Law of Success: Do I Need to Hire More People?
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Law of Success: Do I Need to Hire More People?
By: Cheryl A. Clausen

If you doubled your revenue with your existing people resources do you really need to add more people? Hiring additional people when you don't really need more staff is a big and costly mistake. Employees cost you more than just the salary you pay them.

Before you make a hiring decision you need to be confident it's the right decision. Could you improve your efficiency? You and your staff did what you had to do to get the work out. You may be exhausted from your accomplishment. Make sure you know if you are exhausted in spite of the work being accomplished in the most efficient way, or if you exhausted because you did what you had to do to get the work done without considering how the work was accomplished and ways to accomplish the same level of work more efficiently?

Are you getting the most from your available man hours? Do you have skilled people spending time on low value activities that you could outsource? How much additional capacity could you gain if you freed up these skilled man hours? Can you generate enough additional sales to use that additional capacity? What is the revenue potential of your current man hours?

How many new customers would it take to break even on a new hire? Your success strategy hinges on your ability to generate a net profit and ideally you want that net profit to grow.

Wrong hiring decisions negatively impact net profit, and negatively impact your companies culture and work environment. Identify the outcomes you expect the new hire to accomplish. Use these outcomes to develop a job description that helps you to match the right person with the work. Each person in your company needs to either directly impact revenue generation or support the ability of another to generate revenue. Ensure your continued success by hiring right for the right reasons.

 

Article Source: http://www.articles4free.com

Author: Cheryl Clausen can help you get unstuck. Find Success get her life changing ecourse. Get your Keys to Success here.

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