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EXPECTED OUTCOME BENEFITS: – Reduced workload – Increased market share – Increased profitability RECOMMENDATION OVERALL EXPANSION ▫ Hiring more employees.

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Presentation on theme: "EXPECTED OUTCOME BENEFITS: – Reduced workload – Increased market share – Increased profitability RECOMMENDATION OVERALL EXPANSION ▫ Hiring more employees."— Presentation transcript:

1 EXPECTED OUTCOME BENEFITS: – Reduced workload – Increased market share – Increased profitability RECOMMENDATION OVERALL EXPANSION ▫ Hiring more employees ▫ Shared workload

2 Consideration for HIRING NEW EMPLOYEES Strategic Realignment Business Relationship Job Descriptions Funding Employee Recruitment Advertising Selecting Candidates

3 STRATEGIC REALIGNMENT Strategic Situation Analysis – S.W.O.T Analysis Strengths, Weaknesses, Opportunities, & Threats http://www.netmba.com/strategy/swot/ Business Plan – My Own Business.org Non-profit organization designed to help people develop and grow their business http://www.myownbusiness.org /s2/ (Boone & Kurtz 2010)

4 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 http://www.irs.gov/newsroom/article/0,,id=173423,00.html The IRS web site offers guidance on worker classification, tax benefits, and appropriate paperwork required for each job type at: (IRS, 2010)

5 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)

6 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 http://www.pay scale.com/research/US/ Location=San-Diego-CA/Salary. http://www.businessfinance.com/capitalsearch.aspx (Boone & Kurtz, 2010)

7 EMPLOYEE RECRUITMENT & ADVERTISING Right People, Right Location – Recruit from the International Association of Professional Security Consultants http://www.iapsc.org/ 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: http://www.makeuseof.com/tag/top-10-most-effective-job-search-websites/

8 SELECTING CANDIDATES Organize resumes Prepare interview questions Set-up interviews with most qualified/ best potential fits (Barlas, 2011) Offer jobs to best candidates ▫ http://www.managerwise.com/article. phtml?id=456. http://www.managerwise.com/article. phtml?id=456 Orientation & Ethics Training

9 References Barlas, D. (2011). “Hiring Your First Employee”. Small Business Information. Retrieved from http://sbinformation.about.com/lw/Business-Finance/Small-business-and- 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 http://www.irs.gov/newsroom/article/0,,id=173423,00.html


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