Knowing when to Hire New
Saturday, October 7, 2017

Becoming a business owner can be one of the most lucrative and rewarding choices you can make in your career.  But if you’ve been in business even a week, you’ve probably realized that there are so many facets to running a small business or company.  One challenging aspect of business ownership is managing when to grow your employee base and when to delegate tasks throughout your current workforce. 

So how do you know when you need to create a new role in your company and hire someone new?  There are many things you can ask to help you determine if that’s the best step for your business.  First and foremost, understand that when you create a role for a new employee, you need to be sure the company is fiscally prepared for another employee.  Hiring someone, the right person, is a long term commitment.  You’re committing to offering them pay, unemployment if they were to leave, worker’s compensation, and a variety of benefits depending on the terms of their hire.  If the company isn’t financially prepared to have another full-time employee, then hiring someone will be detrimental to your growth no matter how much you need the help.

If you could feasibly pay out the income for an additional employee there are a range of factors to consider…

Overworked

Are your current employees overworked?  Is their productivity and effectiveness being negatively impacted by the degree of work they’re expected to produce?  Are employees willing to take on new responsibilities and skills, but unable to because of the expectations already placed on them?  If any of these questions seem familiar, your company may be at a turning point where new roles need to be created.

Underskilled

Do you have employees that don’t quite have the skill set needed in order to make advancements in your industry?  What has worked as the status quo may not be enough to take your company to the next level.  That doesn’t mean your current employees aren’t effective, it just means that a different skill set may be required in order to increase company growth and advancement.

Time Efficiency

As the manager or business owner, reflect on how you’re spending your time.  If your efforts can generate $1000 an hour for the company through sales or management and you’re covering accounting and technological duties that can be completed at $30 an hour, financial loss is being created by not hiring someone to manage those tasks. 

RJ Byrd has been placing highly qualified and talented candidates to meet the needs of companies since 1996.  We specialize in filling roles for Executives, Mid-Level management, Information Technology, Finance and Accounting.  Contact us today to help your company accelerate to the next level.





 
 
Subscribe To Our Blog

Blog Categories

  • General
    • What to avoid on a resume
    • Is it time to go back to school?
    • Do you need a career mentor?
    • Lead Enterprise Architect
    • What to Avoid During an Interview
    • Most In-Demand Tech Jobs for 2020
    • How to Find the Right Hire for Your Financial Depa
    • Unsure if you need a new career? Here are some sig
    • How to Find the Right Programmer
    • Don’t Lose Heart During Your Job Search
    • Understanding Behavioral Interview Techniques
    • Here Are Some of the Best Interview Questions
    • Can We Have Too Much Experience On Our Resume?
    • Most In-Demand Tech Jobs Outlook for 2019
    • The Best Career Options for People with a Finance
    • Career Placement Agency Best Practices
    • The Role of Recruitment Agencies
    • Why Hiring the Best Instead of the Available Is A
    • Top Tips to Advance Your Career in the Tech Indust
    • What You Should Know Before Making a Career Change
    • Top 10 Careers in the Tech World Today
    • 5 Reasons to Hire Employees through Career Placeme
    • 5 Helpful Insights to Bagging that IT Dream Job
    • 5 Misconceptions about Job Recruiters
    • 4 Advantages of Hiring a Recruitment Agency
    • Let Your Passion Drive Your Career Choice: Three V
    • Compromising or Maximizing: Where are you in your
    • Knowing when to Hire New
    • Networking for Net Worth
    • Describing Yourself in the Interview
    • Acing the Interview in Style
    • Making the Most of Your Career Search: Linking up
    • Making the Most of Your Career Search: Covering Yo
    • Making the Most of Your Career Search: Refreshing
    • Making the Most of Your Career Search: Part One
    • Your Resume: How to Really Make It Stand Out
    • The Cover Letter Dilemma – How Best to Use One
    • Best Times to Apply
    • Better Interview Questions for Finding the Best Hi
    • Making a Great First Impression During an Intervie
    • Can the Seven C’s Help you Find the Best Employees
    • Advice from Women in the Tech Industry
    • Succeeding in the Tech Industry
    • Perfecting Your Resume
    • The Silent Interview
    • Hiring the Best Instead of the Available
    • Beyond Cost: Calculating the ROI of New Hires
    • Inc: How This Texas City Is Working to Reclaim Its
    • Dallas Business Journal Poll: What is the best thi
    • Dallas Business Journal: Construction spending at
  • News
  • Finance/Accounting
  • Technology
 


Navigation

Home
About Us
Current Positions
Questionnaire
News
Contact Us


Contact Us

RJ BYRD SEARCH GROUP

4201 Spring Valley Rd Suite 350
Dallas, TX 75244
214.343.1700
View Map
RJByrd

Copyright © 2020. RJ Byrd. All Rights Reserved.