Expansion is a widely used strategy that every business wants, but few businesses can afford. Part of that strategy is to add more members to a work team in order to increase the company’s levels of productivity. During the startup months, expanding one’s team can be done by following these steps.
Start From the Top
Promoting from within is an old and proven technique that has worked for millennia. Workers who have worked for the company for decades are the first people to receive promotions. They don’t require any training and are less likely to make errors that could jeopardize the company’s success. They can also work as mentors to train new hires.
Hiring a small team of several highly qualified professionals to lead a company is more effective than hiring many less qualified workers who could slow down its operations. In business, every new addition has a cost that needs a valuable return on its investment. Although many businesspeople think that more is always good, the reality is that more qualified is always better.
When introducing new members to a team, it helps to hire like-minded individuals with equivalent skills and levels of work experience. This helps to preserve the company’s work culture and values from outsiders who will try to make unwanted changes. This hiring trend makes it easier to strengthen the company from within and prevent sabotage from the outside.
Compare the Benefits vs. the Risks
Expanding a work team starts with knowing the benefits of making this expansion compared to the risks. One benefit is increasing the diversity in a workplace; however, this move has positive effects for some businesses but not for all. An expansion includes a wide range of costs, from attaching more workers to the payroll to increasing salaries and renovating old offices. It may work for a large company but not for a smaller one that is in its first year of operations.
Every business dreams of increasing its size and success, which includes adding more employees to its lists. New employees may blend seamlessly into the background at very large companies, but in smaller workplaces, the transition comes with many challenges. Weighing the costs with the benefits is the first step for any startup team that considers expanding.