Growing your business is much like walking a tightrope. You are constantly walking a fine line between keeping company costs at a minimum while trying to meet the demands of your customers. Take, for instance, the decision to hire new staff. As a business owner, it is important to have enough people on the payroll to satisfy your customer’s needs, but hiring too many would be detrimental to your company finances.
So how do you know? What is the dead giveaway that you need to expand your employee base? Several factors might indicate the time is near. You’ll need to look at your company structure as it is now and weigh the pros and cons of hiring new staff.
In the Meantime…
As you juggle hiring new staff, there are effective solutions that can save you money while also resolving the matter on a temporary or permanent basis. Hiring temporary staff through companies such as Extreme Technologies Inc allows you to keep the ball rolling. This way, your customers are getting the quality service they need, and you have the advantage of testing the possibility of adding to your staff.
Temporary employees are already vetted and experienced in their field, thus requiring little training and resources from your company. If you like the idea of having more staff, you can choose to hire the temp full time or start searching for employees through other resources. If you’re not too keen on the idea, you can simply end the short term contract with the temp and go back to business as usual.
A savvy business owner should always have a plan that can go into effect immediately. Hiring staff is a serious decision that may take time to evaluate. Having an effective alternative keeps your business functioning as you decide where and how to expand your organization further.
Now Back to Evaluating
Getting back to the core of the potential issue, let’s look at some of the most common indicators that additional staff is needed. They include:
- Overworked Staff – There are occasions in which employees’ workload increases (major project, popular season for your products/services, etc.). However, outside of the periodic need for increased support from your staff, if you notice that your best employees are starting to make careless mistakes, they could be overworked.
- Increased Customer Complaints – Have you noticed that your customers are not as happy as they once were? What are the reasons? An overworked staff can make silly errors, miss important deadlines, or take too long to answer concerns. Each of these things can naturally cause your customers to become disgruntled.
- You’re Missing Opportunities – When you’re too busy trying to find the time and resources to complete current projects, this leaves less time for you to focus on new opportunities for your company. If you’ve been turning down potential businesses simply because you don’t have the time or resources to complete them, it’s time to hire a team.
- The Demand for Your Products/Services Has Increased – There are plenty of reasons you might see a surge in demand for your products and services. You added a new product/service, consumers are becoming increasingly aware of the benefits of what you have to offer, and so on. If you realize that the demand will increase and stay that way for some time, you might need a few more employees to help get things done.
- You or Your Staff Doesn’t Have the Right Skills – No one knows everything, and there are instances in which the needs of your customers and the growth of your business go beyond you or your staff’s area of expertise. In these instances, hiring individuals with a higher level of skills is evident.
If any of these points are relevant to your business at the present time, then your best bet is to hire some employees. Remember, if you decide to hire, you don’t have to go through the expense and frustration of hiring full-time permanent staff. Many companies have benefited from hiring contract or temporary workers to fill the void. It is a lot more efficient in that it saves time and money, which is ideally the key to improving productivity.