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Business owners often have been told that replacing employees is expensive, and to minimize that expense they should keep employees for as long as possible. Edmonton business consultant says the two factors that make replacing employees expensive is recruiting and training that new employee. While this is something that can cost an entrepreneur, it is also inevitable that business owners are going to have to do this in their business, so in order to minimize the effect it has on their business, is owners should be proactive to reduce the effect and the cost that transition has in their business.
A great way that business owners can minimize the cost and affects of losing a staff member in their business, is to always be recruiting. If entrepreneurs wait until they have an employee who leaves in order to start looking, they could be wasting valuable time. Edmonton’s business consultant says trying to find the best fit for business, often takes a significant amount of time as well as meeting a large number of people. By ensuring that there are always recruiting, business owners can maximize the time that they have looking for people when there is no immediate opening, as well as maximize the number of people that they meet. By doing this, business owners can lower the amount of time that it takes to find a great fit and hire them in the role.
Another way that business owners can minimize the effect of losing a staff member can have on the business, is by ensuring that they always have a minimum of two staff members who can do every role in the business. Edmonton business consultant says this way, entrepreneurs can ensure that no matter what employee leaves, another staff member is going to be able to fill the role in the business. By ensuring that the business does not suffer, can minimize the effects of losing that person, and also help an entrepreneur not feel pressured into hiring someone immediately. This way, business owners can take the time they need to identify the best fit for the business and for the role, that when they do find that person, it is going to be a great fit for both.
Business owners need to understand that attrition is a regular and expected part of business ownership, and as long as an organization needs people, there is going to be a need to look for people. By being proactive, business owners can minimize the effect that losing the staff members have on their business.
Business owners have often been told that it is so expensive to lose employees, that they risk keeping the wrong employees in their business because they do not want to go through the expense and time of replacing that staff member says Edmonton business consultant. However, entrepreneurs need to understand that there is a far greater cost to keeping the wrong employee then replacing them. The reason for that is when wrong employees do poor work for an extended period of time in their business, they can end up driving away good staff. So in addition to not being efficient with their work, they causing more staff to leave which also adds to having to find new employees. Because of this, business owners should not worry about the cost of losing an employee, and instead be proactive about hiring people in their business, so that they can always be looking for the best people work in their company.
One of the best ways that entrepreneurs can always ensure that they are communicating who the right fit for their business is, is by writing out there corporate values, and communicating them to potential employees as well as employees that they have. Edmonton business consultant says this is extremely important, because the right people that connect with those values are going to want to stay working in the business for as long as possible because they share the same values. Also, entrepreneurs should understand that the people who do not share those same values, may decide that they do not want to work there even before they are hired. They should be considered a success, that the people who are not a good fit can eliminate themselves early on. Because of this, business owners need to be very clear when they are writing out the mission and vision of their business, in such a way that it is not necessarily appealing to everyone. Rather than trying to have broad values that everyone can connect with, business owners should understand that it is okay to have polarizing values because this will help attract people that share those values and it will also help keep the ones that do not share those values away from the business.
Edmonton’s business consultant says that this is extremely important for entrepreneurs to do, not just because it can attract great people and keep them in the business but because it often is a more important factor to the happiness of employees then salary and wages. Edmonton business consultant says that people are happy to work for organizations that share the same values as them, and can be even more important than other factors such as worklife balance, location and the commute.
By identifying clearly what the business stands for, can help entrepreneurs attract the right people to their business, and help keep them there while ensuring that the people who do not share the same values may choose not to even apply.
