Are You Really Ready To Hire?
When your business is going well, you may find that your time is getting stretched quite thinly. You find you are working later into the evening and missing out on weekends away with your family. But when you start to realise you’re not meeting your customer’s expectations, it could be time to consider to hire some help. If you’re struggling to turn around orders as quickly as you want to, then take the time to figure out whether hiring could be a help or a hindrance.
Hiring someone can take a long time to do. You need to advertise the post and wait for the publisher to get the publication out. Then you need to give prospective candidates some time to apply. Next comes all the hassle of reading hundreds of resumes to find the two or three candidates that might be right for the post. Setting up and taking interviews adds another week or so to the timescale. And in that time your customers are getting more and more impatient!
Using an agency to hire
Using an agency to find temp workers or to manage the advertising on your behalf could save you some time. It may cost a little more, but what value do you put on your time. The agency may be able to provide lots of staff for a big project or just one to help you out for a few weeks during the high season.
You could also outsource. This involves contracting a specialist company to take on projects for you. If marketing isn’t your forte, you might already be using a firm to manage your website and advertising campaigns. Doing it yourself can be quite a challenge as it needs a lot of specialist knowledge and skills. And creating campaigns can be incredibly time-consuming.
A good law firm
Of course, if you do want specialist staff in-house, you will have to recruit them. The more people you hire, the more employment laws you will be bound to obey. It’s important you get employment law consultancy and advice from a good law firm that understands your business and the sector you are in. This is certainly not a task you can tackle on your own!
Your company finances and returns may also help you identify when you are ready to hire. If you have seen steady growth, then you can see a relationship between your output and your income. Increasing your output will increase your income. Try a couple of scenarios for a profit-loss graph to determine how much more income you will reap after adding the cost of another member of staff. If it doesn’t work out, then don’t hire yet. But if it means your business can grow substantially, it may be time to recruit.
Are you spending all your valuable time doing tasks that someone else could easily pick up? Your time is best spent doing what you are good at. It may be customer service, production, or winning contracts. Hire someone else to take on the things that are taking you away from what earns the business most money.