance Virtual Assistant?

 

Cost

When considering hiring your first employee, one of the main considerations is the cost involved and whether or not you are getting value for money.

 

Recruiting a member of staff means that in addition to a salary, you must also cover tax, National Insurance payments, holiday and sick pay, and pension contributions, not to mention any employee benefit packages. If the role is newly created, you may also have to purchase new software and equipment for the job which can be costly.

 

A Virtual Assistant will charge a higher hourly rate, but this rate will be inclusive