Edmonton Business Consultant | What Entrepreneurs Need To Know About Hiring Staff
One of the most important things that business owners can understand about hiring staff in their business says Edmonton business consultant, is that it is something that is never going to end. As long as entrepreneurs have the need for people, the always need to find people. The reason for this, is because employees are never going to stay with the business forever. In fact, the average millennial employee only stays with employers for an average of 2.3 years. There are many reasons why employees may choose to leave business, and rather than taking it personally, business owners should understand this, and work to be proactive in their business to minimize the effect of it on their company.
There are several things that entrepreneurs need to keep in mind and it comes to hiring and keeping staff. Does Edmonton business consultant say the first thing that business owners should understand is what makes losing employees expensive? While many entrepreneurs agree that they have heard that losing employees is expensive, and reason to try to keep staff instead of replacing them, business owners should understand that the two costs to this are recruiting new employees and training new employees. This is all the transition of going from one employee to the next, and it can add up. Business owners can understand that it is more cost effective to keep employees than it is to lose them.
The next thing that entrepreneur should understand when it comes to hiring and keeping staff is that keeping the wrong employee is even more expensive then losing one. Edmonton business consultant says that despite what many entrepreneurs think, they should not aim to keep all staff members at any cost, because employees that are doing subpar work for months on end, can be made more expensive then letting them go, because they tend to drive away good staff. So in addition to doing poor work, they also cause great staff members to leave. Because of this, entrepreneurs should understand that there is a far larger cost associated with having the wrong employee then with replacing them.
Because of this cost associated with replacing staff, or keeping the wrong staff, business owners should understand that periodic reviews can be an important tool in helping identify great staff as well as eliminating problematic behaviour. Rather than doing an annual review, that forces an entrepreneur to try and remember all of the things that needs talk to an employee about, doing periodic reviews can be far more effective in using positive reinforcement to encourage great behaviour. It allows entrepreneurs to congratulate their staff on jobs well done and good behaviour. Edmonton business consultant says this also allows entrepreneurs to be able to address struggles that staff members are having early on in the hopes to fix it, or discuss any problematic behaviours that come up as soon as those problems are noticed. When entrepreneurs are able to use these techniques, they can encourage continued great behaviour from great staff, and can help staff that have problems correct them.
Although entrepreneurs often take it to heart when they lose employees and end up doubting themselves, Edmonton business consultant says it often has nothing to do with entrepreneurs on why staff leave. In fact, is owners that try to keep the wrong staff, often end up with larger problems in their business. There are several things that entrepreneurs should keep in mind when it comes to keeping staff, losing staff and attracting new staff.
The first thing that entrepreneurs need to understand when it comes to employees in their business, is that it is not realistic for business to keep an employee for life. Edmonton business consultant says that entrepreneurs should definitely do what they can to encourage great staff to stay in the business, all while ensuring they are not encouraging the wrong people to stay in their business. However all things being equal, employees will leave businesses when the timing is right for them and for a variety of reasons. Business owners should not be taking that personally, and instead work to minimize the effect it has.
One of the first things that a business owner can do to minimize the effect of losing staff on their business, is to ensure that there is more than one person who can do each job in the company. This way, no matter when an employee leaves, or which employee leaves, an entrepreneur can ensure that their business never suffers because of it. This can help entrepreneurs not feel pressured to replace that person with the wrong employee, because their business is still doing well.
Edmonton business consultant says that because business owners are never sure when employers are going to leave their business, they should always be recruiting in their business. If entrepreneurs wait until they have a position to fill in order to start advertising or new staff, it may cause the business owner too much time between when they start looking, and when they hire someone. He can often take a long time and meeting lots of people in order to find the right fit for the business. By continuing to recruit even when all positions are filled, entrepreneurs can ensure that they are proactive and able to fill a spot in their business much sooner whenever the need arises.
By being aware that employees are always going to be leaving businesses, often for reasons that are not related to the business, entrepreneurs can ensure that they are proactive in minimizing the effect that losing a staff member has on their business says Edmonton business consultant, and helping their business look for the best employees to fill that spot. By understanding that attrition is going to happen no matter what in a business, business owners can move on with minimizing the effect that has in their business.