The wrong hire can set your business back.
Hiring the first employee is usually an important and exciting milestone for every new business owner. Whether it occurs right after your launch or a few months later, the capacity to add a staff member implies you are on the right track for development.
However, in the chaos of attempting to expand, you may rush this process and employ somebody who isn’t the right fit. When preparing to hire your first employees, you must proceed with caution.
Bear in mind that a lower turnover of employees means less money and time spent interviewing, training, and finding new hires. According to AAR, substituting a skilled employee at any age could cost 50% or more of the person’s annual wages in turnover-related costs.
When hiring your first employee, these are the qualities to consider.