10 Tips to Hiring When Youre an Entrepreneur

10 Tips to Hiring When Youre an Entrepreneur As an entrepreneur you may be unsure about where to start when it comes to expanding your team and welcoming another person into your  business. Hiring new staff to join your staff can be risky at such an early stage in your companys life, so you need to be sure that the person is right for the job. The hiring process can also be very pricey; however there are a few ways that you can cut costs. Here are 10 steps that entrepreneurs can follow when hiring a new employee, courtesy of Nudj. 1) Decide what you are looking for Before you start your search, outline what your problem is and then identify what skills or requirements you need to solve it. 2)  Ask for referrals Do you know anyone who may know someone suitable for the job? If so get in touch and ask them for a referral. 86% of talent would accept a role through a friend, in comparison to only 45% who would trust a recruiter. 3) Respond to candidates You should always respond to people as quickly as possible, providing feedback to your friend and the applicant. 4) Offer a referral bonus If you offer an incentive for making referrals, people may feel more inclined to do so. This can be monetary or something more creative. 5) Try social media Social media can be a great tool for sourcing the right person for the role. You can use it to advertise the position or to reach out to potential employees. 6) Job boards If youre still struggling to find the right person, you could list the job on a specialist job board as it will target professionals in the industry. 7) Use a recruiter Recruiters are well practised at seeking out candidates, so if youre still struggling to find someone, they may be able to help. 8) Use an APS If youve got applications flooding in, manage them by using an APS (application tracking system). 9) Hold interviews Once you have identified suitable candidates, be sure to arrange an interview quickly. Provide them with timely feedback after your meeting. 10)  Welcome the new employee Help the new member of staff to settle in my introducing them to the team, showing them around and providing them with necessary training. [Top Image Credit: Shutterstock]