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GIBS HR for Corporate Innovation Breakfast on the 9th May 2016

In this competitive world, innovation is seen as a key competitive advantage for most businesses to stay ahead of the pack. Concurrently, most companies claim that their Human Capital is their most important asset. Why is it then that these two scenarios fail to interconnect?

This is an extremely prevalent question in today’s changing employment landscape. If HR fails to adapt and innovate, businesses fail to adapt and innovate and they will then ultimately fall short of their competitors.

Read more: Why are HR and Innovation still mutually exclusive in an interdependent employment landscape?

It is safe to say that most business owners want to grow their company by attracting the right talent. The dichotomy however is that a new business doesn’t generally have an abundance of cash to enable them to hire and attract the best talent. This dilemma invariably stunts the growth of their business, leaving them at a demoralising dead end.

So how do you grow your business and attract talent without the monetary resources to do so?

Read more: Grow and Attract Without Cashflow

As a business owner as well as a talent specialist, I’ve been asked this question countless times; “When do I know it’s time to hire staff?” I can answer this very simply by comparing your business to a wardrobe and your staff to your clothes. “When do you know it’s time to buy new clothes?” Is it because you need a new image? You need a new outfit for an important occasion? You are trying a new sport and need the required kit? Your current clothes are losing their quality as they’re being worn too often? You have far too many occasions to go to for the number of clothes you have? You are using the same pair of shoes for work, running and the beach?

From a business perspective I have put it into 6 simple signs that you can look out for to know that you’re ready to take the plunge and hire.

Read more: 6 Signs that You’re Ready to Hire

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