How can Business Owner Keep 1st Full Time Employee

 

To keep the full time employee is the big challenge for any business owner but if he or she has to become the business owner in real sense, he has to start to keep first full time employee in his or her office. Following are the Simple Steps which will help you to keep full time employee.

1. Estimate the Total Cost of Employee Per Year 

I am giving a simple a small calculation of hiring an employee

Basic monthly salary = Rs. 15000 pm or Rs. 1,80,000

breakfast, lunch and dinner = Rs. 3000 pm or Rs. 36,000

Laptop cost = Rs. 25000

Internet = Rs. 12000

-------------------------------------------------

Total cost of a full time employee = Rs. 253,000 Per year 

==================================

If you have own office and stay place of an employee for 24 hrs, that is great. You can use it and save office and stay cost.

Now, you need Rs. 253,000 advance for paying one employee.

2. Start with Small Regular Saving for Achieving this Goal

Now, it is true, you will not have the money of Rs. 253,000 in your pocket. Yes, you will have the work which you can give your employee. So, do this work yourself and save employee cost and saved money add in your bank's RD Account separately. More amount will add, you will have fastly achieve.

If you will achieve this goal at the end of 10th year, you must save per month Rs. 2530

If you will achieve this goal at the end of 5th year, you must save per month Rs. 4216

If you will achieve this goal at the end of 4th year, you must save per month Rs. 5270

If you will achieve this goal at the end of 3th year, you must save per month Rs. 7027

If you will achieve this goal at the end of 2nd year, you must save per month Rs. 10541

If you will achieve this goal at the end of 1st year, you must save per month Rs. 21083

3. Motivation By Remembering Full Time Employee

Business owner can takes multiple works from full time employee.

1. He can takes some labor work

2. He can get help for his personal work

3. He can increase his sales by using him as sales man

4. He can help as video creator and content writer

5. All unimportant work, he can delegate him

6. He can teach him all business skills and make his copy to earn the money for him. 

All benefits help him to save Rs. 21083 per month and achieve his goal at the end of 1st year.