In many businesses, payroll is one of the largest (if not the largest) line items on your monthly budget. This being the case, adding more staff can be a difficult decision, especially as COVID continues to cause instability in the market. However, at a time when other organizations may be cutting staff and/or not hiring, strategically adding to yours can help lock in talent, solve problems and drive profit to your bottom line.
When do you know it’s time to hire? Here are a few telltale signs:
- When great talent is back on the market.
The COVID pandemic has had a significant effect on unemployment in every state, industry and major demographic group in the country. That means top talent who were not previously available may be back on the job market. By remaining open to expanding your team and finding an agency you trust to streamline your talent search, you can secure in-demand employees without battling competition.
- When bottlenecks are holding up production.
If you find that a certain area of your business is continually a bottleneck, then it’s time to evaluate your talent needs. In many cases, adding one or two new skilled employees can have a dramatic effect on production and profits.
- When you miss out on new business because you don’t have the help needed.
You’ve probably had a lot of great ideas for new business ventures; however, you may not have the resources to implement those plans. Hiring temporary or contract workers can allow you to tap into the resources you need, when you need them, in order to take on new opportunities and grow your business.
- When being a “do-it-yourselfer” is distracting you from your core job duties.
Instead of taking the time to learn a new skill on your own, or spending hours trying to train current staff, bringing in a prescreened, experienced employee can provide the knowledge and capabilities you need in a time-effective manner. This way, there’s no learning curve and you and the rest of your team can continue with business as usual.
If you’re looking to expand your workforce ahead of the competition or are facing any of these challenges, we can help. As a leading staffing and recruiting agency, we can provide on-demand employees to help enhance your talent roster, eliminate bottlenecks, or engage specific skill sets.