Having a lean staff can be vital to the success an organization. It may even save you money in the short run. However, if you don’t add needed team members to your organization, it can cost you time and money. Hiring a new employee can be one of the most challenging decisions you’ll make. Unlike replacing an employee who has resigned, understanding when to hire a new team member isn’t so clear. Below are a few signs that will help you decide if you need to hire a new employee to your team.
You Can’t Take On New Opportunities
The clearest sign your organization needs to hire more employees is when you can’t take on more work, new clients, or additional customers. If you are stretched too thin and focusing on survival over growth, you need to re-evaluate your current strategy. Not being able to focus on big picture growth can lead you to lose potential business to your competitors, which can hurt your profits in the long run.
Your Employees Are Burnt Out
There’s a fine line between being challenged and being overwhelmed with work. If you notice your team working longer hours and taking longer to meet their deadlines, they might be burned out. Employee burnout needs to be taken seriously at your organization. Not only do you run the risk of employees resigning, which will only add to the workload, but it can also lead to low employee morale. This can drive even more employees away and could discourage new employees from joining your organization.
Your Business Is Missing Key Skills
Hiring a new employee with a skillset that your business is lacking could be well worth it. Whether you are taking on a new service, the growth of your business requires more specialized skills, or you need to take more tasks in-house, hiring someone with the right skills can put your organization in a good position for growth.
Highly Skilled Staff Members Are Taking On Low Value Tasks
Take notice in your highly skilled staff members’ work. Are they forced to take on logistical or low value tasks? If so, you need to consider bringing on staff members that can support them. This will allow your high-level staff members to use the skills they were hired for. Do a calculation on the dollar value of your skilled workers time per hour. If they are performing tasks that would costs less if assigned to a junior staff member, consider delegating that work to a new employee.
Your Customers Are Taking Notice
You’ll need to make some serious decisions if your clients are taking notice in the changing quality of your organization’s work. You don’t want your employees to miss deadlines, not answer emails or produce mediocre work. All of these issues can hurt your company’s reputation and drive your clients away. To stay competitive, you’ll need to hire new employees as soon as possible to ensure high quality services.
If your business shows any of the signs listed above, the team at The Execu|Search Group can help. Contact us today and our team of recruiters can be a resource as you navigate a hiring strategy for your business.