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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 | Minimizing The Effect Of Hiring New Staff

Business owners who lose employees should not start doubting themselves or their business says Edmonton business consultant. The reason is because when employees leave, it either has nothing to do with the business or because it was no longer fit for the employee. Instead of taking it personally, business owners should instead understand that as long as they need employees in their business, they are going to need to find new employees, and work towards reducing the transition cost to their business, and identifying the best employees possible.

One of the reasons why entrepreneurs often take it so hard when they lose staff, is because they understand that there is a high cost of employees leaving their organization. Those costs include having to recruit and train a new employee. This cost of losing employees can make this is owners fearful and staff leave, and try to keep every single staff member that they have. However, Edmonton business consultant says business owners also need to realize that keeping the wrong employee is even more expensive than simply losing one. Because the wrong employees deliver subpar performance and can often demotivate and drive away good staff members.

Because how expensive the wrong employee is in the business, business owners should be proactive in ensuring that they are attracting the best staff possible to their organization. Edmonton business consultant says one of the best ways that businesses can do this, is to clearly communicate the companyís values to potential employees. The reason this is so important is that employees want to work for organizations that they feel strongly connected to. That is the reason why people end up working for nonprofits or volunteering for charities. They happily work for free because they connect to the values of that organization. If a potential employee here is the corporate values and decide it is not the right fit for them, business owners should feel assured that they missed accidentally hiring someone who is not going to fit into their business.

Another great way that business owners can minimize the effect of losing staff in their business, is to always be recruiting. If a business owner only recruits when there is an immediate need in their business, they may end up feeling pressured to hire someone quickly, rather than waiting for the right person for that role. By continuing to recruit and have regular interviews, entrepreneurs can see a higher number of people, and identifying the ones that are the perfect fit for the business. When the need arises to fill a spot, business owners can be more ready to fill it with the right person.

By working in their business to ensure they have the best people, and not try to keep everyone simply because they think the cost of transition is too high, business owners can ensure that they have the right people in their business at all times, and that is the most important thing.

Business owners often think that it is a failure of there is when they have staff members leave their business says Edmonton business consultant. However, rather than thinking it is a feeling of the business, business owners should recognize that their business is always going to have employees leaving, and instead of being upset when they leave, business owners should ensure that they are doing what they can to keep great employees, while continuing to look for great employees if they ever need to fill a spot in their business.

When way that business owners can ensure that they are increasing the retention rate of their great employees, is to hold regular and periodic reviews. Instead of holding annual reviews, that take a lot of time, and ensure that a business owner is not communicating with their staff regularly, periodic reviews can ensure that the business owner and the employee are having regular conversations with each other. Business owners can congratulate the employee on jobs well done in the moment, to encourage business owners to repeat the behaviour that the business owner wants to see. This also allows business owners to address problems in the moment as well. It is unfair to let an employee struggle for an entire year becoming less motivated as the year goes on. By addressing problems in the moment, business owners can often turn problematic employees integrate ones.

Business owners should also understand the reason why many employees want to work for employers, is because they connect to the values. Edmonton business consultant says that this is often one of the more important factors for why employees work for the organizations they work for. In addition to that, important factors are location, commute and work life balance. To ensure their attracting the right employees who will connect with the values of the business, entrepreneurs should be open they communicating those values not just with their staff, but during the interview process as well. This way, it is extremely clear early on what the values of the business are, and if that attracts great people, or deters people, business owners can ensure that it is a way to get the right people in their business.

Another way that entrepreneurs can minimize the effect that attrition has in their business, is to ensure that they have two people familiar with every single role in the business. This way, if one person leaves, another person can fill the role easily in a business owner does not have to feel pressured into filling the spot just make sure that a task and get completed.

Edmonton business consultant says it is not a realistic goal to keep employees for life, and businesses need to do what they can to keep the employees that they value, but understand that attrition is a normal part of business, and minimizing the effect of hiring new staff in their business.