You've decided that it's time to hire an employee for your laundromat. Before you hold interviews and choose the right person, there are several things you need to do to prepare for adding staff to your business. While the steps may seem to be common sense, many small business owners have never hired their own employees. Taking the time to make sure you're prepared to hire and support your new team member is crucial for success. For a better option than Maytag dealers in North Carolina, call T & L Laundry for free estimates.
Create a Job Description
Determining the highest priority needs in your laundromat will help you create a job description for your new hire. Make a list of what needs to be accomplished and calculate how much time it currently takes you to perform these tasks. Knowing how long it will take to train your employee and which functions in your facility can be delegated to them will help give you a complete picture of what their duties will be and how long you can expect to have the extra responsibility of training them for their new position.
Determine the Return on Investment (ROI)
Employees generate revenue directly by making sales or indirectly by helping you run your business and tending to your customers. Determine how much ROI you need to cover the cost of your new hire. Setting measurable performance goals for your employee will help you know whether you are getting the best ROI on your investment. If not, the old saying "hire slow, fire fast" applies.
Understand the Financial Requirements
Once you have hired your employee, you will need to set aside monies for local, state, and payroll taxes. You will also need to contact your business insurance agent to see whether you will be required to carry an unemployment insurance policy and to ensure that you are in compliance with state laws. Making adjustments to your policies and the costs associated with this should all be factored into your calculations for ROI.
Offer Your Employee Perks
Having an employee may mean that you need to provide them with health insurance and holiday and sick pay. Many employers also offer employees perks as a way to gain loyalty from new hires. New employees in your laundromat may be delighted to take advantage of free or discounted washes on their shifts when customer business is slow or to enjoy a meal on the company dime when the store is busy, like during the Saturday rush. Little perks can have significant impacts on employee performance and job satisfaction.
Create a Contract and Handbook
Having clearly defined expectations for your first employee will make hiring subsequent employees easier. Having a clear set of policies and expectations will help minimize the headaches of managing staff and will create an open dialogue between you and your employees.
Have Payroll in Place
In order to make paying your employees a hassle-free process, have a payroll system in place. This will ensure that your staff is paid on time and it will also minimize the confusion of withholding taxes and tracking money spent on staffing needs.
Alternative Maytag Dealers in North Carolina
Your staff is crucial to the success of your business, so is choosing the right commercial laundry equipment provider. Laundromat owners throughout the region have relied on T & L Laundry Equipment for more than 40 years. After decades in the industry, we know what it takes to run a successful laundromat. Our staff works hard to stay ahead of industry trends and to have an extensive knowledge of the latest products available to help you meet your customers' needs and exceed their expectations. We don't want to be another vendor for your business. T & L wants to be your partner in success. Call today and schedule an appointment with one of our sales team members to find out why working with T & L is an experience that is head and shoulders above the rest.
