Who isn’t excited when their team grows! Your business is booming, and talented individuals are joining on a daily basis. While this may be a dream of every business owner, growth also brings a few changes with negative consequences attached. Especially if your team grows past twenty people. To avoid them, you must pay special attention to your company culture, business metrics, and efficiency.
Your core values are reflected in your company culture. It helps you find and retain the right talent. But, if you don’t take care of your company culture, your business faces impending doom. When you’re scaling and hiring more members, you always run the risk of your company values and beliefs getting diluted. This is especially true in the case of remote teams. Here’s what you can do to preserve your company culture in such circumstances.
Create a document that describes your organization’s values and beliefs. Mention what you stand for. Also, explain what employee behavior is expected and encouraged. Review the document and once you’ve completed the final draft, share it with your employees. Have a rule in place that makes it compulsory for new joiners to read the document during onboarding. You can also have it listed on your website and job postings. This will help attract the right candidates.
Prioritizing culture fit ensures that the organization’s culture remains the same even with new hires. Your employees will find it easy to collaborate and work with new employees as they share the same culture and values. This will help boost productivity at your place. So, how do you identify individuals that fit your company culture?
The right time for this is the interviewing process. Ask questions that will help you get a better understanding of the candidate’s attitude and values. Some questions you can ask include:
Team-building activities are necessary to get team members to know each other. It also allows them to develop meaningful relationships. Due to the pandemic, it has become impossible to hold such activities at the workplace. Thus, you should organize virtual activities. Some activities that you can organize include:
Virtual happy hour – Schedule a video call with your team every week and have a non-work conversation while enjoying a couple of drinks.
Gaming sessions – Do you have any gamers on your team? Find out which games they like to play and host regular gaming sessions to help your team emotionally relax after work.
Trivia quiz – Organize a quiz for all the trivia lovers and include a prize for the winner to make things more interesting.
The metrics you focus on change as your business grows. You’ll want to prioritize different metrics depending on the stage your company is in.
When your business is new, you are still finding a product-market fit. This is known as the production stage. In this stage, you need to focus on customer growth, retention, and activation.
You have found your product-market fit if your employees grow more than 25. This means you are either in the scaling or operations stage.
In this stage, the metrics you should focus on include:
Even at 25 employees, you might be at the operations stage depending upon your product and services and the nature of your business. You should focus on improving the efficiency and profitability of your business at this stage.
The metrics you should focus on include marketing and sales efficiency and infrastructure costs.
Operational inefficiency increases as your team grow. It can decrease your profits, frustrate team members, and even lead to business closure if it is not addressed. Operational inefficiencies can be found in the following areas:
You are likely to miss deadlines and have many employees under or over-utilized if you don’t have proper resource planning. This can lead to underutilized employees being fearful of being laid off. Similarly, the overworked employees will face burnout issues and will voluntarily leave for a better organization.
Effective resource and project scheduling are essential to make sure the projects move forward. It also ensures that your team meets deadlines consistently. Moreover, it reduces the stress on your employees. And we know that the happier the employees are, the better is their performance.
The biggest part of operational fails comes from your processes themselves. Are your team members confused about how to carry out the task? Do the tasks need frequent reworks because they weren’t done correctly in the first place?
You can prevent this by creating detailed process documentation. Here’s how to do it:
Have you experienced any changes while growing your remote team? Would you like to share any tips? Do let us know in the comments.
Let's examine the origins of this supply and demand imbalance before going further into how…
Here are a few ways to manage the change to remote work without much trouble…
You do not have to spend a lot to get your message out to a…
In this article we will give you an insight into Common Criteria Evaluation and the…
While Sharepoint is highly popular, you must still learn all of its ins and outs…
Promoting your doggy daycare is quite confusing with all the different strategies in these modern…