Growing Your Small Business with Part Time Employees

02 Nov, 2017 / Comments: Comments Off on Growing Your Small Business with Part Time Employees / By

The thought of growing your small business is an exciting one but as a small business owner, your funds may be limited. You may not have the money to hire full time employees to staff your growing business. You may also be looking to avoid some of the costly benefits that are available to full time workers. Hiring part time employees is a great way to avoid these additional costs, giving you more money to grow. Unfortunately, retention of part time employees is often difficult and turnover is often quite high. How can you be expected to grow your business when you constantly have to hire and train new employees? Here are a few tips to help you grow your small business while only hiring part time workers.


Hire the Right Employees

One way to grow your business with only part time employees is to make sure that you hire the right people. Many business owners looking for part time workers focus on hiring students. Students can be a good option, but they (particularly college students) may not always be available when you need them. Some travel to school or back home during certain times of the year. Many have rigorous class schedules that change frequently. Students are not your only hiring pool as there are plenty of other people you can hire who want to work less than 30 hours a week. These people include mothers, retired individuals, and individuals who are already employed but want a change. You can advertise where these types of people are likely to see your listings. You can also make your business a place where part time employees want to work. In doing so, word of mouth through current employees can be very helpful.


Always Be Recruiting

Don’t just advertise positions when you have jobs that need to be filled. You don’t necessarily need to keep a sign in your window or an ad in the local paper. Keep resumes on file from anyone who asks if you are hiring. You can also use networking to find qualified individuals. This enables you to have an available pool of qualified people in the event that a position becomes vacant. You won’t have to worry about losing time (and money) scrambling to find someone.


Automate Everything You Can

You may have certain tasks that you take care of, rather than having a full time employee to manage them. While it may have been possible for you to handle those tasks in the beginning, your attention may be needed elsewhere now that you are growing. We live in a very technological world. Automating many of your processes can be a major benefit when you want to maintain a staff of only part time employees. Take the time to research different solutions that can help you to streamline, automate and generally just make many of your tasks and processes easier. This will help you to manage the growing workload without the need to hire full time staff.


Keeping Your Part Time Employees

The turnover rate for part time employees is unfortunately quite high. Hiring the right people is one thing, but it is also important to keep them there. Many people are willing (and even want) to take a part time position simply because they don’t want to work that many hours. Others may be looking to earn a little extra money or they are retired and just want to get out of the house. Even if they want part time work though, they may not stay if they don’t like where they are working or don’t feel useful. There are several ways in which you can go about retaining your employees. Make the workplace a fun place to be. Foster open communication and feedback. Listen to what they have to say and implement some of the suggestions they make. Help your employees to feel valued by giving them increasing responsibility. You can also help them to develop specific skills that they want to improve upon.

Maintaining a part time workforce provides a small business owner with many benefits, particularly the benefit of saving money. By hiring the right individuals and working to retain them, you can successfully grow your small business with a strong part time team.

William Mahnic
William Mahnic is a Finance Professor at Case Western University and has spent more than 20 years in the finance industry before becoming a professor. Mahnic has appeared as a commentator on both TV and radio talk shows including NPR, Crain's Cleveland Business, WKYC 3 and The Washington Post. He has been interviewed in BusinessWeek, Wall Street Journal and The Los Angeles Times.

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