Although hiring early does add to overhead by bringing employees aboard before they<\/p>\n
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become economic contributors to the bottom line, there is much to be said about consistent or improved service quality by having trained employees already on the front line when the customers want and need them.<\/p>\n
Perhaps it all depends upon how you want to deploy available cash during good times. \u00a0We\u2019ll assume that you don\u2019t have the freedom to do so when cash is tight.<\/p>\n
Hiring when growth is steady or if unpredictable <\/strong><\/p>\n So, there are periods in any economy or industry segment when growth seems steady and there are few warning flags ahead.\u00a0 In such instances, it is much less risky for a company to execute its plans for spending in coordination with forecast revenues.<\/p>\n [Email readers, continue here…]<\/em><\/span> But there are many more times in which the near-term future is far less predictable, and when early hiring decisions may be just the wrong move, reducing flexibility and reducing reserve resources.\u00a0 It is during such more common times, that you should consider using temporary employees to fill demand as needed, even if brought aboard a bit early for pre-training.\u00a0 And increasingly, there are off shore service providers able to contribute to production and service, expanding and contracting at will, with some sacrifice in control and sometimes in quality.<\/p>\n Your reputation with your employees at risk<\/strong><\/p>\n Further, a company suffers in its reputation with its employees when hiring and firing in short cycles to meet short term needs, unless those brought aboard are hired as temporary or seasonal workers.\u00a0 Every employee wants a stable work environment and does his or her best work in a culture of mutual trust as to continued service as a reward for good work.\u00a0 Constant interruptions in the chain of command, changes within the ranks and threats of impending layoffs together combine to form one of the greatest impediments to efficiency and a strong corporate culture.<\/p>\n","protected":false},"excerpt":{"rendered":" Well, you may not be alone. Many executives and managers have made the mistake of using the financial and sales forecast to plan and execute hiring of new employees – so that they could be trained and up to speed … Continue reading ![\"\"](\"https:\/\/berkonomics.com\/wp-content\/uploads\/2018\/05\/New-hire-2-300x199.jpg\")
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