There’s no doubt current economic conditions have made it difficult for small business owners to expand their operations. However, a recent survey suggests an entirely different issue is responsible for creating obstacles to business growth.
Robert Half, a professional staffing firm, recently released a report identifying the many challenges small companies face in regard to recruiting quality job candidates. The agency surveyed 300 U.S. managers of companies with fewer than 100 employees. When asked about the biggest obstacles to hiring and managing staff, 60 percent of respondents said finding appropriately skilled job candidates was one of the most difficult aspects of the hiring process.
In fact, the task of finding skilled workers for open positions topped the entire list of hiring and management challenges, which also included employee morale and productivity management, as well as staff retention and other issues.
According to Small Business Trends, there are many steps managers can take to improve the recruitment process and find more qualified candidates. For example, businesses can work with expert staffing agencies that specialize in recruiting job seekers in appropriate industries. In difficult economic times, however, it can be hard to devote the time and resources to expanding hiring efforts. That’s why entrepreneurs may want to seek help from a small business lender. National Funding can assist managers in obtaining a working capital loan or merchant cash advance to finance new hiring strategies and ultimately start focusing more on growth.