Hiring your first employee is a major step towards growing your business. I recently hired my first employee and I’m interviewing for my second. I was fully prepared as I spent months writing a 37 page business plan and I knew that it was time as my workload had increased to a level impossible for 1 person to handle. Hiring the first employee was exciting but also involved so much work! I was amazed at how much paperwork was involved. From the application process, to the non-competition agreement, the employee handbook, the offer of employment letter, the notices and regulations that had to be posted, the filing of tax documents and registration online through the child support office. I suddenly felt like I needed a human resource department just to handle the one employee! Next was the first payroll date, which was mostly painless with the help of QuickBooks, and involved setting up the employee information, printing that first check and then enrolling my employee into the direct deposit feature which only cost .99 cents per transaction.
With all the extra work, the most difficult adjustment had to be the “delegation” process. Although I have been self employed for a long time, this was my first experience as “The Boss”. I was accustomed to doing all the work and I knew that I could do it right. So suddenly Read the rest of this entry »