EXPECTED OUTCOME BENEFITS: – Reduced workload – Increased market share – Increased profitability RECOMMENDATION OVERALL EXPANSION ▫ Hiring more employees ▫ Shared workload
Consideration for HIRING NEW EMPLOYEES Strategic Realignment Business Relationship Job Descriptions Funding Employee Recruitment Advertising Selecting Candidates
STRATEGIC REALIGNMENT Strategic Situation Analysis – S.W.O.T Analysis Strengths, Weaknesses, Opportunities, & Threats Business Plan – My Own Business.org Non-profit organization designed to help people develop and grow their business /s2/ (Boone & Kurtz 2010)
JOB TYPES/ BUSINESS RELATIONSHIPS Individual Contractors – Business owner controls only task completion timeframe, not methods used to complete tasks Employees – Business owner controls task completion methods and timeframe Part Time v. Full Time Individual Contractors v. Employees The IRS web site offers guidance on worker classification, tax benefits, and appropriate paperwork required for each job type at: (IRS, 2010)
JOB DESCRIPTIONS Which responsibilities and tasks do you want to delegate? – Security consulting? – Training instruction? – Shipping & Delivery? – Administrative? Detail potential employees individual tasks, responsibilities, and roles at SCSC – Develop list of skills required for each position (Barlas, 2011)
FUNDING Time Lost = Money Lost Pay Salaries & Benefit – Pay Scale Appropriate compensation for tasks based on location and experience Sources – Types Debt Financing Venture Capitalists Equity Financing Angel Investors – Business Finance Matches business owners with available funding scale.com/research/US/ Location=San-Diego-CA/Salary. (Boone & Kurtz, 2010)
EMPLOYEE RECRUITMENT & ADVERTISING Right People, Right Location – Recruit from the International Association of Professional Security Consultants Employee Recruitment – Describe job, company, ideal candidates, opportunities, & application process (Boone & Kurtz, 2010) Advertisement – Maximize exposure to reach the most people – List of top ten most effective job search web sites:
SELECTING CANDIDATES Organize resumes Prepare interview questions Set-up interviews with most qualified/ best potential fits (Barlas, 2011) Offer jobs to best candidates ▫ phtml?id= phtml?id=456 Orientation & Ethics Training
References Barlas, D. (2011). “Hiring Your First Employee”. Small Business Information. Retrieved from entrepreneurs/Hiring-Your-First-Employee.htm Boone, G. & Kurtz, D. (2010). Contemporary Business (13th ed.). John Wiley & Sons, Inc. IRS. (2010, August 20). Employee vs. Independent Contractor: Seven Tips for Business Owners. Retrieved from