When Recruiting, Remember That ‘Time is Money’
Recruiting and training new employees requires a significant contribution of precious time. Interviews and initial training take time, and—depending on the job’s complexity, the employees’ previous work experience and the expectations of the business —new employees sometimes require long periods of (you guessed it) time in order to become top performers. All of these time-consuming onboarding activities are hidden costs of recruiting new employees.
Even as businesses grow, senior leadership sometimes forgets that managers need to be trained to grow into their new roles as well. Otherwise, the costs of employee mismanagement can be significant. Ideally, new employees should empower the existing team to re-focus on their core strengths, and eliminate frustrations that create roadblocks to progress. Yet knowing whento hire is still more “art” than “science.” What signs should you look out for when deciding whether it’s time to hire new employees?
All of these are indicators of the need for you to hire new employees. They apply to large and small businesses alike.
Once you decide the time is right for you to hire new employees, it’s best to come up with a concrete plan on how to approach your recruiting process. Ask yourself “What type of employees are best for my business?” To answer this, you need to be clear about the intended role of the new employees. Will it be necessary for you to get a subject matter expert, a business development specialist, or maybe a front office person? Will these people generate revenue for your business? Will their work free other staff to handle the core functions of the business?
Even once you’ve made the hire, the pain doesn’t always stop. It’s wise to spend time acquainting your new employees with the company’s vision, values, and team. How will you communicate to them exactly what their role is? While all employers expect hard work and commitment from their teams, it’s still important that you state your expectations very clearly. New hires who are not prepared to pursue the goals of the company can end up becoming expensive distractions. Fortunately, with the proper management processes in place, you can minimize the risks of growing your team. The new energy, ideas, and talent that you recruit will help to re-invigorate your employees, and further accelerate the growth of your business.
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