knowing when it's time to hire

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Time to Hire Knowing when it's words of wisdom from iStaffwise

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Post on 07-Aug-2015

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Time to HireKnowing when it's

words of wisdom from iStaffwise

Being really busy is a signof doing well, as it usually

means business is thriving.

And when 12 hour dayshappens you do it withouta second thought

because you knowit’s worth it.

And when 12 hour dayshappens you do it withouta second thought

But being toobusy for too

long can be aproblem.

Without proper sleep or a clearmind,

Without proper sleep or a clearmind,

things willinevitablystart to fallthrough thecracks.

If you findthat you andyour currentemployeesare workingabove andbeyondcapacity,

If you findthat you andyour currentemployeesare workingabove andbeyondcapacity,

yet have anever ending

list of work toget done and

can no longerkeep up,

it may be time tobring in some

more staff.

Before anythingthough,

Before anythingthough,

make sure you understand all thedifferent costs of hiring someone new,

Before anythingthough,

make sure you understand all thedifferent costs of hiring someone new,

besides just theircompensation.

Once you figure out how much that will cost,

there are three basicthings you need to

consider beforehiring more staff:

1Will a newemployeeincreaseyouroverallrevenue?

A new employee shouldbring in revenue by:

A new employee shouldbring in revenue by:

selling more of your product(s),

making it easier for you to deliver whatyou sell,

or even by creating a greater demand for your goods and /or services.

You could even hiresomeone to take overyour administrativeduties,

You could even hiresomeone to take overyour administrativeduties,

giving youmore time to

concentrate onwhat you love.

Will theincrease be

enough tolower the

expenses thatyou already

have?

2

This isn't as important asbringing in new revenue,

This isn't as important asbringing in new revenue,

but it is still a bigfactor to consider.

Of course simplyhiring someonemeans you have

more costs.

But the goal isto figure outhow adding aworker canreduceexpenseselsewhere,

But the goal isto figure outhow adding aworker canreduceexpenseselsewhere,

enough soto even

out yourbudget.

3Will a new

employee loweryour work load?

Having a reducedworkload willgive you more

time toconcentrate on

what isimportant and

only do the workthat you do best.

For the things that you are notgood at or do not like to do,

For the things that you are notgood at or do not like to do,

hire someone who specializesin those tasks.

Hiring or not is a big decision, but it is something youhave to do if you want your business to keep thriving.

If you have any questions or need morebusiness advice, visit us online today at

www.iStaffWise.com