Most employers make the mistake of hiring people either when they suddenly feel the need and are not prepared for it or when they are prepared for it but don’t actually need the extra hands. Sometimes it is seen that in the case of the former situation, the employees hired may be suddenly hired without a proper insight into the capabilities of the hired person. In the case of the latter situation, the extra people may not actually be needed, but only an irrelevant and temporary need might have arisen and that might misguide employers into believing that the vacancies do really exist and hiring is essential. In both the conditions, the hiring seems superfluous. Such hiring can lead to spending more time in undoing and redoing the work that was messed up by the new recruit.
There are many ways to find out if the hiring process has been conducted at the right time and that the right people have been recruited. Some of them include:
- An Overview Of Your Financial Situation: This is important as you need to be assured of having the finances to pay the employees and that you are assured of a regular inflow of cash for the next few months during which you would need to pay the employees. An event in which such payments become difficult and delayed can lead to a loss of credibility and trust on the part of the employee for the employer. It can also affect the goodwill of the organization.
- Facilitating Training Programs: Is the environment conducive for the training when the new employees are hired? This is a very relevant question as any recruitment done, however experienced the person might be, should be provided with a learning period to become familiar with the environment. If as an employer, you do not have the time nor the staff it is best to defer the hiring process till the time when you are ready to train the new recruits yourself. And in the case of a new person in the managerial leave, it is best to allow a period of time to be accustomed to this new working environment.
- Recruit Only If You Must: Recruitment is a process in which people are hired to ensure smooth functioning of an organization. For this you need people at different levels and enabled with a variety of skills and expertise. But in case those skills and the expertise are not needed, it would lead to a dead investment as hiring people means investments and if there is no output or returns on the investment it would be a complete waste of money. So hiring should be done only if you must and if the organization really needs it. And to decide on the need, it is best to evaluate the workload that exists and also about that which you hope to get in the future.
By taking note of these factors and many others, it is possible to judge whether you are absolutely ready to hire an employee and this judgment is likely to make a huge difference to your profit and loss statements at the end of the financial year.