For small business owners, few milestones are as significant as hiring that first employee. It’s a big step. After months or likely even years of carrying all the responsibility and doing all the hard work, suddenly there’s someone new on the scene—a second in command, so to speak—who can shoulder some of those burdens and offer a new perspective. Understandably, the person in that position needs to be someone you trust.
In an effort to better understand this relationship and the mechanics behind that first hiring decision, QuickBooks Payroll surveyed 400 small business owners who employ 20 or fewer employees. Survey respondents were asked about everything from where they found their first hire to whether that first employee is still around. Check out our summary below to see what they said.
Small Business Recruitment Survey 2018
3 out of 4 first hires are still with their companies today
Most employees crave a sense of responsibility and fulfillment or, at the very least, a feeling that what they do is important to the overall success of the mission. First hires inherently experience these feelings of responsibility, as they tend to know better than anyone how much work goes into running the business and what sacrifices must be made to keep the wheels turning. Like business owners, first hires are often personally invested in the company’s success.
Perhaps it’s this, then, that prompts so many of them to stay. In fact, according to survey results, 76 percent of first hires are still with their companies today.
Is your first employee still employed by your company?
Something many employees likely don’t realize is how many employers pay their first hire more than they pay themselves....
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