Wednesday, May 31, 2017

Managing the Hiring Process

Managing the Hiring Process

“Great things in business are never done by one person. They’re done by a team of people.”
~ Steve Jobs

As a business owner, looking for a new employee to fit seamlessly into your office culture can be a difficult task. Hiring the wrong person to fill a certain position can take a drastic toll on your company and your team’s morale by wasting time and resources. Understanding the impact of a bad hire can go a long way towards the overall growth of your business. 

One of the greatest costs of a poor hire is a lack of productivity while the overall impact may be to cause a team to become dissatisfied and lose interest in doing a good job. Poor performing employees are hard to spot when interviewing potential candidates and it’s important to communicate with current staff to provide feedback about the new hire. Training and retraining employees while utilizing existing staff takes time and energy that your business can’t always afford to dedicate.

While Human Resources has evolved into a science and can be an effective hiring tool, it’s often necessary to also utilize older methods of screening. Often a face to face meeting with the prospective new hire’s peers can help the hiring manager gain a new view of the possibility of a good fit.

Recruiting and training are all part of the cost of a growing business. However managing the hiring process can be a larger expense when not conducted properly. The financial costs of hiring someone inappropriate or without the proper previous experience can be devastating particularly to a small business.

Your business’s reputation can either make or break your business or organization. New hires may be able to add or detract from that reputation. Monitor your company’s brand image on all social media platforms to make sure new hires aren’t making errors that are costing you business.

Hiring new team members is a risk for all business owners. Understand the positive impact of having the right person in the right place and take your time hiring that person.  

Kelly D. Scott
Chairman/CEO
Vistage Florida

better leaders decisions results

Wednesday, May 24, 2017

“Ready” to Retire?

“Ready” to Retire?
“Life can only be understood backwards; but it must be lived forwards.”
~ Soren Kierkegaard

Knowing when and how to end your career and transition into the next chapter of life in retirement may seem like a simple goal to accomplish. The confidence needed to go from a life of work to a new leisurely life of golf, sailing or other hobbies or spending your days with friends and family should take time and patient planning.  Are you financially, socially and emotionally ready to change your life? Retirement can be anything you are ready for.   

The financial considerations are, of course, the most important factor for most people to consider. The typical, steady cash flow of traditional income changes to other forms of income and spending habits. Retirement is in some ways what your whole career has been planning for. Utilizing savings, investments and having a solid plan to help you live a comfortable life for hopefully at least the next 20 years should be the goal.  

One major objective that should be considered is paying off debts. Do you have any loans, credit lines, mortgages or any other long term debt connected to your finances that would be best paid off or best left alone?  At the best case, attempt to utilize your retirement funds for life costs instead of worrying about making large payments during your retirement years.
Healthcare is, of course, a serious consideration in this changing world. Other plans should include investigating long term care facilities and nursing home care in your area. Have a plan and of course be proactive in taking care of your health now more than ever.   

Retirement can be an exciting time for you and your family. It can open up many doors to a new life of exploring the world while enjoying much needed time rediscovering yourself with friends and family. Learn how to best evaluate your time, money and resources to live a long and healthy life.  

Kelly D. Scott
Chairman/CEO
Vistage Florida

better leaders decisions results