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Have you made the mistake of hiring too early?

Well, you can not be alone. Many executives and managers have made the mistake of using financial and business forecasts to plan and execute the hiring of new employees, so that they can be trained and informed when the demand come.

The balance between preparation and cost

Although early hiring adds to overhead costs by bringing employees on board before they become economic contributors, there is much to be said about the constant or improved quality of service by already having trained employees on the front line. need of them.

Maybe it all depends on how you want to deploy the money available during the good times. We will assume that you do not have the freedom to do it when the money is tight.

Hiring when growth is stable or unpredictable

So, there are times in any sector of the economy or industry where growth seems stable and there are few warning flags in front. In such cases, it is much less risky for a company to execute its spending plans in coordination with the expected revenues.

But the short-term future is far more often less predictable and early hiring decisions may be wrong, reducing flexibility and reducing reserve resources. It is during these more common times that you should consider employing temporary employees to meet the demand as needed, even if you are brought a little early for pre-training. And increasingly, there are overseas service providers who can contribute to production and service, grow and contract at will, with a certain amount of control and sometimes quality.

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Your reputation with your employees at risk

In addition, a company suffers from its reputation among its employees during hiring and short-term dismissal to meet short-term needs, unless those hired are hired as temporary workers or seasonal. Every employee wants a stable work environment and does his best in a culture of mutual trust in providing continuity of service as a reward for a good job. Constant interruptions in the chain of command, changes in ranks and threats of impending layoffs combine to form one of the biggest obstacles to efficiency and a strong corporate culture.