This month, Harry Dahlstrom, writer of the Job Hunting Handbook, released the U.S. Employment Snapshot for May 2015. Below are a few key statistics I took away:
- There are currently 148,795,000 people employed
- There are currently 8,674,000 people unemployed
- There are currently 92,986,000 people not in the workforce
These numbers got me thinking. This means there are 101,660,000 people without a job. In other words, there are 101,660,000 people waiting to be hired by you.
Here are seven tips to help you attract, screen and hire for your small business.
1. Define the position
Before you post the job description, ask yourself "What skills does this require?" According to Joe Kennedy, author of The Small Business Owners Manual, said too many times, when a small-business owner hires, he expects the new employee to shoulder everything that isn't being done currently. Keep a list of tasks with which you might need help, he says, and use it to write the job description when you're ready to hire.
2. Don't stop hiring
We cannot stress enough the importance of constantly hiring. "The moment you're done hiring, you should be keeping your antennae up for the future. That's something that flexible, smaller companies can do that bigger firms cannot," said Kennedy.
3. Seek out top-talent
When you advertise or recruit, sell the small business environment. Describe the positives of a small company compared to a large corporate setting. Do you offer some work-from-home time? Does your compensation plan overshadow your lack of benefits?
4. Don't underpay
If you overhire and underpay, be prepared to lose your employees in two years or less. They'll always have the possibility of a better offer in the back of their mind and when that comes to a reality, they'll head straight to the door. Kennedy says the critical difference between striking a deal and taking advantage is honesty and attitude.
5. Learn about the person behind the skills
Get to know your candidate. At very small businesses, this candidate will take up a big portion of the company. If you're trying to build a strong, cohesive team, it's important to focus on the personality and behaviors of your employees - not just their skill sets listed on a piece of paper.
6. Don't oversell
The one mistake many small-business owners make is that they love their companies and they want everyone else to love them, too, says Jeffrey Fox, author of How to Make Big Money in Your Own Small Business and founder of Fox & Co. But if you want to get someone who lasts beyond the hiring honeymoon, resist the urge to make the position sound like more than it is. "Tell the applicant exactly what the job is about, and what to expect," he says.
When it comes to small business hiring, it takes time and thought to choose the right person for the job. Time and money is of the essence, so take a deep breath and really think about the talent, personality and determination each of your candidates have before making a decision.
Are you a small business owner looking to solve some problems when it comes to hiring? Download this free guide - we'll help you out!