Sharma's Solar Systems manufactures solar panels, and their business is growing. Last year, they hired 80 new employees, and this year they have hired 112 new employees. What is the percent of increase in the number of employees hired each year?

Last year, Sharma's Solar Systems hired 80 new employees, and this year they hired 112. To find the percent increase, subtract the old number from the new number: 112 - 80 = 32. Then, divide by the old number: 32 ÷ 80 = 0.4. Finally, convert it to a percentage by multiplying by 100, so there's a 40% increase in the number of employees hired this year compared to last year. This growth can be a sign of thriving business activities and expanded market demand. Increasing your workforce means there's a higher capacity to innovate, produce, and serve more customers. For companies experiencing growth, it’s crucial to ensure that the onboarding processes are efficient, and workplace culture remains strong to retain talent amid rapid expansion.