Edmonton Business Consultant | Importance of Employee Longevity
Edmonton business consultant | how to hire right employee
As the Edmonton business consultant for Spurrell and Associates chartered professional accountants, we believe that helping small businesses is beneficial for everyone. We are passionate at finding ways to help small businesses beat the odds. If you find this article useful in find more in our website at www.spurrell.ca. We offer professional business coaching services, effective marketing strategy and consultation. We offer a free consultation to new clients. If you schedule an appointment with us now you can also receive free copy of “E-Myth” Michael Gerber’s best-selling business book.
We are dedicated to watching the industry Edmonton business consultant. From statistics, we have learned that 50% of small businesses fail first five years. There are a number of reasons why they fail but the third most common, according to 23% of business owners, is failing to recruit the right staff. This article will help you find better employees how to motivate them to stay longer.
The focus for business owners should always be trying to grow their business. It takes a huge time commitment to launch new marketing strategies, trying to find new leads and following up on clients. However often times losing an employee can drastically slow down the growth of your business. Losing an employee can be expensive. In the hiring process takes considerable amount of time and effort. The hiring process consist of recruiting, training and transition period. Finding the right employee in a sea of potential candidates can be difficult and time-consuming. Time that you could be using to generate more revenue. And what you find new employees, but employers need to spend time training that. Training can be quick or can take up a few months depending on the job and industry. New hires need time to settle in the role.
However bad employee can also be as expensive as a new hire. Employers often underestimate the cost of a bad employee. They can be expensive in the long run. A subpar employee and form bad work ethics and suboptimal workflow. Efficient workflow is necessary for business growth. However bad employees can considerably your business and over time they can be just as expensive a new employee and often times even more.
How do we know that losing an employee expensive you may be asking our Edmonton business consultant how to keep employees forever and now to choose the right employee. If an impossible task to keep employees forever. However there are number of ways to help reduce the time spent on hiring. We suggest that employers proactively hire. We cannot predict when employees quit or will get sick. But if you constantly hire you can reduce time spent on recruiting. This also means you will be seeing more people and this will raise your chances of finding the right person for the job. Small businesses do not have the resources to hire a dedicated HR staff so we suggest conducting interviews instead. Avoid asking generic interview questions instead ask why they are right that for the company.
Having a well written company mission and values can help you find employees. Often times business owners right there corporate missions and values to please everyone. We however believe in writing clear and polarizing corporate values. This will deter some people from applying if they oppose your views. At the same time it will encourage people with the same mindset to apply.
Edmonton business consultant | importance of employee longevity
We have a team of Edmonton business consultant at Spurrell and Associates chartered professional accountants who are ready to help small businesses. We are passionate at following the mission we believe that. We offer professional and business coaching services, proven marketing strategy and consultation. We encourage new businesses to book an appointment for they will get free consultation our their first meeting. They will also get a book “E-Myth”. This is best-selling business book by Michael Gerber. If you find this article informative please visit our website at www.spurrell.ca. You can reach via email at [email protected] or if you prefer to talk over the phone call at 780-665-4949. We look forward to doing business with you.
Shocking statistic shows that the first five years is where 50% of small businesses fail and 23% of this failure is attributed to having the wrong team. We will help you find ways to find the right staff and how to keep them for longer.
Business owners are often don’t realize how much it cost to lose an employee. Losing an employee can be expensive because this requires the employer to restart the hiring process over again. This will take time and resources away from growing the business. The recruiting process can take a long time if you do not have a dedicated HR staff. Small businesses do not have the resources to spend on an HR staff. Our Edmonton business consultant suggest conducting group interviews instead of one on ones. This allows the business owner to meet more people and reduces their time requirement in the hiring process. However they should avoid asking generic interview questions instead they should try to look for potential candidates with the same values and interests as the company.
Once you found a potential candidate, you need to start the training process. Depending on the job and industry, the training process can take as long as a few months or as short as a few days. After that there is a certain transition period. This helps the new hire to settle in their new role.
Our Edmonton business consultant would like to state that keeping an employee forever is an impossible task. However there are ways to improve employee longevity. As we mentioned before, you should ask questions that will help you find out if the potential candidate has the same values and beliefs as the company. Often times business owners try to write these values to appeal to everyone. However we believe that it’s more beneficial to write a clear, precise and polarizing corporate mission and values. This will help you raise the chances of finding the right candidate for the job. Corporate mission and values like this one will deter some people from applying. Usually these people are opposed to the company’s mission and values, thus making them unfit for the role. On the other hand this also encourages potential candidates with the same mission and values to apply.