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Create A Process For Hiring Employees

Ask yourself what type of person you are trying to hire. Are you looking for a creative type or a details person? Do you want someone who is right-brain-oriented? Or are you trying to hire a systems person?

Hire the right person the first time rather than spending time training the wrong person, let them go, and do it all over again.

When hiring employees, including the cost of contributing to the employee's company retirement account. If you are hiring a software developer then you can take a programming skills test online.

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If your employees will be full-time and you have a retirement plan like a 401k, SEP IRA, or Profit Sharing Plan, you will have to contribute some dough into their retirement account.

For example, if you contribute $20,000 to your own 401k, you may have to contribute $6,000 to your employee's 401k as well.

Don't just look at the numbers. Look at the bigger picture because this is a good thing for you. It will help you recruit, retain, and reward your employees.

Workers compensation insurance

If your employee gets hurt on the job, this type of insurance pays for medical expenses and part of their lost wages.

Make a mandatory requirement for employers when they hire employees. This insurance is just a cost of doing business. You have to foot the bill. The nature of your business will determine what the premium will be.

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