It can be difficult to know when the right time to expand your employee team is. Things may have taken a turn for the better at your business venture recently, and so you are now thinking of getting a few more pairs of hands on deck to help steady the ship.
There are a few key indicating signs that show you’re ready to hire more individuals to work for you, so it is essential you know what these are.
Are you ready to take the next step?
You need to be at the right point in your business’ timeline for it to take on extra staff members. Perhaps you’ve been a small unit for a year or two now, or even working completely on your own, and things have been going pretty well. Naturally, you may feel as if now is the right time to bring in some help from elsewhere, to both further establish your firm and continue to grow.
You should however, be considerate of the amount of profit you’re currently making. The more members of staff you take on, the more wage packets you’ll have to finance at the end of each month. Is your business now in a spot to be spending a large chunk of extra cash each month? Do you really need the extra assistance that will be provided by taking on more staff? These are a few of the questions you need to ask yourself before you start sending out any job advertisements.
How do I know when I need to hire more staff?
You’ll know you’re in need of more staff when the workload is becoming a little bit too much for your current team. This is particularly apparent to those business owners who work alone within their ventures. If you’re struggling more than you did at the start, do not assume something has gone wrong or that you’ve become worse at leading your company; the chances are that you have developed as a small business and now have more clients, a larger workload to deal with on a daily basis, and have probably entered more business sector areas than you began targeting back at the start.
You may even be beginning to notice chances for development and growth, such as a gap in the market you know that you can fill with your products and services, but don’t have the manpower to go through with your goals. This is where hiring more people to work for you can start to become essential to the continued growth of your business. Try not to dismiss your chances of growth and let them pass by, as much in the world of business is about being at the right place at the right time.
Take on more staff members in these situations if you can afford to do so. As long as you’re comfortable with your budget and aware that it will be heavily affected by incoming workers, you shouldn’t have any issues with adding to your employee team.
The Apprenticeship model
Apprenticeships could play a big part in helping your business grow if you are looking a taking new members of the team onboard. Rishi Sunak’s Plan for Jobs has new measures in place for employers who hire an apprentice between 1 August 2020 and 31 March 2021 can claim a £2,000 incentive payment for any apprentices aged 16 to 24, and £1,500 for those aged 25 and over.
Looking to get hired during the Coronavirus pandemic?
Perhaps you’re reading this article from the viewpoint of someone that needs a job, not someone who currently owns a business. We all know the pandemic has led to many people losing their jobs in the United Kingdom, and being forced to look for new lines of employment. If this applies to you, we have some advice that may be helpful during the job hunt:
- Always expect the job search to take a long time. This is something that will help you avoid disappointment more than anything else, which is likely more important than you first think. Finding a new job often takes an extensive amount of time, which is unfortunate news for those of us that desperately need to get our hands on some income during a crisis, but it is simply the harsh reality we must face up to.
- Don’t use the exact same cv for every job. Tailoring your cv with some individual specific details for each and every job you apply for is undoubtedly the best approach to utilise when searching for a new job. Have a basic copy of your cv saved to your computer, but be prepared to make changes within every job application you fill out, so that you can impress different employers.
- Be clear about what you want. Where do you want to work and does your current skillset and experience set you on the right track to achieve your employment goals? If not, you should look into what you can do about it.
- Research your target companies. If you turn up to an interview not knowing anything about the company you’re hoping to be employed by, you’ll seem unprepared and thus unlikely to land the position. Be prepared and take the time to make sure you know your stuff.
Positives to taking on new staff members
- You’ll be able to spread out the work load and take some of the weight of your company directly off your own shoulders. It really can be useful to get some helping hands in and make things a little easier for yourself.
- More ideas will be generated and problems will likely become easier to solve when you have more minds at work. Working together with others is often a great way to overcome issues in a company. It also isn’t a bad idea to get the opinions of others on something you’re working on. Perhaps you have a few negative points in a project that someone else could point out to you.
- Availability to clients and customers will most likely increase. Gone will be the days of you having to reply to every single customer query and complaint, by taking on a few staff members to help you out, either they can start taking care of these matters on your behalf, or you can begin to widen your company’s available hours as a team.
- You’ll start to build up strong relationships with other members of your workforce. This could potentially lead to friendships outside of the workplace, or simply just give you a few people that you can rely on within your company, which will always come in handy further down the line.
Ensure that you have the right budget to take on extra members of staff before making any serious decisions on the matter. If you are confident that you’ll remain outside of any financial frailties while paying the wages of your new employees, and you believe that they’ll help to advance your business to the next stage, then there is no reason why hiring a couple of new staff members will be anything but a positive thing to you and your business venture.