Growth Strategies

The Cold, Hard Facts About Small Business Hiring (Infographic)

1 min read
Opinions expressed by Entrepreneur contributors are their own.

No matter how much technology and the ways we do business change, one thing that remains constant is that hiring is the key to growth. When you add employees, you give your business the potential to expand the services it offers as well as improve its efficiency.

Take a look at the infographic below from accounting software company Intuit for clues on when it's the right time to hire, as well as a formula for exactly how much money a vacant position is costing you.

Click to Enlarge+
The Cold, Hard Facts About Small Business Hiring (Infographic)

More from Entrepreneur

Are paying too much for business insurance? Do you have critical gaps in your coverage? Trust Entrepreneur to help you find out.
Get Your Quote Now

One-on-one online sessions with our experts can help you start a business, grow your business, build your brand, fundraise and more.
Book Your Session

Whether you are launching or growing a business, we have all the business tools you need to take your business to the next level, in one place.
Enroll Now

Latest on Entrepreneur

My Queue

There are no Videos in your queue.

Click on the Add to next to any video to save to your queue.

There are no Articles in your queue.

Click on the Add to next to any article to save to your queue.

There are no Podcasts in your queue.

Click on the Add to next to any podcast episode to save to your queue.

You're not following any authors.

Click the Follow button on any author page to keep up with the latest content from your favorite authors.

Women Entrepreneurs: Here's How to Meet Your Growth Goals This Year