How your Small Business can Benefit from Hiring a Stakeholder, Not an Employee

When small business owners are looking for talent, they commonly look for an individual who has the experience and skills necessary for the job, but do they have the right mindset? A typical worker tends to do what they’re told, show up on time, do their respective work and leave when their “workday” is done. Although employees get their work done, they don’t go the extra mile.

According to Forbes, studies repeatedly show that a very large number of employees who aren’t at the management level or above within a company aren’t actively engaged with their everyday work. This leads to a decrease in productivity at an individual level and within a department, which ultimately negatively impacts a small business.

Instead, business owners  may want to consider looking for stakeholders, or individuals who are thoroughly devoted to their business. What’s the difference between an employee and a stakeholder? Well, think of it like this: An employee can be compared to a child, and the stakeholder is the adult, according to a recent Inc.com article. Children and employees alike obediently take orders from their superiors and complete what is asked of them without questioning why. Contrarily, stakeholders take the initiative, make decisions, ask questions and solve their own problems. They don’t need the guidance of another individual. Rather than simply showing up and getting their work done, a stakeholder is invested in the business’s success and wellbeing.

When we use the word stakeholder, we’re not talking about individuals who have invested thousands of dollars in your business or own a part of your establishment. Instead, we simply mean people who are engrossed with the success of your company and will put in effort to see it thrive. These types of stakeholders own their work. “They want to be able to go home at the end of the day knowing they made a difference, not just a product,” Chuck Blakeman of Inc.com commented.

Hiring stakeholders over employees can have a profound effect on a business. By having stakeholders work for your business, they will be able to make decisions, carry responsibility, take ownership for their mistakes and successes and think creatively, all of which add value to a small business. Similarly, because stakeholders tend to be thoroughly invested in the success of your business, their work ethic will help to increase the productivity of your entire organization, further impacting the bottom line.

To combat the issue of the disengaged employee, businesses should opt for hiring individuals who have a specific stake and dedication to the business. By doing this, you will not only create a more enthusiastic and devoted staff, but a more productive one as well.

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