Are you getting ready to sell a business or have just bought one and you’re not sure where to start with finding the right employees? Either way, these can both be pretty stressful times because you’re trying to re-establish your career and don’t want to make any mistakes. This is perfectly natural, so take a deep breath and read these helpful tips so you’ll be prepared when it comes to deciding what potential employees you want to hire.
Define the position
The most important part of hiring someone is to be able to define exactly what a person in that position will be doing. Far too often, job candidates will enter the interview room with a very limited idea of what the job actually entails. Although this could be a fault of the interviewee for not researching your company enough, it could also be a fault of the interviewer if their job description is not detailed enough.
Some information you should outline for the candidate are things like duties, responsibilities, work environment, company culture, and necessary skills. Make sure they can find all this information in one place so they don’t have to search all over the web for it. This is also helpful for you, the employer, because you may not be fully informed of all the functions of that position. If this is a company you’ve just purchased, you’ll be more informed of the general structure of your new company.
Determine who will do the recruiting
Depending on the structure of the company, it may not always be best for you to do the hiring. You can always be there to help with the process. However, if you’re expecting the new employee to be working closely with a certain group of people, you’ll want them to be the first people they meet. If you’re trying to sell your business, you’ll want to make sure this process is fully established and that there’s nothing questionable about the way you’re hiring your employees.
Develop long-term relationships
If you’re going to hire someone, you’ll need to have some starting point. Although sifting through hundreds of unqualified candidates is something to be expected, it doesn’t always have to be that difficult. Make sure you’re establishing long-term relationships with potential candidates long before the time comes to hire one, and a great way to do this is through internships. Even if the interns didn’t quite have the experience or skills to take on all responsibilities of the position, you should keep in touch with them so that once they have acquired those skills, you’ll have a great candidate who already knows your company well.
If you’re thinking of selling your business, chances are you won’t be trying to develop any new long-term relationships. Instead, you may want to contact people who you’ve been keeping in-touch with to see if they’re prepared to take on a position at your company. Just make sure you aren’t hiring people too close to the time that you are selling your business. New employees may look bad to your buyer.
Pre-screening is a great way to kick-off the interviewing process because there are a lot of things you can’t learn about a candidate just from an application and resume. Pre-screening will allow you to gather information like whether the candidate is still interested in the position or not, when they will be able to start, and other restrictions that may prevent them from interviewing or working within a certain time period. Generally, it will give you the opportunity to meet the person before diving into the details.
At the end of the day, being an interviewer can be just as nerve-racking as being the interviewee. Whether you’re trying to hire some people before selling your company, or you’ve just bought a company and don’t know where to start, these tips should get you on the right track.
If you’d like to know more about what it takes to be a successful business owner, stay tuned to our blogs. If you’re ready to buy or sell a business in Denver, contact ENLIGN’s business brokers. We have the experience and skills you need to find the business that’s right for you or sell one to a qualified buyer!