Internal Hiring vs External Hiring – What’s Better? Ft. Fit Small Business

Internal Hiring vs External Hiring – What’s Better? Ft. Fit Small Business

Internal Hiring vs External Hiring Podcast Ft. Fit Small Business

Summary

This episode’s conversation explores the topic of internal versus external hiring in small businesses. Experts from Jumpstart HR and the Fit Small Business team discuss the key differences between the two methods, including the impact on cost, time efficiency, employee morale, retention rates, and diversity of skill sets. They also provide a five-step framework to determine whether to fill a role with an internal hire or an external hire, which includes assessing current skills and gaps, identifying growth and development opportunities, conducting a cost benefit analysis, considering cultural fit and adaptability, and evaluating long-term impact and strategic alignment.

Takeaways

-Internal and external recruitment methods have different impacts on cost, time efficiency, employee morale, retention rates, and diversity of skill sets. -A five-step framework can help small businesses determine whether to fill a role with an internal hire or an external hire: assess current skills and gaps, identify growth and development opportunities, conduct a cost benefit analysis, consider cultural fit and adaptability, and evaluate long-term impact and strategic alignment. -Communication, performance reviews, and feedback are important in assessing current skills, identifying growth opportunities, and promoting internal candidates. -Cost considerations include compensation, benefits, and potential expenses for external hiring, while internal hiring may involve salary adjustments and filling previous positions. -Cultural fit and adaptability should be considered when deciding between internal and external candidates, as well as the long-term impact and alignment with business goals.

 

Chapters

00:00 Introduction

03:23 Key differences between internal and external recruitment methods

06:00 Cost implications of internal versus external hiring

08:46 Time efficiency of internal and external recruitment methods

14:16 Effect of internal and external recruitment on employee morale and retention

16:31 Impact of internal and external candidate recruiting strategies on diversity of skill sets

21:57 Step 1: Assessment

24:30 Step 2: Identifying

28:04 Step 3: Costs

31:24 Step 4: Culture

31:54 Step 5: Long-term impact and strategic alignment

 

To learn more about Internal vs External Hiring, visit @FitSmallBusiness’s Helpful Guide: Click Here

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HR Podcast: Is your workplace PUMP Act Friendly? + Can I-9’s Be Completed Remotely?

HR Podcast: Is your workplace PUMP Act Friendly? + Can I-9’s Be Completed Remotely?

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Welcome to another insightful episode of the “While We Were Working” HR podcast! In this episode, we delve into the latest developments surrounding the PUMP Act and the question of whether Form I-9’s need to be completed in person. Join our expert panel as we discuss the implications of these new requirements and their impact on employers and employees alike.

 

Timestamps:

00:00 – Introduction

01:59 – Understanding the PUMP Act: Exploring its new requirements (While We Were Working Segment)

15:04 – Form I-9: In-person completion or remote alternatives? (Consultant’s Corner Segment)

Episode Details:

In this engaging HR podcast episode, our knowledgeable hosts dive deep into the intricacies of the PUMP Act, shedding light on the updated requirements that organizations need to be aware of.

We analyze the key aspects of the legislation and explore its potential implications on businesses, employee rights, and compliance obligations.

Form I-9, a crucial document for verifying employment eligibility, has traditionally required in-person completion. However, in light of evolving workplace dynamics and the impact of the COVID-19 pandemic, we examine whether digital alternatives and remote completion options can be considered viable alternatives.

We discuss the benefits and challenges associated with these approaches and provide practical insights for employers navigating this changing landscape.

As we unravel the complexities surrounding the PUMP Act and Form I-9 requirements, our expert panel offers valuable perspectives and actionable advice.

Gain insights into compliance considerations, best practices, and the potential consequences of non-compliance.

Whether you are an employer, HR professional, or an employee seeking clarity on these matters, this episode equips you with the knowledge needed to adapt and comply with the new regulations.

Tune in to the “While We Were Working” podcast and join the conversation surrounding the PUMP Act and the evolving landscape of Form I-9 completion.

Stay informed, make informed decisions, and ensure compliance in this ever-changing world of employment regulations with our weekly HR podcast.

Don’t forget to like, subscribe, and share this episode with others who may find this information valuable. Stay tuned for more engaging discussions on the “While We Were Working” podcast!

Do you need to outfit a room at your office for PUMP Act compliance? Check out this chair and more from Amazon.com

#PUMPAct #FormI9 #EmploymentRegulations #Compliance #HR #Podcast

 

Hosts: Joey Price and Sommer Ketron

This show is powered by Jumpstart:HR, LLC

Building a Team: Three Myths Small Businesses Believe When Recruiting – And What To Do Instead

Building a Team: Three Myths Small Businesses Believe When Recruiting – And What To Do Instead

Before we talk about building a team, let’s take a walk down memory lane.

