By David R. Butcher:
Hiring the right people can make a world of difference in the success of a small business. Yet many business owners do not approach hiring effectively and efficiently. In fact, many often make the same mistakes.
No matter what type of business you’re in, your success heavily depends on finding and selecting the right employees. Having the right people in the right place at the right time will improve your company’s ability to compete.
Great hires can have a tremendous impact on a company’s financial results. Research in the manufacturing sector has shown that the best plant managers grew their business’ profits by 130%, while the lowest performing managers showed no profit improvement.
As we noted in June, 36% of small-business owners recently reported plans to hire full- and/or part-time staff in the coming months, on par with 39 percent reported last spring. Among those, according to the semiannual survey OPEN from American Express Small Business Monitor, 7 in 10 said they need to hire to handle their growing business or to help increase business volume (both 72%), and the number of respondents who report they would not be hiring over the next 6 months (29%) hit a 6-year low.
Human-resources services firm Gevity, which serves small and mid-sized businesses, recently released its list of the top five hiring mistakes made by small. Developed from Cornell University/Gevity research and surveys of small business owners, the list is a handy tip sheet for recruiting and hiring top talent.
Following up on Tuesday’s popular, career-heavy IMT e-newsletter, here are Gevity’s top 5 hiring mistakes - plus one of our own — and how to avoid them.
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