Overcome Business Growing Pains

45 People Coffee Notes Tea

Most small to medium-sized businesses operate with growth in mind. Whether internal or external, growth often leads to a larger customer base, increased income, and greater stability, which all contribute to a company’s chance of success.

However, many companies find that planning for growth and experiencing growth present two very different sets of challenges.

Here are some tips any company can take to help ease growing pains as the business expands:

1. Add Structure:
Company growth means more work; make sure your business is structured accordingly. This may mean adding additional staff, creating new management roles, or changing how duties are assigned among departments. It is also imperative that you lay out defined, documented processes to ensure consistency as your staff grows.

2. Communicate:
Growth can lead to stress throughout an organization. Your team is less likely to become overwhelmed if there is an open channel of communication between employees and business leaders, allowing both parties to share ideas and offer feedback during periods of growth. Do not forget to monitor the effects on your clients, who can also feel the strain of business expansion.

3. Keep Mission in Mind:
When your business is growing, it’s easy to get caught up in day-to-day obstacles and triumphs and lose sight of your overarching purpose. Take time to reiterate your organization’s mission through company-wide meetings or activities, or on a small-group basis, and address how growth contributes to that mission.

4. Outsource:
Sometimes companies do not have the capacity to keep up with growth on their own. A strategic outsourcing partner such as Nextep can handle employee-related administration, allowing leaders to focus on the goals and direction of the business.

Growth can be an exciting and demanding experience for businesses of all sizes. Nextep is able to assist our clients during periods of growth in several areas, including hiring, customized policy and procedure creation, communication consultation, electronic file management, and more.

Please contact Nextep’s HR Department for guidance on managing growth within your own organization.

Also on Nextep

Get the low down on how to handle pay correctly. Should you pay your employees for working during lunch? Yes.  Easy answer! Right? Well, no. Though the simple answer is an emphatic yes, it’s a bit more nuanced.  The topic of lunch and compensable time can be tricky. There are many ways an employee could […]
Read more
An employee’s first day at a new job can set the tone for the working relationship going forward. In fact, according to research by Brandon Hall Group, organizations with a strong onboarding process can improve new hire retention by 82% and productivity by more than 70%. Though the employee may feel stressed or nervous, the […]
Read more
Your company policies and values are only as good as the leaders implementing them. Get your leadership team on board, make sure they’re living out your company values, and support them to ensure they get the help they need to lead well. “Half of workers who quit their jobs say they left because of their […]
Read more
…And what you should ask instead Say you’re recruiting top talent for your company and find a few excellent candidates. When it’s time for the job interview, you smile, shake hands (or wave hello over Zoom), and sit down for a productive conversation. Your first question is a softball to help warm them up: “Have […]
Read more
How often do you get the chance to expand beyond your current retention or recruiting strategies? It’s common for managers to get stuck in the daily work routine and overlook the growth opportunities their employees want. That neglect may mean a greater chance of talented employees leaving in the short run. Around 48% of employees […]
Read more
Could your employee handbook stand up to a lawsuit or EEOC claim? Here are six tricky areas that could mean trouble for your company. Landmine 1: A handbook that’s older than dirt When was the last time you reviewed your company’s employee handbook? If it’s been longer than a year, then it’s been too long.  […]
Read more
We all know the importance of regular physicals and check-ups, but when was the last time you checked in on your mental health? May is Mental Health Awareness month, serving as a good reminder of how crucial a healthy mind is in the overall map of our wellbeing. This list and infographic can get you […]
Read more
If you’ve made it to this blog on leadership training, chances are you’ve spent some time with us the last couple of months as we dove into turning The Great Resignation into The Great Retention.  So far, we’ve covered flexibility, DEI, employee growth, pay, employee engagement, and benefits. While each of these is important, when […]
Read more
It’s no surprise benefits are one of the top reasons for employees staying with a company or going elsewhere. The Society for Human Resource Management (SHRM) study shows that 36% of employees leave for better benefits. Employee retention can be daunting, but we’re here to break it down! Therefore, we’re talking today about benefits. We’ll look […]
Read more
Employee engagement is a crucial piece of the recruiting and retaining top talent puzzle. When it comes to employee engagement, few people in Nextep can speak more authoritatively on the subject than our very own Director of Happiness, Tracey Hixon. To help you get started, Tracey answers some questions about how to retain employees by […]
Read more
In our employee retention series, we’ve talked about flexibility, employee growth, and diversity, equity, and inclusion (DEI). Now, let’s look at another topic that has a massive impact on attracting and retaining top talent: pay! The Great Resignation and the impacts of an ongoing pandemic have long-lasting effects. As a result, employees are evaluating their […]
Read more
Now is the time for employers to carefully review any arbitration or employment agreements they have in place. On March 3, 2022, President Biden signed the Ending Forced Arbitration of Sexual Assault and Sexual Harassment Act (HR 4445).  In cases of sexual assault or harassment in the workplace, many employers ask employees to sign arbitration […]
Read more

Download Our App