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E-Myth – “Why most small businesses don’t work & what to do about it”

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Edmonton Business Consultant | Challenges of Hiring the Right Employee

Edmonton business consultant | aligning company mission with employee interests

At Spurrell and Associates chartered professional accountants, we employ passionate and dedicated Edmonton business consultant to give it effective business coaching, marketing strategies and consultation services. You can find more informational articles like this one in our website at www.spurrell.ca. Schedule an appointment with us via email at [email protected] or call as her phone number that 780-665-4949. New clients will enjoy free consultation and a free copy of “E-Myth” Michael Gerber’s best-selling business book.

Studies show that 50% of small businesses are doomed to fail within the first five years. According to 23% of business owners, certain most common reason for this failure is having the wrong team. We would like to help business owners find the right employees and showed them how to keep them for longer.

Business owners are busy growing your business and losing an employee can be very expensive for them. Hiring a new employee can take precious resources away from growing the business. The hiring process consists of recruiting, training, and transition period. Having said that small businesses have a difficult time trying to find the right employee. Our Edmonton business consultant suggest conducting group interviews instead of one on ones. Group interviews allows you to see more people thus increasing the chances of finding the right employee. However avoid asking generic interview questions and ask questions that will allow you to find out if they have the same values and interests as the company. Once you find a new employee, it would need to go through training. This could be as short as a few days to as long as a few months. The new hire also need time to adjust to their new role.

Employers also underestimate the cost of keeping a bad employee. They don’t often realize that said employee could have formed bad work ethics and suboptimal workflow. This leads to lower product productivity and worse work performance. In turn lower revenue. The bad employee can cost as much as a new hire and often more.

Now that we know that new hires are expensive. You may be asking our Edmonton business consultant if keeping them forever as possible. The short answer is no. However there are ways to make the situation easier for the company. We believe that employers should constantly hire. You never know when employees would quit. It would also see more people which means more chances of finding the right employee.

This business owner should also hire based on their company mission and values. Often times corporate values are written to appeal to everyone. It’s often more beneficial to write a clear, precise and polarizing corporate mission and values. While it’s true that you might deter some people from hiring. These potential candidates are most likely not the right fit for the company. On the other hand said mission and values can benefit your hiring process. It is more likely to attract the right people. People with the same mission and values will apply at your company. This makes for loyal employees and people who persevere when challenges arises.

Edmonton business consultant | challenges of hiring the right employee

We employ a number of passionate and dedicated Edmonton business consultant at Spurrell and Associates chartered professional accountants. We are focused on helping small businesses beat the odds. If you need professional business coaching, effective marketing strategies and top-notch consultation services, feel free to contact us at [email protected] or if you forward to talk to us over the phone you can call us at 780-665-4949. First-time clients will enjoy consultation for free. They will also receive a free copy of the best-selling business book “E-Myth” by Michael Gerber. We look forward to hearing back from you.

Most small businesses don’t survive over five years. Statistics show that 50% of small businesses fail within that time. There are a number of reasons for this failure. The third most common reason, according to 23% of business owners, is hiring the wrong staff. This article will help small businesses in finding the right team and how to keep them longer. If you find this article informative and educational please visit our website at www.spurrell.ca to find more.

Growing the business should be a top priority for business owners. Launching new marketing initiatives, following up on leads and chasing clients takes considerable time and energy commitment. Losing an employee could halt your business growth. The hiring process takes a considerable amount of time to execute. A new hire can be expansive business owners underestimate the cost. They need to spend time trying to recruit the right person. They also need training which take a short as a few days or as long as a few months. They also need to help new hires to settled into their new role. Employers also often fail to realize how much a bad employee is costing them. A bad employee can be just as expensive if not more than a new hire. Over time said employees cost business owners more and more and they don’t realize it. Knowing when to let these people go can be beneficial.

As the Edmonton business consultant we suggest constantly hiring. It’s impossible to keep employees forever and proactively hiring can help with reducing the time that you are hiring. Business owners will see more people and have a higher chance of finding the right employee. Group interviews can be more beneficial for small business owners. Unlike bigger companies where they have a dedicated HR staff. Small businesses often do not have the resources to have an HR staff. Group interviews allows business owners to see as much potential candidates as they can. This lowers the time spent on hiring. However I asking the right questions is the key to group interviews. They need to ask questions akin to there corporate beliefs and values.

Most business owners try to appeal to everyone. They write the most enticing and appealing corporate mission and values. However, as of Edmonton business consultant, we believe that writing a more clear-cut and polarizing corporate mission values can be more beneficial than appealing to everyone. While this can the church some people from applying they are most likely to wrong fit for your company anyways. These types of mission and values can also increase your chances in finding the right people.