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Getting Past Staff Growing Pains

Submitted by Marijuana News on Thu, 10/23/2014 - 10:18

For many companies, the core of their culture is bound up with their size. A small startup tries to maintain its closeknit vibe and ability to move very quickly as it grows, while larger firms take pride in their presence, process and strength in a given field.

Despite nostalgia for what once was, many companies strive for growth and expansion yet face challenges in handling current operations as they grow. Whether they aim to reach the 10- or 50-employee mark, businesses can rely on basic planning, tracking and forecasting principles to manage an expansion to realize success and minimize growing pains.

 

Plan.

How well a company manages an expansion correlates with the initial planning efforts for adding employees, even when the growth seems to unfold organically.

First companies need to determine whether making a hire is sustainable. According to MIT’s Sloan School of Management, an employee can cost a company 1.25 to 1.40 times his...

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URL: 
http://www.entrepreneur.com/article/238651

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