Do you have entry-level positions that you struggle to keep filled?
Many small business owners find it difficult to fill entry-level positions. There is a lot competition for labor for unskilled positions and that can often leave small business owners feeling pressured to compete with wages paid by larger employers in their area. When you are maxing out on the wages you can afford to pay an entry-level employee and still remain profitable, it’s time to consider other perks.
Small businesses have a KEY advantage over corporate employers, but very few owners recognize it, much less leverage it. The advantage is this: a great employee in a small business has the opportunity to advance their career much more rapidly in a small business than they ever could in a larger corporation.
Many businesses advertise the “opportunity for advancement.” Yet, very few small business owners give much thought to what this really means. Even fewer have articulated a clear path of advancement from an entry-level position through the ranks of the company.
Keep in mind, the best employees are interested in advancing their career. You are at risk of losing your best employees when they are unclear as to how they can advance their careers with your small business.
The next time you are hiring an entry-level employee, here are some questions to consider:
Keep asking yourself this same set of questions for each promotion as an entry-level employee advances in your company. Once you have answered these questions, you are in the position to tell an applicant about tangible career opportunities with you.
Consider the difference between telling an applicant, “We start you at $10/hour and you have the opportunity to advance with us” versus telling an applicant, “We start you at $10/hour and if you work hard, over the course of the next 5-10 years, we’ll support you in moving up into a management-level position, with the opportunity to earn $80,000 or more annually.” The second scenario will be much more attractive to a career-minded applicant, making it much more likely you will attract and retain an A-Player employee for your entry-level position.
TIP: Make the first promotion easily achievable for an employee who is a real go-getter. This is psychologically motivating and will increase your odds of retaining that employee over time.
Dr. Sabrina Schleicher recognizes that employee problems can be one of the biggest stumbling blocks for any business owner. With her background in psychology, and years of coaching small business owners to extraordinary results, Dr. Schleicher knows what it takes to find, keep and get exceptional performance out of your biggest investment-your employees. Access her comprehensive video training 5 Secrets to Exceptional Employee Performance (her gift to you!) at www.tapthepotential.com
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