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starting a business is a huge undertaking and as a company grows more and more responsibilities emerge eventually the scale becomes too much for one person and its time for a major Milestone into entrepreneurs career adding another employee to your organization so in this episode of HR party of one well take a look at the five HR Essentials for hiring your first employee well cover the basics of compliance and paperwork plus how to compensate your new hire and set them up for success by the end youll have everything you need to know to confidently grow your organizations team well discuss getting an EIN completing essential paperwork classifying your employee correctly setting up payroll and establishing a performance management process lets get started getting an EIN an employer identification number or Ein is a nine digit number the IRS assigns to businesses for tax and record-keeping purposes its like the social security number of your organization an EIN is required for mos
