Finding the “Best” Employees

Finding great employees can often be a long, tough, and even a costly process. In fact, the turnover rate of employees is often overlooked when it comes to the cost of doing business. As it turns out, it can be as high as 25% of employee salary and benefits. Sometimes you go through the training process and things just don’t work out, wasting a lot of valuable time and resources.

It’s also true that one of the best assets of a business is its employees and their contribution to the business. For this reason, it’s important to hire wisely. So, how can you find these great employees? Here are some suggestions to consider before you publish the job announcement or talk to potential employees.

* Know what you are looking for in an employee. For example; what position are you looking to fill? What are the essential skills necessary for the job? Is the position full or part time? If you are hiring for a position that requires great verbal and written communication skills, you would not want a prospect that struggles with grammar when writing important reports or communications to potential clients.

* Know where to look. After its clear what the type of employee you're hoping to hire, focus on finding the best candidates and drawing them to your company. You might post the position on job boards of specific trade organizations, network with local colleges and technical schools, or ask for recommendations from your current employees. Usually, the more specific skills you hope to find, the wider net you'll have to cast.

* The interview. Just as a potential employee practices being interviewed, a wise employer will hone their interviewing skills. Identify candidates that are eager to contribute to your business. Asking focused questions and carefully listening is key to the interview process. Identify any “red flags” that may indicate potential problems. For instance; vague or long-winded answers to simple questions may just be normal interview anxiety or he/she may be hiding key facts that would directly affect your decision to hire this candidate.

There is no exact science to finding a quality employee that fits well with your business. However, good preparation and careful interviewing will likely pay off in the long run.

For more tips contact our office at (260)-497-9761 to schedule an appointment with our advisors. At Summit CPA we offer multiple resources that will help get your business on the right track.