How To Determine Your Hiring Needs

In this blog, OrangeIQ will teach you how to determine your hiring needs. Hiring staff is a milestone for any business. That is to say, levelling up its skill base and multiplying the number of hands working. If you ask any business owner about their biggest mistakes, bad hires are almost always at the top of the list. That is to say, like every decision, there are pros and cons to taking on full-time employees or outsourcing. The key to making the right decision for your business is being crystal clear about what you want to achieve.

• What Skills Do You Need?

When managed well, taking on additional labour is an exciting leap from being a one-person show to becoming a viable business. But recruiting can also create a myriad of distractions for an emerging entrepreneur. The key is to stick to your business plan. That is to say, every business plan should include an outline of the skills required to sustain business growth. If yours doesn’t, now is a golden chance to draft a plan and clearly define what skills are needed to complement your own strengths and sustain business growth.

• How Many People Do You Need?

Having established what skills are needed, the next step in how to determine your hiring needs is to really inspect thoroughly whether any one person possesses them all. That is to say, with growth comes a need for deeper knowledge and workers with more advanced skillsets. For example, simple self-managed bookkeeping often grows into the need for a qualified account. As a result, you need to determine how many hours per week you need to invest in those skills. That is to say, both now and in the short-to-medium term. Facing the problem of “not enough hours in the day” may be a sign you need specialist expertise in multiple fields rather than a jack-of-all-trades.

• When Is The Right Time To Expand Your Workforce?

Don’t be lulled into thinking that the step of establishing a business was the end of your risk-taking. That was just the start. You need to remember that the expansion of resources is essential to maintain the momentum of business growth. That is to say, this includes labour as well. There is a natural comfort in doing everything yourself, but once others- That is to say, especially customers – recognise that you don’t have enough hours in the day, the time to get more here is here. Allow yourself the space to do what you do best and outsource the rest.

• What Is Available?

Knowing what you need and when comes to researching what support services are available. There are many services open to businesses that will free you, the owner, to focus on growing your business. In addition, if you can get more customers to grow your income, you can afford to invest in additional resources. Once you begin looking at what services are available, you may be pleasantly surprised at the opportunities on offer to free you of the distractions from doing what you do best. That is to say, outsourcing can free you from a lot of distractions and allow you time to focus on the core tasks of your business and work towards its growth.

Which Way To Go?

That is to say, only after the above steps are completed should you really focus on the original question. Whether to outsource or hire full-time employees.

• Outsourcing

What is your business’ value proposition? How much are other tasks distracting you from that? This is where outsourcing can be more valuable: Outsourcing back-office tasks or gaining specialist skills at a better value. That is to say, there will be risks with this as well but if done right, the pros will outweigh the cons.

• Full-Time Staff

Having employees on the payroll allows you to align skilled people with our core value propositions, build your corporate skills, foster key relationships, and create your company culture. They buy into your vision on the promise of growing their career and if, your business success, sharing in the rewards. The risk comes in them replicating your core product or service elsewhere.

That is to say, like most business decisions, recruitment can be high risk/high return. Delivering high returns boils down to hiring the right people at the right time and for the right purposes. We hope this blog helps you a little better with your question about how to determine your hiring needs.