25 Warning Signs That Your Company Is In Trouble
Is your employer destined for failure? Has your business lost its mojo? Do you feel like your company is in trouble? If you notice any of the following warning signs, it might be time to take action.
The business world is competitive and cutthroat. Throughout history, businesses have come and gone. Very few brands and companies have been around for multiple generations. Even if you feel like your company is rock solid, it might not be over the long haul. To stay competitive in a constantly evolving world, businesses need to focus on innovation, quality, and growth.
As an HR pro, you are in a unique position to help your company be successful. By hiring and promoting the right people, you have the ability to infuse your company with top talent. You’re also in a prime position to be one of the 1st people to notice the warning signs of a company that might not make it.
When any company is in trouble, they tend to show consistent signs regardless of the niche. If you feel like things are not quite right at work, you might notice these things:
- Hiring Freeze
- Increased Firing
- Fewer Raises Handed Out
- Bills/Paychecks Aren’t Paid On Time
- Nothing New Is Happening
- Bad Word Of Mouth
- Poor Employer Brand Reputation
- Wrong People Are Promoted
- Lack Of Training
- Employee Morale Plummets
- Too Many Bad Hires
- Excessive Rumors & Gossip
- Clients Disappearing
- Company Hierarchy Is Reorganized
- Unhappy Employees
- Good Employees Are Quitting
- Perks and Benefits Change
- Communication Stops
- Everyone Is Stressed
- Company Undergoes A Rebrand
- Toxic Employees Causing Problems
- No Long Term Goals Or Plans
- Employees Are Bored
- Bad Press
- Employee Turnover Skyrockets
It’s always easy to see signs like these in retrospect, but try to identify these things sooner than later so you’re not caught off guard. Many of these things, but not all, will be noticed by HR before they are noticed by upper management. So pay attention so that you know what’s going on.
Hopefully, as a recruiter and hiring manager you can help to set your company up for long term success. Always strive to hire the best person for the job and for the company. When people are willing to take calculated risks and push the boundaries of what is possible, it will ultimately help your business achieve great things.
Don’t let your company take a nosedive. Your job depends on it.