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Global Resources helps put small and medium – size businesses on the path to success.  As we begin 2017, we know many business owners are looking to hire new employees.

Here are the important factors to consider before you select and hire your candidate:

• Review the feedback information from the employees who served on your interview team. It’s impossible for 10-12 people to sit at the table to make the final decision, but their input deserves attention and review. Before a recent job offer, three interview team members gave the hiring manager the feedback that one of the candidates appeared to have a 9 to 5 mindset.

•If you have been able to obtain feedback from former supervisors of the potential employee, you have a goldmine to review. Yes, people change, but not that much, and not that quickly. So, performance feedback, and especially the positive response to the question, would you rehire this employee, should be a powerful factor in your decision to make a job offer.

•The time you spend with each candidate is an opportunity to assess the candidate’s potential to fit within your culture. Does this mean that you select the candidate you like the best? Not if you want to make the best job offer. What you seek when you consider cultural fit is the candidate who will succeed in your workplace. For example, you don’t want to select an employee who prefers to work alone for a job whose holder will only succeed by influencing a larger team.

•You do need to assess whether you are confident that the potential employee, with appropriate training and mentoring, can do the job. In answering this question, you also need to assess your candidate’s relevant experience.

Global Resources is a practical resource for business sustainability and growth. Our immense education and experience allows us to assist you in reaching goals and growing your small to medium – size business.

For young people who are in the midst of planning for their careers, there are small business opportunities in both business and professional services that should be considered when deciding on a lifelong vocation:

Accounting, Tax Preparation, Bookkeeping and Payroll Services-No matter how the economy is doing, everyone needs accountants. Also, this industry tends to have low overhead and repeat clients.

Management of Companies and Enterprises- This industry is made up of small, privately-owned corporations of bank holding companies and other types of holding companies where both degrees in business and finance will provide the necessary foundation.

Real Estate Agents and Brokers - While the real-estate market is largely dependent on the health of the economy, real-estate brokers and agents have low operating costs and all you need to get started is an agent or brokerage license.

Automotive Equipment Rental and Leasing - With the on-demand economy on the rise, people may be leasing and renting more cars using on-demand services such as Zipcar -- along with more traditional rental services.  Currently, Ford Motor Company and Uber are working together on a fleet of driver-less Fusions to perfect the technology needed for driverless cars of the future. Some are predicting that the advent of driverless cars may be viable within 5-8 years.  This will change the auto landscape and create new opportunities for entrepreneurs.

Legal Services – Most people know that lawyers aren’t cheap. Law, like accounting, generally has low operating costs as well as repeat clients. However, this business category includes not only lawyers, but notaries, settlement officers (who deal in the transaction of securities) and title search agents in real estate.

Physicians and Dentists – Physicians and dentists benefit from recurring patients, and while startup costs can be expensive, these  profession have the advantage of handling several patients at a time, plus many pay through insurance plans.

Productivity is a huge factor for workplace growth. Between employee attrition and lost productivity, companies lose $350 billion every year. Facing that kind of loss, it’s no wonder companies both large and small look for ways to mitigate employee flight and increase worker efficiency.

The experts at Global Resources solve the intricate and unique challenges you are experiencing in the evolving marketplace.  While there are best practices that are applicable to all organizations, we understand that no two businesses are identical. We help small and medium-size businesses make changes based on big data. Data analysis reveals surprising insights about what does—and doesn’t—improve worker performance.

If you are a business owner or leader concerned about productivity, here is some data you may be interested in:

Worker Reliability: Employee attrition is costly; only 50 percent of hourly workers stay on the job for one year or longer.

Telecommuting Employees: Work-at-home employees stay at on the job 20 percent longer than employees with the shortest amount of time at a job. However, those work-at-home employees produce 1.6 percent less than their office-bound colleagues.

Rule Breakers: Do you prefer to hire employees who toe the line? The data says that employees who identify as rule-followers actually break the rules 67 percent more often than those who don’t make that claim.

Better Browsers: Workers who use Chrome or Firefox—instead of Internet Explorer—stay at their jobs longer, miss 15 percent fewer work days, and deliver higher customer satisfaction.

Social Employees Do It Better: Job performance is higher among employees who use three to four social networks compared to those who are less involved with social networks.