Do you remember the first time you were on a team? It could’ve been a second-grade soccer team where everyone got a trophy at the end of the year regardless of how well the team did. Or it was later in life, a twelfth-grade capstone project that required collaboration for completion. No matter when you experience your first time being on a team, there’s one truth about them: they’re everywhere. So how can something so common be consistently mismanaged? It may have more to do with what we believe about teams in the first place. 

“A team is more than a collection of people. It is a process of give and take.” – Barbara Glacel

In this article, I want to share the three myths that small businesses believe when building a team, why I think these myths exist, and how to overcome them. If these resonate with you, please share them with your team and consider working with mine.

Myth 1 when building a team: The right candidate is LOOKING for your business. 

Every day in America, companies post, pray, and ponder over job descriptions, hoping they’ve cooked up the right recipe for the ideal candidate to manifest in their applicant tracking system and solve all their workload and team chemistry woes.

Building a team is hard and I’ve even been there myself. Thinking that the only thing standing between our open positions and success is a fresh job description with KPIs and culture. Unfortunately, this couldn’t be further from the truth. Unless you are a household name like Apple or Amazon, how can we be so sure that someone even knows to look for us in the first place? Of course, we believe in our brand, mission, and team – but what do we do consistently to raise awareness about our businesses and their inner workings? Suppose you want to be found by the right candidate. In that case, you must think beyond the traditional job description and share what it’s like to work in your company. These days, 70% of job seekers are passive

Stop believing that the right candidate is LOOKING for your business. More often than not, it would be best to source the right candidate for your business. What is sourcing? It’s when you proactively find candidates instead of posting a job and sifting through hundreds of candidates. As you make this shift when building a team, you feel empowered to make proactive decisions to land your next key hire. One potential decision you should consider making? Work with a recruiting agency that will source talent and use tools that reduce the time and cost it takes to hire for your organization.

Myth 2 when building a team: The right hire comes from the right school or company. 

While so much has changed over the last decade within the recruiting industry, only some hiring managers have kept up.

There was once a time when notable schools and companies were reliable pipelines to fill cookie-cutter jobs with predictable expectations. I remember the days when building a team meant that applicants from relevant universities or companies were given an automatic second look – even if their qualifications weren’t quite there. Some would even get the benefit of the doubt when it came to salary since “they used to work at [fill in the blank], they must be good!” The problem with this way of thinking now (and quite frankly, always) is that it presents an unconscious bias against high-potential talent from non-traditional or traditional backgrounds without name recognition. Take the world of IT, for example, where the US Bureau of Labor Statistics says 25% of IT workers have no college degree. Are you willing to risk passing on game-changing talent because they don’t come from the background you envisioned they would?

Instead of believing the right hire comes from the right school or company, you should know that the right candidate can articulate their skills and how they align with what you need them to do. Interviewing is all about asking excellent questions and developing mutual trust. The next time you have an opportunity to chat with a candidate with the right experience but not the right name on their diploma, break out a few good questions where you ask them to describe their experience and what challenges they’ve faced along the way. Don’t hire based on which mascot they cheer for during March Madness; employ a team member for their ability to make an impact on your team today and tomorrow.

Myth 3 when building a team: We hire to find the right person. 

One of these days, I might write a book about the parallels of marriage and building a team – but that’s a story for another time.

Right now, though, I want to address a myth we’ve been carrying for years in small business circles: there are no unicorns, ninjas, or rockstars. Instead, there are hidden gems, high-potential hires, and developmental candidates you take a chance on because you see something. Companies often want to pass on great candidates in hopes of finding “the one.” It prolongs the search process, adds extra costs, and reduces the candidate experience for everyone. You rarely find someone better qualified than the candidate you passed on because they nailed four things but were “eh” on the fifth. 

Instead of believing you recruit to find the right person, consider recruiting to find someone competent in the role that vibes with your culture and is willing to be developed. Since we’re on the topic of teams, let me speak about a sports analogy: The NBA Draft. The most successful teams in the draft aren’t the ones who waste time trying to find someone who will be an MVP right away. The most successful teams in the draft are the ones who look at their organization’s style of play, which prospects play a similar kind of basketball, and who will train and study to perform at their best over time. It’s impractical to think there’s a perfect ready-made hire out there. Why? You have a unique culture, unique management structure, and maybe a few skeletons in your operational closet.

If you think about hiring as a big-picture project, your new hire will figure out how to paint themselves in that picture with you. 

So, what’s next?

Which myth resonates with you most? There are others, but these are the biggest, in my opinion. I’d love your thoughts and for you to share this post with your colleagues. Schedule a free 15-minute call with me if your business is in need of a fresh recruiting strategy.  

