If you’ve just opened your new business, you have to start thinking about hiring employees. Fortunately, the Global Talent Competitiveness Index named Malaysia the most attractive country for talent within upper-middle-income countries. Malaysia has a highly-skilled workforce that is multilingual and educated, and it offers great potential for businesses needing to hire.
Ask: Do You Really Need to Hire Someone?
Before you dedicate the resources to hiring a full-time employee, you need to determine the exact function and specific repeatable weekly tasks you need fulfilled. Figure out how much time it takes you to accomplish each task to help you calculate if you need someone full- or part-time. If you’re seeking specialized talent, such as a marketing expert or web designer, consider outsourcing or hiring a freelancer on contract.
Ask: Can You Afford It?
Your new employee’s salary isn’t the only cost you’ll need to consider. Calculate the costs of benefits, training, equipment, supplies and any recruiting costs. Those numbers might cause you to re-evaluate whether it would be better to spend that money elsewhere on your business or if the long-term investment in an employee makes the most sense.