Deanna Nesbit & Associates’ Post

Small businesses are often quite innovative and adaptable! They’re like the David to the Goliath of larger corporations, able to pivot quickly and implement creative solutions to challenges. Many iconic companies, such as Apple, in someone’s garage or basement, proving that with determination and ingenuity, big things can indeed come from small beginnings. HOW DO YOU KNOW THAT THE TIME IS RIGHT? If you’re finding yourself and your employees working non-stop to meet demand, it may be time to expand. However, take a look at some key metrics before you jump in whole hog. A really good month or two may not be indicative of a sustainable increase in demand. According to the US Chamber, look at the following: 1) Revenue and profit margin “Consistent, double-digit year-over-year revenue growth for several years could indicate demand exceeds your capacity. Likewise, increasing profit margins despite rising costs may suggest that your operations are at peak efficiency and are ready for expansion.” 2) Customer retention and acquisition “Declining customer acquisition costs relative to lifetime value might point to successful marketing strategies and scalability.” 3) Cash flow “Healthy cash flow, along with savings, provides the financial safety net you need for investment and growth.” 4) Overall market trends What is your competition like? Are there barriers to entry for new competition? Is there untapped customer base? 5) Capacity metrics Sometimes you’re limited capacity limits your ability to meet demand or having to deal within the given confines, it may burnout your employees. BONUS NOTE: If you have determined it’s time to expand, frequently it may be beneficial to utilize the assistance of contract workers. This can help minimize risk while and help your current team with the changes. Contracting out HR work or hiring can be immensely beneficial for organizations experiencing growth. As a company expands, its HR needs become more complex, requiring specialized expertise in recruitment, employee relations, compliance, and more. Outsourcing HR functions allows the organization to access a team of professionals with diverse skill sets without the overhead costs associated with hiring full-time employees. This flexibility enables the company to scale efficiently, focusing its resources on core business activities while leaving HR tasks to external specialists who can navigate legal complexities, streamline processes, and implement best practices. Overall, outsourcing HR work or hiring allows organizations to concentrate on their strategic objectives while leveraging external expertise to support their expanding workforce and operations. ----------- Deanna Nesbit & Associates provides executive-level recruiting and HR services. With over 30 years of experience in various industries, Deanna is skilled at matching top talent with top companies.

"Hiring and Retention Tips for Small Business Owners" . . . #Hiring and retention are top challenges for small business owners. Learn why employees are leaving and how your business can #recruit and retain candidates! https://ow.ly/v85b50QLQ51 #Recruiting #HR #HumanResources #ApplicantTracking #TalentManagement

Hey new #CEO, I know you’re busy and I know you have a lot on your plate. You’ve got investors prioritising growth, a product or service to fit a market and a bootstrapped budget to keep the machine lean. Hiring expertise around you to scale, whilst you wear a variety of hats, requires careful consideration. Ah, the HR resource decision? You convince yourself you need more revenue in and as a new business leader, you’ll risk the wait and manage it (people of course!!) on the side of your desk. Then comes the tsunami - difficult hiring, conflict resolution, collective needs of the growing team, upskilling demands and you haven’t even considered the intentional systemic people strategies that will define your unique culture here! Need that resource now but the budget suggests that you can only afford an inexperienced HR resource to manage the chaos but can’t afford the one that will allow you to also be intentional in the way your organisation works and scales. Just stop there! You have choices. Firstly, don’t just do that thing (slavishly follow the old template of hiring the mid-range permanent HR resource). Instead, more & more enlightened SMEs are considering the value of hiring a #fractionalhr resource instead. Why? Glad you asked. Here’s 6 reasons to begin with: 💷 Cost Management: Fractional HR provides a cost-effective solution. You get top-tier HR expertise without the expense of a full-time resource and the associated salary, bonus, benefits, and company overheads. Hire part-time and on-demand, retained and always in a way that fits both your budget and context. 🧠 Access to Specialized Expertise: #FractionalHR offers CEOs access to specialized, experienced HR with enough expertise in all people areas. 🤸♂️ Flexibility and Scalability: You can adjust the level of support based on organisational demand, whether it's rapid growth, restructuring, or specific HR projects. This scalability aligns resources with the company's requirements, maximizing efficiency and effectiveness. And anyway, your 40-hour week resource is harking after a 4-day week! 🕛 Timesaving: #CEOs have numerous hats to wear. Fractionals save valuable time by taking care of HR tasks, allowing them to focus on strategic initiatives and core business operations. 📓 Compliance and Risk Management: Employment law is continually evolving, making compliance a complex and time-consuming task. Fractionals stay up to date with legal requirements, ensuring that organisations remain compliant. 🤫 Objectivity and Confidentiality: Fractionals bring an unbiased perspective to all HR matters. Objectively assessing organisational challenges, provide feedback, and implement strategies for constant improvement. Additionally, they maintain confidentiality, allowing employees to voice concerns or seek guidance without fear of reprisal. What you waiting for? Want to hear more? Drop me a DM and let's talk. #ceoinsights #culture #sme #startupgrowth #fractionalhr

