Understaffing Your Business Leaves You Vulnerable

Why you need to hire more employees.employee working late into the night

As a small business owner, you want to save money wherever possible.  One area where you can’t afford to cut costs is hiring and staffing.  This is because understaffing your business leaves you exposed to some very serious risks.  For instance, here are some of the dangers understaffed businesses face.

  • Increased Risk of Injuries and Illness

When you do not have enough manpower, your employees are forced to take on more work than they can safely handle.  Oftentimes, this results in employees rushing around and overexerting themselves physically.  When your staff cuts corners, they are more likely to make mistakes that can result in serious injuries.  Additionally, when they overstrain themselves, they are also making themselves vulnerable to illness as well.

  • More Missed Deadlines

If your business is understaffed, then you may lack the manpower to meet every project deadline.  Even if your staff is doing their best, it’s just not reasonable to expect a skeleton crew to do everything that a staff of 50 can accomplish.  When you miss deadlines, you not only tarnish your business’s reputation, but you also put more stress on your employees’ shoulders.

  • Increased Turnover

A natural result of a stressful, hostile work environment is high levels of employee turnover.  When your employees are quick to quit, this negatively affects your company in several ways.  For starters, you waste time and money training a new crop of employees that will probably end up leaving you in the lurch.  Your business will also make a bad name for itself as a terrible place to work.  This will prevent candidates from applying and could even stop customers from supporting you.  In this way, understaffing your business creates a vicious cycle that will only end up hurting you.

These are some of the serious risks associated with understaffing your small business.  Want to protect your business from all the risks that it faces?  Then make sure you have the right commercial coverage in place.  For assistance with all your business insurance needs, contact the experts at ISU-Wissink Insurance in Culver City, California, today.