Your Small Business
Toolkits
Printing and Shipping
Take advantage of the Printing & Shipping Toolkit sponsored by FedEx to help grow your business.
As a new business owner, one of the first decisions you'll have to face is whether to hire someone to help you. And, of course, there are other related decisions: if you decide you need someone for 40 hours per week, should you hire one full-time employee or two part-timers? And so on.
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The way to start figuring out your employee-related costs is to project your staffing needs. When you think about your need for employees, remember to take into account nonworking time, such as vacations, absences, and employee turnover. For example, what happens if you hire one full-time person and he wants to take a vacation? What will your new business do while he's on vacation?
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For a detailed explanation of employee hiring, including specific steps to take in the hiring process, see our discussion of recruiting and hiring. For some tips about low-cost alternatives to hiring a full-time employee, see our discussion of choosing a staffing method.
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