So you're thinking about hiring to help grow your business. It's never easy. If your business has reached a point where it seems the only way to grow is with more people, you'll still need to take a few things into account.
Does the demand of your goods or services exceed the supply your workforce is able to produce? If your workforce is able to produce at the level you need and adding another body won't add to profits, you probably don't need to hire. But if you're finding that there's too much work to go around, you'll need to start looking at hiring.
Well, who should you hire? A qualified candidate, of course. The problem may be finding one. The top talent is usually already taken. Can you lure someone who's hesitant about leaving a stable position to your company? You might have to sell your company to the candidate as they're selling themselves to you. Remember what makes your company great and communicate it clearly. Motivate the candidate with the incentives your company offers like benefits, bonus potential, time off, etc.
Who not to hire might be even more important. Hiring friends or family can be stressful. There always needs to be a disconnect between work and personal life. The trick is to make sure boundaries are set between the two. Avoiding favoritism (or even the appearance of favoritism) is key. The last thing you need is other employees believing someone else is getting special treatment.
Does the demand of your goods or services exceed the supply your workforce is able to produce? If your workforce is able to produce at the level you need and adding another body won't add to profits, you probably don't need to hire. But if you're finding that there's too much work to go around, you'll need to start looking at hiring.
Well, who should you hire? A qualified candidate, of course. The problem may be finding one. The top talent is usually already taken. Can you lure someone who's hesitant about leaving a stable position to your company? You might have to sell your company to the candidate as they're selling themselves to you. Remember what makes your company great and communicate it clearly. Motivate the candidate with the incentives your company offers like benefits, bonus potential, time off, etc.
Who not to hire might be even more important. Hiring friends or family can be stressful. There always needs to be a disconnect between work and personal life. The trick is to make sure boundaries are set between the two. Avoiding favoritism (or even the appearance of favoritism) is key. The last thing you need is other employees believing someone else is getting special treatment.
No matter who you hire, you'll always need to be clear about expectations. Let your new hire know in advance what their duties and goals will be and the consequences of unmet expectations. Not every employee works out but you've got a better chance when they know what they're required to do up front.
So if you've decided your company needs to hire new staff, following these guidelines can help save you a few headaches.