If you were in business in 2008/9 it is likely that you downsized your business. In fact I’ll bet that if you didn’t shrink during that time you are now out of business. Survival meant resizing, right sizing, downsizing. The result was that we all contracted our businesses and started to wear more hats with fewer people, make due with less, and hoard cash like slot machines.
For many of us this was a very effective process. You saved your businesses, and you also become fearful of investing any money to grow your business. But you need to invest in sales efforts, product delivery, new marketing strategies and new hires to help solve the inevitable side effect of downsizing – OVERWHELM.
What I began noticing, and I am speaking of myself too, was a prevaling fear of hiring.
“ It is too expensive.”
“ It is too time consuming.”
“ My employees have sucked the life out of me.”
“ That hasn’t gone so well for me in the past.”
This fear of hiring is well founded.
It is expensive. Employees are your biggest line item expense. And firing is more costly than firing. The latest stats on firing are that it will cost you anywhere between 70% to 250% of annual salary to turn over an employee.
It is time consuming. If you look at the methodology of hiring, tremendous amounts of time are wasted sizing up resumes and having interviews with people you are wrong for the position.
For many entrepreneurs it hasn’t turned out well. Employees suck up your time, underwhelm you, aren’t the people you interviewed, don’t have the skills you thought they had, have an “attitude,” are drama queens, or worse yet are down right problems.
Now that you’ve read this far are you willing to stand up with me and say, “ I’m Ruth…. And I have a fear of hiring….”
This recession forced you to change and modify everything you were doing in your business. It is critical you solve the new economy problem, with a new economy method. That is why I’ve developed The Fail Proof Hiring System. Come learn about it and get your free ebook: Hire Your Dream Employees: The Four Secrets to Hiring Well.
Let’s put your fear of hiring to rest.