Nedbank Small Business Index: Recruiting via referrals for small business

2013-11-05 17:18

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Any manager will tell you that recruiting the right staff is one of their most challenging  tasks, more so for small business owners, who cannot afford to hire the wrong person.

Preliminary  results from surveys conducted by Nedbank to develop a robust Small Business Index TM reveal that while the majority of respondents have kept their staff complement constant, a growing number have increased their numbers from last year, citing “business growth” as the main reason.

How do you predominantly source staff for your business?

An overwhelming amount (40% of small business owners and decision makers surveyed) cited referrals as their preferred recruitment method, which supports an international small business trend that has led to employee referral programmes and incentives.

Not only is this a cost- and time-effective process, it can also be successful if referrals come from existing, strong employees. Good performers are bound to know like-minded people and will be able to give them realistic expectations of the role.

Along with making capital expenditure, increasing headcount is a significant way, small businesses are growing and contributing to the economy.

For more trends and insights, visit, or join the conversations on Twitter and Facebook using the hashtag #SASmallBusinessIndex.

For more information on how Nedbank Small Business can help you, click here.

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