Both insects and companies have life cycles. The difference is that you can read about the life cycle of insects in a textbook and know pretty much what is going to happen when. With businesses, the different stages of growth are harder to predict and often catch companies by surprise.
A few examples . . .
An electronics retailer with two locations was managing hiring simply by letting store managers recruit new employees. When the company added a third location, the hiring process started to wobble a bit. (“I should have sensed that problems were coming because it was suddenly harder to keep our locations staffed with effective salespeople,” the company owner said.) And then when the company expanded to its fourth and fifth locations and needed to staff up, hiring was unmanageable. The company suddenly needed a comprehensive approach to hiring.
Why did this happen? Because the store had moved to a new phase in its hiring lifecycle without realizing it was going to happen.
A small chain of tire stores decided to start to add an expanded range of automotive services like oil changes and emissions testing. (“We had a chance to double our revenue without expanding or adding new locations,” the owner explains.) The problem was that the current employees did not have the experience to perform the new services, so the company had to suddenly find a new way to hire specialists, then add them to the payroll while controlling expenses at the same time. Complicated!
Why did this happen? Because this business too had moved into a new phase in its hiring lifecycle – one driven by technology – without realizing it was going to happen.
Just Two Examples
Those are only two examples of how companies can suddenly enter a new phase of hiring and be unprepared. Yet there are ways to predict when one of those seismic changes is about to happen.
No one of the following changes means that a new phase in your hiring is about to occur. But if a number of them are happening at the same time, it can only help you to think ahead and plan.
- A new technology is becoming dominant in your business sector, requiring employees with new skills
- A large percentage of your employees will need to be replaced because they are nearing retirement age, lack the skills you will need them to do, or for other reasons
- Companies in your sector are suddenly either staffing up or scaling down, due to foreign competition, increasing costs of doing business or other factors
- A dominant new company has moved into your area or industry, and to stay competitive, your workforce will have to change
- You are going to change the way you market, perhaps by placing more emphasis by selling online
- You will soon be outsourcing more of your operations, which will affect the size and makeup of your labor force
- The availability of suitable employees is about to change dramatically due to immigration patterns, laws, trends in higher education or other factors
The Bottom Line Is, Anticipate where You Are in Your Lifecycle
Smart companies think ahead. When it comes to hiring, that means that the time to start learning about and using an ATS (applicant tracking system) is almost certainly sooner, not later.
Think ahead, stay ahead. To learn more about Comeet’s Hiring Solution and ATS – Sign up for a demo today.
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