Here’s what you need to remember when hiring a new employee.
While hiring a new employee is exciting, it’s important to remember that it can also be extremely risky. Luckily, taking the time to prepare now will help your business avoid serious pitfalls as you look to begin the interviewing and onboarding process. From updating your small business insurance to making your new employee feel welcome, here are the steps you should take when hiring a new employee.
- Understand the Regulations
One of the most important things you should do before hiring a new employee is researching the current labor laws and classifications. Doing the necessary research will ensure that you understand the paperwork and tax forms your employee will need to fill out and will also give you a better idea of what you will need to do to legally hire a new worker.
- Update Your Insurance
It’s also important that you review your various business insurance policies. When you are hiring a new employee, it’s likely that you will need to update your workers compensation insurance policy to ensure that your newest team member has all the protection they need. Additionally, some of your other commercial coverages might also need to be updated as well. Ensuring that your business insurance is in order will help you avoid serious liability issues that might pop up down the road.
- Make Them Feel Welcome
Finally, when it’s time to bring in a new employee, it’s important that you make a sincere effort to welcome them. Taking steps to acclimate a new employee to their workspace will not only improve your business’s employee retention rates, but will also help you minimize the mistakes that your new employee makes due to their inexperience. Make sure your new employee gets the proper training and encourage them to ask for help or clarification when they need it. Additionally, you should make sure that your other employees are making an effort to be friendly and open to the new hire as well. Taking the time to properly welcome a new employee will benefit your business in the long run.
Take these steps to help you prepare for a new employee. Need help putting the right commercial insurance policies in place? We at PMC Insurance Group are experts on small business insurance and can help you get the coverage you need. Contact us today to learn more about getting competitive coverage for your small business clients.
