When it comes to advancing your company’s goals, it is imperative to add mission-critical roles and fill them, including those that require specialized talent. In most businesses, people are often the most significant expense, so it can be challenging to justify adding new staff. Coupled with a tight labor market, strategic hiring can be difficult but is necessary to add increased value over the long-term. If your company is showing these three red flags, it may mean that it is time to hire additional talent:
1. Bottlenecks are holding up production.
If you find that a particular area of your business is continually a bottleneck, then it is time to evaluate why there is a hold-up (hint: it’s likely your talent). In many cases, adding one or two new skilled people or even a different shift can free up any bottlenecks and positively impact production and, ultimately, profits.
2. New business is decreasing because the needed help isn’t there.
You’ve probably had many great ideas for business expansion; however, you may not have the resources to implement those plans or take on new customers. If you find that your current team is tapped out—missing deadlines or unable to meet with a new customer—you may want to consider its impact on the bottom line. With temporary or contingent labor, you can tap into the resources you need, when you need them, to take on new opportunities to grow your business.
3. Lack of specialized talent is slowing down or stopping projects.
Instead of taking the time to learn a new skill on your own or spending hours trying to train your staff to work on a project, bring in an experienced contract employee who can offer the knowledge and capabilities your company needs temporarily. There is no learning curve, and once the project is finished, you don’t have to worry about a full-time employee’s cost.
In specialized talent spaces like construction, manufacturing, marine, and other skilled labor related industries, your business’s talent can be a key driver behind your strategic hiring strategy. When it comes to advancing your business, certain red flags are clear indicators that talent needs to be evaluated and, usually, enhanced or augmented. Consider partnering with a staffing agency to help guide your business toward success with highly qualified, certified, and specialized labor.