Hiring is a big investment in the working world. After all, it takes a lot of resources to find the right talent for your company, and who knows how long you’ll be sifting through the market until you find the right candidate?
And that’s why a lot of small businesses can put off hiring until they cannot wait any longer. Which is why the process should be considered more objectively: is now a good time to hire some more employees? It all depends on where you are and where you’re going.
Are You Planning to Expand in the Near Future?
Expansion is the main goal of many companies. It takes time and effort to reach a point where you can open up a new store or run a new product line, and it’s the most crucial time to bring more hands onboard. If you want to expand in the next 6 months or so, you’re going to need able workers more than anything else.
Look at your current payroll and think about expanding it by a quarter to half. Where are people going to be tied up? And where is pressure likely to mount? Pinpoint these concerns well ahead of time; they’ll mount up!
Are You Running Out of Time During Work Days?
If you’re running out of time during the work day, it’s a bad sign all round! What’s taking up all that time? Having to head home at six in the evening and having to take work home with you shouldn’t happen on a regular basis - you need to rethink the way you work! Maybe you need more employees to work on these tasks? Maybe you need to develop a new team? Maybe it’s time to put a manager or two in place? Delegation is clearly not your strongpoint!
But once you’ve brought more manpower onboard, you can look into automating many tid-bit processes. For example, medical companies can use healthcare compliance credentialing to keep the paperwork off of desks. Freeing up workers for the more strapped departments of your company is always a good idea!
Is There a Gap in Your Company Skillset?
It’s time to look at the way you’ve built your team, because once you realise you’re missing a skill or two, you’re going to need to bring that skill into the fold. There’s no way around this - you either hire someone who can manage a certain task, or you train an employee to handle it!
However, this can be a double edged sword. After all, training can take someone away from their desk where they’re sorely needed! So combining it with hiring someone new can ease a lot of pressure from your working cycle; it really won’t cost much to expand by one.
Hiring more employees is essential as your business develops, so don’t let yourself wait. If you’ve got more than enough employees to man all stations, it’s a good sign you’re working to the best of your ability!