“People are your greatest asset.” Labor force is one common denominator in any business, and may be your largest expense. Hiring employees can be one of the most challenging aspects of running a business, but maintaining good employees is even harder. So how do you avoid the excessive cost of employee turnover, or a bad hire?

Customer’s case: “I know we need to hire more people to continue to grow; I just don’t know who or to what department.”

When we first started discovery with this customer it quickly became apparent that it was not a case of needing to hire more people. Instead, it was a case where reorganization was needed. We were able to save the customer time and money by helping them identify how to leverage the team that was already in place, who knew the company and was eager to work together, all with some moderate changes.

Research shows that “companies that view employees as valuable assets, and not cost centers, outperform companies that do not. When you know what to look for, there are clear signals that prove that a company is serious about investing in its people.”*

Do you find yourself in a similar situation? See below a few ways to assess the people in your business system.

We can help

Contact a team member to learn more about Business Consulting Services. Check out other articles in the series:

The information provided in this communication is of a general nature and should not be considered professional advice. You should not act upon the information provided without obtaining specific professional advice. The information above is subject to change.


*https://www.insperity.com/blog/people-are-your-greatest-asset/