 Want more recruiting tips? Watch this video:

Remote Work Q&A Podcast With Ultimate Software’s Cecile Alper-Leroux [Full Interview]

Remote Work Q&A Podcast With Ultimate Software’s Cecile Alper-Leroux [Full Interview]


Download the full report here: https://www.ultimatesoftware.com/Remote-Work-Research

In this HR video podcast, Jumpstart:HR Founder Joey Price is joined by Cecile Alper-Leroux. She is the VP of Human Capital Management (HCM) Innovation at Ultimate Software, a company that provides HCM solutions in order to help organizations improve the employee experience and grow their business.

Cecil has over 20 years of experience in both national and global market and she is an internationally sought-out speaker, thought leader, and visionary on HCM trends, hot topics, and global strategies. She joined Ultimate Software in 2010 and she’s been focusing on fostering a culture of innovation at Ultimate ever since.

In this video, we will be going over the results of their latest research on the benefits of remote workers.

Our topics include:

  • What is the current state of remote work?
  • The results of Ulitmate Software’s latest study on the effects of remote work.
  • What are some of the key benefits that should encourage employers to add remote work to their business model?
  • How will having an increased number of remote workers affect managerial roles?
  • How is remote work helping women in the workplace?
  • The technological trends that are helping bridge the gap between the office and the remote workforce.

All that and a whole lot more! Stay tuned for another action-packed episode of the Business, Life, and Coffee Podcast!

Connect with Cecile:

If you enjoyed this episode please take time to give it a 5-star review!

Learn More: http://bit.ly/blcitunes

Also, check out some of our previous episodes for more advice and tips on how to boost your career and take your business to the next level!

See you next week!

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Editor: Peja M.

Music: https://www.instagram.com/iamayoh/

180 – How to Develop and Maintain Dignity in the Workplace, Ft. Esther Weinberg

Today we are joined by Esther Weinberg, executive coach and the founder of the MindLight Group, LLC. Her focus is on helping executive leadership teams to find, implement and mentor dignity, leadership and personal power in the workplace. With over 20 years of experience, Esther has developed a unique training and mentorship ability that helps executives deal with current challenges today’s companies are faced with. Her mission is to bring back dignity and mentorship into the workplace.

Our topics include:

    Why is dignity such an important aspect of the workplace?
    Is lack of dignity an unintentional occurrence?
    The three triggers that disrupt our ability to receive feedback.
    The five A’s of preparing for a productive and safe conversation.

Connect with Esther:

 

What’s Next?

Learn skills that will make you the sharpest person in the Boardroom: 

https://humanresources.teachable.com/

 

Like This Episode? Leave a tip!
Learn More: https://www.patreon.com/blc  

Listen: iTunes | Podbean | Spotify
Connect: IG | T | FB | Website | Sponsor
Music: http://www.bensound.com/royalty-free-music

This episode is powered by Jumpstart:HR, LLC
HR Outsourcing for Small Businesses and Startups:
https://www.jumpstart-hr.com

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179 – Why Are Marketing and Sales Essential to All Businesses? Ft. Tom Libelt

This week, we’re joined by Tom Libelt, marketing expert and the founder of the Smart Brand Marketing Community. With a background in both sound engineering and marketing, Tom’s career journey is both inspirational and eventful. He made the shift to sales and gained valuable experience by working for companies like Hilti and Nestle. Tom continued to explore different fields and two music albums and one coffee place later, he started focusing on his marketing and SEO skills. After working with a Muay Thai champion and helping him produce and market his online course, Tom co-founded We Create Online Courses, a company that can create an online course using only 14 hours of their clients time. He is also a fellow podcaster, and he’s hosted several podcasts with The Smart Brand Marketing Podcast still going strong after 120 episodes!

Our topics include:

    The role elimination of unnecessary activities plays in achieving success.
    Why are marketing and sales the backbone of the economy?
    What makes Chiang Mai, Thailand so appealing to digital nomads?
    Being professional vs. being authentic.
    The formula behind making successful online video courses.

Connect with Tom:

What’s Next?

Learn skills that will make you the sharpest person in the Boardroom: 

https://humanresources.teachable.com/

 

Like This Episode? Leave a tip!
Learn More: https://www.patreon.com/blc  

Listen: iTunes | Podbean | Spotify
Connect: IG | T | FB | Website | Sponsor
Music: http://www.bensound.com/royalty-free-music

This episode is powered by Jumpstart:HR, LLC
HR Outsourcing for Small Businesses and Startups:
https://www.jumpstart-hr.com

from Business, Life, & Coffee | Entrepreneurship, Life Hacks, Personal Development for Busy Professionals http://bit.ly/2Whow26
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