4 March 2024

11 Ways to Find the Perfect Part-Time Employee to Assist With Your Business’s Finances

By Ronald Smith

If you’re running a business and need a helping hand with your finances, you’ve come to the right place. I’m here to share some valuable tips on how to hire the perfect part-time employee for the job. So let’s dive right in!

1. Define your needs: First things first, take some time to figure out exactly what tasks you need assistance with. Are you looking for someone to handle bookkeeping, budgeting, or financial reporting? Knowing your specific needs will help you find the right fit.

2. Write a clear job description: When crafting your job description, be sure to clearly outline the responsibilities and qualifications you’re seeking in a candidate. This will attract applicants who possess the skills you require.

3. Spread the word: Now that you have a job description, it’s time to let the world know! Use your network, post on job boards, and advertise on social media platforms to reach potential candidates far and wide.

4. Screen resumes and cover letters: Once the applications start rolling in, review them carefully. Look for candidates who showcase relevant experience and a genuine interest in finance.

5. Conduct thorough interviews: During the interview process, ask questions that give you insight into each candidate’s financial knowledge and skills. Don’t forget to consider their compatibility with your company’s culture as well.

6. Check references: Contact the references provided by your top candidates to gain a better understanding of their work ethic and reliability. This step is crucial in ensuring you hire a trustworthy individual.

7. Analyze their technical skills: Depending on the nature of the financial tasks they will handle, it’s essential to assess their proficiency with relevant software and tools. Look for candidates who are comfortable navigating financial systems.

8. Assess communication skills: Effective communication is key when dealing with finances. Seek candidates who can explain complex financial concepts clearly and show attention to detail in their written and verbal communication.

9. Test problem-solving abilities: Finance involves critical thinking and problem-solving. Design a small task or scenario to evaluate how each candidate approaches and resolves financial challenges.

10. Consider cultural fit: While technical skills are important, so is a good cultural fit. Look for candidates who share your values and show enthusiasm for your business.

11. Offer a trial period: To ensure you’ve made the right decision, consider offering a trial period where the candidate can demonstrate their skills and adaptability to your business’s financial needs. This will solidify your choice.

And there you have it! By following these 11 tips, I am confident you will find the perfect part-time employee to assist you with your business’s finances. Good luck with your search!

11 Ways to Find the Perfect Part-Time Employee to Assist With Your Business’s Finances

I’m here to talk about small businesses and how important it is to keep their finances in order. Just like any other business, small businesses need to make sure everything is running smoothly when it comes to money. Now, as the owner, you might be able to handle these financial tasks at the beginning. But as your business grows, it’s a good idea to hire someone to handle your company’s finances. And guess what? You don’t always have to hire a full-time employee. You can actually hire someone part-time, which has its own benefits and challenges. So, I reached out to 11 entrepreneurs from Young Entrepreneur Council (YEC) and asked them this interesting question:

What should small-business owners do to make sure hiring a part-time employee to manage their company’s finances is a success? How is this different from hiring someone full time?

Let’s see what the YEC community members had to say!

1. Start by Figuring Out What You Need

If you can only spend a certain amount of money each month, it might be best to hire a part-time bookkeeper and keep your expenses low. But if you have a fast-growing business and need someone to give you expert financial advice, you might want to look for a part-time CFO. ~ Blair Thomas, hiring guru

2. Learn How to Do It Yourself First

Most small business owners don’t need a full-time bookkeeper or accountant. Part-time help is enough. But it’s crucial to understand how to manage your books, finances, and taxes on your own before you hire someone to do it for you. Once you know how to do it, hire someone who’ll do things just the way you want, so there won’t be any surprises. ~ Han-Gwon Lung, Tailored Ink

3. Make Sure You Communicate Your Expectations

I think it’s important to have a clear understanding of what is expected from part-time employees in terms of their workload. Sometimes, full-time workers can take on additional tasks when necessary, but this doesn’t always apply to part-time staff. – Nicole Munoz, Nicole Munoz Consulting, Inc.

4. Make Reporting Processes Clear

To ensure the success of a part-time employee handling finances, it’s crucial to establish clear reporting processes and deadlines. This way, the employee will know exactly what is required from them on a monthly and quarterly basis, and they can effectively plan their time. – Brian David Crane, Caller Smart Inc.

5. Give Them Incentives

When you have part-time employees, it’s important to give them some extra motivation to help with your finances. Since they might not qualify for health benefits, they have to work even harder to cover their own expenses. So, let’s find ways to make their job easier and keep them happy. For example, create a welcoming office environment and make sure to praise them when they find ways to increase profits. When an employee feels happy and motivated, they’ll be more productive, and that’s what we want.

6. Make Sure They Understand Your Business

It’s crucial that your part-time employee understands your business just like a full-time employee does. They should feel like they’re a part of the company culture and know what’s going on. After all, finances play a big role in the success of any business. To get the best out of your part-time employee, it’s important to make them feel connected to the business, rather than just being on the sidelines.

When you’re looking for the right person for a job, it’s important to make sure they have the right qualifications. But what really matters is whether they have experience in your specific type of business. Let’s say you have a SaaS startup, and you hire an accountant who specializes in retail. Well, they might be able to do some basic accounting tasks, but they won’t be able to give you the strategic advice and expertise that you need to succeed.

8. Make Your Job Description Clear

When you’re looking to hire a part-time employee, it’s important to be specific. The process of finding the right person is quite similar to hiring a full-time employee. If you want to hire a part-time employee, make sure your job description and distribution are clear. Avoid posting job descriptions on platforms that only cater to full-time hires. Also, be aware of the geographical laws that apply to your company and the location of your potential hire. – Samuel Thimothy, OneIMS

9. Properly Introduce Them to the Job

When it comes to bringing new employees on board, the onboarding process is key. It’s essential to establish trust and ensure that they understand the important tasks. Whether someone is part time or full time, the same principles apply. You need to be thorough and provide detailed instructions on what needs to be done. That way, there’s no difference between hiring someone for a part-time or full-time position. – Stephanie Wells, hiring

10. Show Them the Ropes

11. Get the Right Help from a Reputable Agency

When you’re looking to hire someone part-time, it’s smart to go through a trustworthy agency or organization that carefully screens its members. This way, there’s a clear sense of responsibility and evidence. You can also seek out positive feedback and endorsements to assist you in the process. It’s a bit different from hiring someone full-time, as you’ll have to make the decision entirely on your own. Remember, hiring the right person is crucial!