As an employer, one of your jobs may be to decide if and when to hire new staff members. This can be tricky with today’s economic up and downs. So how can you determine your company’s hiring needs and if they fit into your plan and budget? According to Business Insider, there are four ways to decide:
- Analyze your numbers. Review quarterly budget reports, sales reports and any other internal documents that track your company’s profits and trends.
- Consider an individual’s cash flow potential. If you’re dealing with sales, determine how much in revenue the new hire would need to bring in before that candidate can pay for himself/herself.
- Determine if there are specific skills needed that no one is currently providing. Are there services or territories that aren’t being covered by your employees? If this is slowing your business growth, then a position likely needs to be added.
- Look for signs of burnout. If you regularly see that certain tasks are falling through the cracks due to work overload, this could mean you’re understaffed.
This is not something that employers have to take on all by themselves. Partnering with a staffing firm can complement your own knowledge with staffing industry expertise to craft the best solution to meet your employee needs. Currently, staffing firms are responsible for placing two million workers in temporary and permanent positions on a daily basis, according to the American Staffing Association.
For more about staffing firms, and more about ITAC specifically, please check out the “Why ITAC” portion of our website.