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EXPECTED OUTCOME

EXPECTED OUTCOME. RECOMMENDATION. BENEFITS: Reduced workload Increased market share Increased profitability. OVERALL EXPANSION Hiring more employees Shared workload. Consideration for HIRING NEW EMPLOYEES. Strategic Realignment Business Relationship Job Descriptions Funding

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EXPECTED OUTCOME

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

  2. Consideration forHIRING 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 The IRS web site offers guidance on worker classification, tax benefits, and appropriate paperwork required for each job type at: http://www.irs.gov/newsroom/article/0,,id=173423,00.html (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.businessfinance.com/capitalsearch.aspx (Boone & Kurtz, 2010) • http://www.pay scale.com/research/US/ Location=San-Diego-CA/Salary.

  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 • Offer jobs to best candidates • http://www.managerwise.com/article. phtml?id=456. • Orientation & Ethics Training (Barlas, 2011)

  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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