You Think You Need to Hire (But You Don't!)

In a startup, learning to recognize when you actually need to hire, vs. when you think you need to hire, is critical. As business picks up it can be tempting to get ahead of yourself. People tend to equate more employees with more success, so it’s easy to think that adding employees will drive business. However, expanding too quickly or hiring in anticipation of growth can be a morale killer. You only need to hire when: • Your employees are unable to complete their work or their quality of work slips because they have too much on their plates • Your employees’ workloads have them stressed to the point of frustration • You have guaranteed, contracted work that requires adding staff There is nothing worse than talented individuals sitting at their desk with not enough to do and wondering what they got themselves into. A bored, uninspired employee is soon to be a lost employee.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.