Is it time to hire more employees?

  
     
March 03, 2014

Is your small business stressing you out and wearing you thin? If you have found yourself pulling out you hair or buried in paperwork lately, it could be time to consider hiring a new employee.

For a small business, this can be a big task. Many businesses owners put off hiring new employees and turn to offering overtime, but this can be costly and result in overworked staff. It’s important to keep in mind that there’s a fine line between workload and workforce, with two possible extremes: 1. too many employees with not enough work and 2. too much work with not enough employees. Finding a balance between the two may take time, but there are small steps your business can take to get there.

Last year only 17% of small business owners were planning on hiring one person, yet business growth was the top priority. Whether you’re considering adding interns, part-time, or full-time employees, here are few signs it’s time to expand your team:

1. Stunted Growth: You’re focusing too much time on maintaining your business instead of growing your business. Some entrepreneurs consider “wearing many hats” as a requirement to stay afloat, however if you are focusing your time on tasks that take from your passion, it could hinder your success. By bringing in relief, you can free up time to fall back in love with your business and nurture new ideas.

2. Your workload is compromising quality: It’s important to know your workload limits and what your workforce can handle. If you start to hear complaints or find yourself passing on orders because you don’t have the time or resources to put 100% into the job, it may be time bring in someone else.

3. Revenue is up: Determine what percentage of your business operating costs is dedicated to payroll. When you see a significant spike in revenue, it could be a good time to increase your man power. This could drive your business to further success by opening the doors to tackling more jobs or more advanced jobs.

4. Employees are down: If your employees are complaining, your leadership team is overworked or if your overall work environment has lost its steam, it may be time to bring someone else on board. Lightening the workload can increase overall productivity and motivation.

Once you’ve decided it’s time to hire, decide what tasks the position will have. Write a clear job description and post it on the BBB job board at sandiego.bbb.org. Hold interviews, ask for referrals, and try to match someone who fits in with your work environment.