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Business strategy
How to Determine the Number of Workers to Hire in Business
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[QUOTE="Abigael, post: 296386, member: 25357"] The biggest advantage that a business has in a community or country is that it provides employment opportunities. Though each company has to be really careful on the number of employees they will take in. Overstaffing can lead to the business struggling because it is not able to pay all the workers. On the other hand, understaffing will make the business to struggle in terms of productivity. So here, I have come with some suggestions for what a new business should consider when hiring employees. They include; [B]1. The amount of work to be done - [/B]this goes hand in hand with the size of the business. A big business needs to hire many employees because there is so much work to be done. While a small business can be ran by the owner alone, or with one helper or one person left to run the business while the owner does other things. [B]2. The number of hours the business will be open - [/B]this will affect the number of shifts a business will have to divide employees. Businesses that run 24/7 have two or three shifts per day, each with different employees. [B]3. Productivity of the business - [/B]this affects the amount of money a business is making. It should be enough to pay all employees. When productivity goes down, most businesses opt to reduce the number of workers because they are unable to pay them all. [/QUOTE]
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