The B.I.G. Blog

The Bureau of Labor Statistics states that the average time a worker will spend in a job today is 4.6 years. That’s it. Consider this alongside on-boarding costs – the Society for Human Resource Management estimates that the average American company spends about $4,000 and 42 days hiring an employee. These costs of course vary company to company and even hire to hire, but the process is expensive for everyone, especially smaller organizations. If we can reduce these costs, we should. Last week we mentioned how to develop employees using the Situational Leadership Model. We mentioned this insight, but did not expand on it. Employees are volunteers. If you’ve hired the right people, they have plenty of other options – they choose to come in and work for you every day. The point at which someone is thinking about other options is the point at which you’ve already lost. Even […]

Which is worse, losing money on a well-calculated investment or never making the investment in the first place? If you’re in business you ought to answer that the latter is worse, otherwise you should just buy annuities and called it a day! Last week we discussed hiring, and what is hiring but a calculated risk to grow your business. Just like any investment, the initial expenditure is only the beginning of the process.

Things are going well in your business (or on your team) and some of these questions begin flooding your head: Should I hire someone?  Where would I find them?  What would they do?  What skills do they need?  How do I find the right candidate?  Will they fit in? This key step in growth could be intimidating.  Here are a few steps to walk you through the process…