09 Aug 4 common problems start-ups experience when hiring in-house accountants
When starting a new business, hiring the right staff for your accounting and payroll department can be a difficult and daunting prospect, especially if you aren’t from a financial background yourself.
How do you know where to begin? How do you know whether candidates have the experience you need? Here are a few common problems many start-ups experience when hiring in-house accountants.
1. You need to find the right staff…
Finding someone with sufficient accounting experience who will fit into your company can take a long time. You may not have the luxury of procuring talent from a wide pool of accountants, which therefore forces you to settle with the best from a limited number of candidates. You need someone who knows exactly what they’re doing so that you can concentrate on establishing and running your new business, but this may not always be easy to find.
2. …yet how do you know whether someone has enough experience?
If you aren’t a qualified accountant yourself, knowing whether someone has the experience your company needs can be incredibly difficult. Should you favour the candidate with a degree who has only been working for 12 months, or the one who has been working in accounting for 20 years but doesn’t know how to use the latest cloud accounting technology?
3. Replacing and hiring more staff is time consuming
Sifting through CVs, interviewing candidates then allowing for them to get to know your company is a time consuming process, which will need to be repeated if that person leaves or you decide to expand your accounting team. Finding the first member of staff took long enough, so how long will it be before you find a suitable second and third?
4. Hiring staff costs money
Every employee you hire costs your business thousands, so why employ more staff than you need to? By outsourcing your accounting and payroll to SQK Accountancy’s expert team, you will never need to experience the stress of hiring in-house accounting staff again. Get in touch now to find out more.