Here’s something to check on: Does your recruiting strategy ultimately provide your small business with profitability?
To get the right talent, you need to ensure that you recruit for the type of team member you want to work with, who will optimize the position and increase revenue.
It starts with having a clear understanding and commitment to your immutable laws. What are your values, the values of the company, and the values you want reflecting in your new hire? What are your must haves?
The other day we saw a job posting for a company we love, and were surprised to see that their job description had points that are in direct conflict with what the company stands for. I can only assume that a third-party recruiter created the description, and I do hope they end up finding someone who aligns with their core values.
When we create job descriptions we tend to add the tasks and responsibilities, but what I found is that if you have someone with the right attitude, a lot of the necessary skills can be taught. It’s harder to teach someone to have a whole new perspective.
Hiring the right people will increase profit in your small business because:
Increased profitability: When a small business recruits and hires the right employees, they are more likely to be productive and efficient at their work – which generates more revenue and reduces costs, leading to more profit.
Innovation and growth: Recruiting employees with diverse skills and backgrounds can bring fresh ideas and perspectives to a small business. This can lead to the kind of innovation and growth that creates more revenue.
Reduced turnover: High employee turnover is costly for a small business. The process of recruiting, hiring and training new employees takes up a ton of resources. Hiring the right people creates more longevity – and loyalty.
Bonus: The right fit = happy team members = better customer and client service (= more money, people!).
Remember to treat your recruiting with care!
Wishing you good health and wealth!
-Mike
PS – Peer support has been an essential aspect of my entrepreneurship journey, so I created a mastermind group so you can benefit too. I’m hosting a One Day Mastermind this spring. Learn more here and make your own journey easier!
PSS – Have you taken a five minute break and watched The Reel Entrepreneur? Watch this fun take on business perspectives here!