After some very careful consideration, we have decided to rebrand. I am proud to present to you, Five Pillars Recruitment. We felt we wanted a brand that represented our five core values: Honesty Integrity Transparency Efficiency Unification All five core values are the very reason my career within recruitment brought me success and long-standing invaluable relationships with both my candidates and clients and as the brand develops, I'd like these core values to be the foundation of the business. When I started this business, its no secret that I was not in the best place (I was actually sat on a hospital bed, crying my eyes out as I'd lost a transplant and was fighting for my life). I was so worried that I'd have to battle not only with my health but financially too, for the first time in my adult life. But with the powers that be, I managed to set up the business and have a relatively successful first year. As I've slowly started to get stronger and now have the motivation and strength to actually devote more time into my business, I wanted a fresh start and what better way to do that than to rebrand the business and start again. The number five also has a very strong personal spiritual meaning to me and I wanted to incorporate that into our new brand. My services will remain the same, focused on Finance and HR appointments both on a permanent and interim capacity. I have always worked with all five core values, honesty, integrity, transparency, efficiency and unification and that will never change. Five Pillars Recruitment A specialist Finance and HR Recruitment Consultancy specialising in senior interim and permanent opportunities. Covering geographical areas of London, Surrey and Berkshire. Specialisms include: Finance Transformations Change Management M&A Finance Systems Specialists Finance Programme and Project Managers FP&A Financial Control and Reporting Commercial Finance/Finance Business Partners Newly Qualified ACA/ACCA/CIMA/CPA HR Business Partner HRIS specialists HR Project Management HR/Talent Acquisition HR Global Process Owners CIPD Qualified sonia.gill@fivepillarsrecruitment.com https://lnkd.in/dq26yqCE

Advances in technology may be offering exciting new business opportunities. Or, perhaps, your company needs to temporarily explore staff augmentation to meet a pressing deadline. #NearshoreOutsourcing #NearshoreSoftwareDevelopment #NearshoreStaffAugmentation #NearshoringSoftwareDevelopers

Advances in technology may be offering exciting new business opportunities. Or, perhaps, your company needs to temporarily explore staff augmentation to meet a pressing deadline. #NearshoreOutsourcing #NearshoreSoftwareDevelopment #NearshoreStaffAugmentation #NearshoringSoftwareDevelopers

Small business can attract high-quality talent with these three key practices. According to AllBusiness, small businesses can gain competitive advantage by (1) improving the application process by responding to applicants and confirming their application was received, (2) offering flexible work options, and (3) emphasizing their local roots. Read more here: https://buff.ly/3EjaLa8 #smallbusiness #hiring #recruiting

Is HR drowning your small business? Many entrepreneurs find themselves bogged down in paperwork, compliance, and employee relations, leaving little time for the core of their business. Sound familiar? It's time to consider outsourcing HR. By partnering with HR experts, you can: - Focus on growth: Free up your time to pursue new opportunities and expand your business. - Tap into expertise: Benefit from professional HR knowledge and best practices. - Reduce costs: Outsource non-core functions to save money. - Manage risk: Protect your business from costly HR mistakes. Outsourcing HR isn't just a cost-saving measure; it's a strategic decision that can propel your small business to new heights. Want to learn more? Check out our blog post for in-depth insights and practical tips: https://lnkd.in/g3q__zuZ #outsourcing #HR #smallbusiness #entrepreneurship #businessgrowth #HRoutsourcing #OutsourcingHR #HRmanagement #HRsupport #HRsolution #HRservices

Staff Augmentation Services: Flexible Talent Solutions for Business Growth Organizations are continuously searching for methods to maintain their competitiveness and spur growth in the fast-paced commercial environment of today. Staff augmentation services are a highly efficacious approach to accomplish this goal. Employers don’t have to commit to a long-term workforce by recruiting full-time staff members since this flexible talent solution enables them to grow their workforce in accordance with project demands and guarantee the correct capabilities at the right moment. Companies may access a large pool of highly qualified individuals through staff augmentation services, and these people can easily become part of their current teams. By using this strategy, firms may stay flexible and adaptable to changes in the market in addition to increasing operational efficiency. We will examine the many facets of staff augmentation services, their advantages, and how they might revolutionize the way organizations want to develop and prosper in a cutthroat market in this extensive piece... Learn more here: https://lnkd.in/dGyVz9FN

If you are considering a move into the #HR interim world check out our latest article for career advice for #HRprofessionals on how to prepare and become a #HRinterim or #HRconsultant https://lnkd.in/dwfySxV