There are two easy ways to improve workforce productivity: increase working hours by hiring new employees which increases production, or increase current workforce productivity. Both ways improve productivity, but which one is more efficient?
Recruiting new employees is typical for companies that grow and expand. Fresher employers can also provide previously unknown new ideas and perspectives.
However, at some point companies need to think about better capitalizing on the experience level of their current workforce. What is often discovered when evaluating staff experience is that progress remained stagnant because proper procedures were never established that address employee motivation.
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There are other reasons that serve as reminders to the problems of hiring new employees. Despite the positive vibes of employee recruitment, here are the top issues and concerns of hiring new staff:
- Finding the right candidate:
Finding the right candidates can be a big challenge. You need a passionate, skilled, focused employee, but these people aren’t always easy to find.
- Huge time investment
Valuable working hours must be attributed to recruiting new employees. The choice is either to contact a recruiting agency or have an internal HR team take care of it. Either way there is still a need to expense many hours for preparing and training new employees.
- Misjudged risk factor
There is a huge risk of making a bad decision and hiring the wrong person. Despite the best efforts to hire a new employee, it can go all wrong if the candidate doesn’t pan out. For example, an employee may suddenly divulge a health problem after being hired that limits their productivity.
- Money waste
A lot of money can be lost in the recruitment process. Advertising costs, recruiter fees, and potential separation costs for the departing employee could add up to be a lot.
- Extra work load
Hiring new employees is a lot of work. Writing job descriptions, posting, reading resumes, making follow up calls, interviews (often multiple rounds), candidate review meetings, and when the offer is accepted actually getting the person through the HR process.
If thinking about the recruitment process is exhaustive, there are options to help reduce time and resources spent. Consider efforts to increase employee productivity in the workplace. It may provide relief from the recruitment process and save valuable resources that can otherwise be allocated to more productive initiatives.
Here are the top benefits of increasing employee productivity:
- Building trust: When employees know they are trusted they will want to prove themselves as a loyal employee. It also helps to increase concentration on work without thinking about a career switch.
- Cost Savings: A productive workforce has a massive impact on company costs. You don’t have to take the burden of extra costs by recruiting new employees. Moreover, productive employees will accelerate task completion times ultimately reduce extra costs.
- Dream Big: You can dream big when you have a talented and motivated team who are ready to give the extra effort to achieve goals.
- Target Focus: A productive employee will remain focused on the big target and achieve it. This focus on work could bring huge benefits at the end of the day.
- Increased Ability: Increasing employee productivity also increases an employee’s ability. They will start completing more projects on time.
Biometric in Workforce Management
Biometric technology for employee time and attendance is growing fast as a workforce management solution in many different industries because of its positive impact to increase employee productivity. A new biometric time and attendance system will help you to better monitor your employees and keep accurate records that reflect time spent on the job. Biometric workforce management systems are already in use in various industries and everyone acknowledges that it has been a contributing factor to increasing employee productivity.
The question is whether relying on the recruitment process or targeting an increase in employee productivity is a better strategy. To run a business you need to frequently hire employees which is inevitable. However, because it is a costly and lengthy process you can suppress this strategy by increasing employee productivity which will provide you the best workforce in the business.