As much as you might want to be able to tackle every aspect of your growing business, it will reach the point where you need help. This is where intelligent recruitment comes into the picture. A well-balanced team can help your business develop and succeed in ways that you could never achieve on your own.
By Team Savant
Image: Jenny Ueberberg
The Importance of the Right Team
Your team can make or break your business, it’s as simple as that. Depending on the size of your company, you might need different specialties on board, but the emphasis should be on the right balance. A successful team is rarely made up of identical players, but of a diverse group of people with complementary skill sets.
While it would be wonderful to have a person for every niche, it’s rarely practical. Smaller businesses especially simply don’t have the money or the infrastructure to support such an arrangement.
Appropriate skills and qualifications make up a large part of what you’re looking for in your team, but you should also consider how well they work together. Everyone doesn’t have to be best friends, but they should at least be able to work professionally without creating an uncomfortable environment.
If a team is made up of people who can’t get along, or who don’t have the right qualifications or skills for what you need, then productivity and quality will suffer.
Knowing When to Expand
One trick to building a dream team is knowing when you need to expand and hire someone new. Each new individual mixes up the team dynamics and comes with extra costs. So, you need to know when is the best time to expand so that it’s worth the investment.
Before you dive into the recruitment pool, consider outsourcing for a service instead. Hiring a dedicated accountant is a serious investment when you could always bring an external tax firm on board to tackle your finances instead.
As your business needs expand, so should your team. One of the biggest signs is that your current employees are overworked or that you find yourself unable to handle any new business. Or, if customer service begins to slip, it’s a good idea to lighten the workload.
Another sign is that you or your highly skilled employees end up doing administrative or junior-level tasks that could be handled by someone else. As your team grows, it will become more prudent to hire dedicated managers or HR specialists so that you don’t have to tackle these tasks yourself.
What Are Talent Analytics?
It’s clear that hiring new staff isn’t as straightforward as it seems at first glance. But nor does it have to be something you spend precious time agonizing over. Talent analytics, a discipline used by Horsefly Analytics, uses technology and data to help businesses make intelligent hiring decisions.
This helps you to expand in a measured, logical way that will benefit your business now and in the long term. This way, you can hire the right people at the right time.