Hiring Employees

Transcript

Andy and Jessica welcome you to another episode of The Deal Board, and today they are discussing a very important topic for small businesses, which is the difficult task of hiring employees. If you are wondering how you can find, hire and retain the right people, and how you can protect yourself as an employer in this ever-changing employment environment, this episode is just what you need.

Experts from sourcing and recruiting are joining Andy and Jessica today to share valuable information that you can put into action right away to ease your journey into hiring employees.

Listing of the week: Al Fialkovich (Colorado) is selling a concrete business that is making over $2 million in earnings per year. Price: $5.9 million (real estate can be included). Call Al at (720) 357-6853 or email [email protected].

Key Takeaways

[5:43] Dave Bacon (BWBacon Group) talks about his career journey.

[7:23] Remote hiring has absolutely changed the game!

[8:50] Most people want remote jobs and nowadays they can demand them.

[10:35] There are more jobs than there are people looking for work.

[11:34] Dave talks about the matter of salaries.

[13:13] Does a four-day workweek suit your personal needs?

[15:41] Dave speaks about creative techniques to attract better talent.

[20:20] Sign-up bonuses can be a great motivation.

[22:04] Recruiting can be hard but it is incredibly rewarding.

[24:22] Dave explains why BWBacon is one of the best places to work in Colorado.

[25:58] How to manage candidates in the new concept of “pipeline management”?

[26:30] Can your interview process change to become more efficient?

[29:40] How are the candidates during the hiring process? Ask them for feedback.

[30:46] Dave shares his words of wisdom about the mindset that employees should have right now: Resilience is the way to get through this.

[34:55] Deal of the week: Sasha Borcic (Colorado) sold a high-end mental health outpatient practice located in Denver that started in 2012 and provides services for teens and adults. The buyers were interested in the full-time employees of the business. 100% SBA financed. Purchase Price: $350,000 (3.15 multiple).

[37:44] Royal F. Oakes (Hinshaw and Culbertson)

[38:59] Royal F. Oakes talks about today’s challenges, especially the fear of getting sued when firing an employee.

[41:22] The cost of litigation can be devastating for a company.

[42:30] Insurance can be a great coverage and way to protect your best interest in case of getting sued for an employment-related matter.

[43:58] Seek a lawyer who specializes in the matter you are struggling with.

[46:53] Royal F. Oakes talks about the matter of vaccination of employees.

[48:30] Royal F. Oakes speaks about the classification of workers and the issue of “independent contractors.”

[53:13] Make sure your procedures are rigorously followed and comply with the current law.

[53:53] Royal F. Oakes shares on the controversial topic of raising the minimum wage.

[56:15] Royal F. Oakes gives his advice for small business owners to stay out of travel.

[59:26] Listing of the week: Al Fialkovich (Colorado) is selling a concrete business that is making over $2 million in earnings per year. Price: $5.9 million (real estate can be included).

Show Notes

Call Al Fialkovich at (720)357-6853 or email [email protected]

Email Sasha Borcic at [email protected] or call (720)780-8665

Mentioned in This Episode

• The Deal Board Podcast
• Subscribe to The Deal Board Podcast YouTube Channel
• United Franchise Group
• Transworld Business Advisors
• The Deal Board on LinkedIn
• The Deal Board on Facebook
• BWBacon
• Dave Bacon on LinkedIn
• Listen to Royal F. Oakes' podcast: Too Many Lawyers
• Royal F. Oakes on Twitter