When it comes time to hire a manager for your small business, you may be faced with a dilemma.
Do you hire someone from within your company, or hire someone from outside the company? What are the pros and cons of each? How do you cultivate a great manager to oversee your business? These are typical questions that you’ll want to answer prior to taking applications.
Do You Promote From Within the Company, or From the Outside?
There is good and bad in either choice, but ultimately it will be up to you to decide which one is more beneficial to your company:
From within – The applicants are already workers in your company, therefore they know the business and have proven themselves to be assets. Anytime you promote from within it looks good to the other workers, and may inspire them. It also is cheaper to hire from within, as there is no relocation or advertising fees.
From outside – Perhaps you don’t have the right worker employed for the job, and need to go to outside candidates for the position. As such, you can interview highly-skilled managers. This also works well if your company needs a fresh look to the way it does business. Hiring someone from outside the company also keeps your employees from fighting amongst themselves for the job; however, they also won’t feel that there is room for growth in your company.
Your Managers Should Stay In Constant Learning
Managers should be up-to-date on your company’s latest technology and be working toward new and exciting ventures, instead of just overseeing the company’s same path.
By keeping their fingers on the pulse of the business, they can foresee important changes quicker and implement guidelines for upcoming solutions or problems. If your manager is lacking in a key area, say money management or payroll, offer up online classes to keep them up to speed.
Checklist for a Great Manager
Great managers usually show some of the same talents, including:
They motivate – Great managers will keep their workers motivated. While a paycheck is one of the most serious motivators for workers, so is recognition and titles. They should motivate with positive reinforcement.
They are ethical – Managers that work out well for the company and for the workers are those that are ethical. You don’t worry about a scandal or embezzlement, because these managers are not thinking about creating a problem.
They vacation – A good manager works hard and puts all he or she has into the company. A great manager will take time off work and distance themselves from the company once in a while to relieve stress and to increase productivity upon return.
When it comes time to hire a manager, know what you are looking for and where you need to find them.
If you choose to hire outside of the company, let your company employees know the reason why you chose this option.
Providing a good work environment for the employees left behind and for the new manager can help ease the transition.