There’s a strange limbo stage between every new hire. You aren’t sure if you need another person quite yet, but you know your team’s time is stretched to the max. How do you know it’s the right time to grow your team? Here are five signs.
1. Your growth rate just skyrocketed.
Sometimes, it takes the right product or marketing campaign to propel your growth rate forward faster than anticipated. Although exciting, it might have you wondering if it’s a short-term spike or if you’re going to have to stock up on manpower for the long run.
Many times, a jump in revenue growth is a sign for team growth as well. If you’re unsure how long-term the increase in new business will be, try hiring temporary employees to fill the gaps in your schedule in the interim.
2. Your team members regularly work overtime.
When was the last time you ran the reports on how many overtime hours your employees put in? In many cases, the employees does not mind earning a little extra in their paycheck, so they might not let you know. For you, the employer, this can be costly.
Run a report in your scheduling app to see who has worked overtime, and how many hours of overtime you’re paying out each month to these employees. If you’re paying out over 10 hours of overtime work, it might make sense to bring someone else on board.
There are a few reasons why this is important. Not only do you want to avoid burning out your current staff and paying more than you need to in wages, but you also want to have a backup plan in case someone leaves your company. If your employees are already working overtime on a regular basis, having an employee quit, get sick, or need to be fired will put an unavoidable strain on your entire staff. Plan ahead to avoid this.
3. You’re regularly working overtime.
Perhaps it’s not your employees working overtime. Perhaps it’s you. If you’re notoriously a jack-of-all-trades kind of manager who avoids delegation, you’re not alone. Still, this type of work can’t go on forever. Bringing on extra help and learning how to delegate some responsibility will ease your workload while still keeping your business moving forward.
4. You’re approaching a busy season.
Sometimes, the holidays turn into hiring season. Other times, your busy season is during the warm winter months when school’s out for summer and families are on vacation. In either case, when you’re approaching busy season, it’s a good idea to stock your schedule with quality help.
5. You’re having trouble fully staffing each shift.
Perhaps it seems like you should have enough team members on your roster, but your schedule tells you otherwise. Each shift leaves you feeling strapped for help. Someone calls in sick. Team members are at school or on vacation. No matter how well you try to accommodate everyone’s schedule (and how much freedom you give your team in managing their own schedule), you rarely feel like you have enough hands on deck.
In this case, even when the numbers don’t quite add up, it’s helpful to have another team member on board to fill in the gaps. This will lessen the stress load for your other team members and keep your entire business functioning at a high level.
Is It Growth Time?
If your business is growing or your team is already feeling the burden of working extra hours, it’s time for growth. Hire fast, but hire smart, so you can continue to propel your business forward without sacrificing quality of service.
Author Profile Jon Forknell is the Vice President and General Manager of Atlas Business Solutions, Inc., a software marketing company specializing in employee scheduling software, including ScheduleBase employee scheduling software, and other business software solutions. In the past, Jon has been recognized by the U.S. Small Business Administration as a SBA Young Entrepreneur of the Year. Atlas Business Solutions was named as one of Software Magazine’s Top 500 Software Companies in 2004 through 2007 and again in 2010, 2013 and 2014.