If you are one of those companies that are hiring, that "Now Hiring" sign is likely to gain some attention. Sifting through the line of applicants to find the best fit for your particular needs, however, requires some planning and preparation for employee hiring. Here's how to start the process.

First, let's make some assumptions: you've filled out all the federal and state forms that are required, have worker's compensation insurance, established the proper recordkeeping processes and are aware of workplace safety practices and standard employee rights. You've also put some time and thought into writing an effective and comprehensive job description.

Who to Hire and When to Hire Them

Depending on your company's size and capabilities, consider that contractors or freelancers can sometimes address your needs more efficiently and more affordably than a full-time position. Areas like web site design, bookkeeping, public relations, marketing and in many cases, even sales, can sometimes be done on a part-time basis.

If a business need is episodic or as in the case of many technological needs, ever-changing, vendors often are more up-to-date and experienced than those you might hire. Also, they bring an outsider's perspective that can be valuable. Yet, unlike at many larger firms, employees at smaller businesses are likely to play more than just one segmented role. Keep this in mind when you review CVs and resumes during the first phase of the employee hiring process.

Where to Start Hiring Employees

Start with what and who you know. Friends, acquaintances and especially colleagues in the area of expertise you're looking to fill are the obvious starting point. These are sources of valuable networking and provide an initial vetting of prospective candidates. Depending on your needs, online job blogs and job boards are also a potential resource to consider when posting the job description. Use social networking: there's a reason millions use Facebook, Twitter, LinkedIn and the like. They are a quick and easy ways to spread the word that you are now hiring.

How to Hire

When it comes to interviewing potential staff, there are entire books written about the process. The interview is your best opportunity to question and be questioned by any new prospect. Here are a few considerations and tips:

• Bring a comprehensive job description.
• Try to match people's personality to the job.
• Start with general questions, move to specific job situations and scenarios.
• Involve current employees in the interview process.
• Encourage prospects to actively question you about the job.
• Check references thoroughly.
• Whether you hire them or not, clearly explain any next steps in the process.

That "Now Hiring" Sign

For small businesses, hiring is a big step. The good news is that it's a buyer's market out there. Taking the time and care to prepare a clear job description, network among colleagues and prepare for the actual interviews will all help insure you find the right fit for the right job.

Regions Business Resources

Regions Bank offers a number of helpful calculators, in-depth planning guides, tools and more. There also are business tutorials on a range of subjects that examine issues commonly faced by small businesses. Our dedicated Regions business banking professionals are always ready to assist you in finding the financial solution for your business. Call us a 1-800-REGIONS or visit your local Regions Branch.