Human resources are perhaps the most valuable assets to a business as they form the foundation. But most organizations fail to recognize their value and focus more on aspects like sales, marketing, and other operations. However, you will probably understand how much the right people matter when it comes to scaling operations for corporate growth. Employees push a business on the growth route by working harder, implementing new ideas, and making intelligent decisions.
Fortunately, most organizations have seasoned HR managers to drive people management in the right direction. But growth depends on their ability to engage the workforce and ensure their satisfaction, loyalty, and retention for the long haul. These are the unspoken secrets to scaling your business successfully, but managers must make conscious efforts to understand and implement them. Let us share some foolproof HR strategies every growing business must embrace sooner than later.
Promote your company culture
When a business is new, it does not have a company culture to promote. So there is hardly anything to showcase for enticing top talent. Employees tend to join startups on a whim and take their time to decide whether they wish to stay or leave. But things are different when you recruit as a part of your scaling drive. Consider leveraging your organizational culture to define your values, practices, and vision for the potential hires. Promote these elements on your website and job posts. You can even ask your existing employees to spread the word by sharing their feedback on social media. But remember to build a positive culture in the first place as it is the only way to retain the existing team members for the long haul and win their favors for your company.
Hire the right people
A great team is the mainstay of organizational success, so hiring the right people gives you a head start. But HR managers need to go the extra mile to pick the best talent when the company is in a scalability mode. Skills and experience matter, but finding cultural fits is even more crucial at this stage. You must prioritize this factor to ensure that recruits blend seamlessly into the existing team. Such resources are likely to make positive contributions instead of creating friction in the team. You must develop an effective system to identify the best candidates. Also, implement a review process to assess their performance down the line.
Manage recruitment costs
While picking the apt employees is the key to scaling successfully, you must manage recruitment costs as a part of your HR strategy. Moving ahead without an optimal recruitment budget can do more harm than good. Organizations must handle their funds wisely during the growth stage. Failing to do so can stall your initiative and lead to a setback for the company. HR managers should be money-savvy enough to minimize the time and cost of hiring. Find the problem areas in your hiring process and improve them to achieve more with less. For example, consider investing in a resume parsing solution to save time and pick the best candidates for the next stages of hiring.
Invest in new talent
Investing in new talent is another HR strategy to take your organization on the growth route. Start with a robust onboarding process to make recruits comfortable in the new settings. A proper process enables them to get a clear view of expectations and understand the company’s workflow. Training is an invaluable part of the onboarding process as it empowers people to give their best on the productivity, performance, and efficiency fronts. You can implement measures like providing valuable information to new hires, assigning mentors and work buddies, and ensuring they are comfortable with workplace tools and apps.
Implement a growth planning roadmap
Growth planning is crucial when it comes to hiring new staff. Picking people randomly without understanding the organizational needs and roles is a bad idea. HR managers should take the onus to chart a roadmap for different stages of the growth initiative. Besides hiring decisions, it should also cover aspects such as training people to fit into their roles and expanding into new markets. Also, identify the possible challenges you may encounter and devise solutions to address them at the earliest. Whatever the strategy you choose, the ability to stick to your plan is critical to success.
Minimize employee turnover
HR managers often focus more on hiring and training new employees and pay less attention to the existing team. But it is not the apt approach when embarking on the growth route. After all, employee turnover is the last thing you want to face at this stage. Finding, recruiting, and training new employees to replace the existing ones can be painful. Moreover, losing people already doing well for your organization can hurt your growth plans. You may never find a replacement good enough to fit the role. Even if you find qualified resources, it may take years to train them to reach the same level of professional maturity.
Diversify your team
A growth initiative for your business is a great time to diversify your team with people from a variety of backgrounds. You can capitalize on the opportunity to bring in people with different perspectives and experience levels. Likewise, you can hire more female employees for your growing team. A diverse team offers fresh ideas and innovative ways to do things that drive business growth in the long run. Moreover, it is a game-changing factor for the company culture. You have a better chance to attract and retain top talent as diversity and inclusion strengthen your employer’s brand.
The right HR strategies can lead your business on the growth route effortlessly, regardless of the size and scale of your organization. But nailing them takes hard work and creativity because you must have the best plans to attract fresh talent and retain the existing team members. While there is no magic pill to achieve both goals, you can follow these tactics to maximize the results for scaling your team and operations.
About the Author
Lizzie is a professional content writer and has been working with Outreach monks for the past three years. Lizzie loves to share her knowledge of the tech and business sector in a unique way that makes reading enjoyable for her readers. Other than typing, she loves playing the piano.