The Importance of Smart Hiring Decisions for Business Leaders

Finding good workers is often one of the most challenging parts of business leadership. Hiring decisions are likely some of the most consequential decisions that you will make as a business owner or business leader. Hiring the wrong staff can lead to massive headaches, reduced profits, damage to your company’s reputation, and even legal disputes. Furthermore, staff who need constant monitoring and assistance take your attention away from the bigger picture. If you are the owner of a small or medium-sized business or you are in a leadership position at your company, it is important to recognize how hiring decisions affect your business’s growth.

Hiring the Right People for the Job

Many business leaders struggle to hire staff who can complete their jobs proficiently. According to one survey, more than 60 percent of small business owners surveyed admitted regretting a past hiring decision. On average, it takes a small business owner nearly $2,000 and four months of searching to find and hire a new worker. Making the wrong decisions can be costly, time-consuming, and frustrating.

Before you can start evaluating applicants, it is important to pinpoint exactly what it is you are looking for. If you are interested in hiring a new employee, make sure to ask yourselves the following questions:

• What do I expect of the employee, and are these expectations feasible?
• Do I have a detailed job description that accurately reflects the work duties and expectations?
• What qualities am I looking for in a potential employee?

When evaluating job candidates, consider the person’s work history, background, strengths, and weaknesses. Consider whether the applicant’s personality meshes with the work environment he or she will encounter. Conduct a background check and contact the applicant’s references. These steps are often overlooked, but they can mean the difference between a good and a bad hiring decision.

Avoid the Temptation to Micromanage

Your business is deeply important to you. Understandably, it can be difficult to let go of some of the control you have over day-to-day decisions in your business. However, micromanaging and trying to do everything yourself can backfire. You may get bogged down in the minutia and neglect bigger picture tasks that help grow your business. Once you have hired the right people, make sure to step back and let them do their jobs.

Call Us for Help Today

Hiring the right people is a key step in growing a successful business. For help with hiring concerns, employee contracts, independent contractor agreements, and much more, contact the Gierach Law Firm. Our Naperville business law attorneys understand the unique challenges business owners face. We have the legal knowledge and practical business experience needed to provide sound guidance you can depend on. Call 630-756-1160 for a confidential consultation today.

Sources:

Small Business Trends

Monster