Épisodes

  • Should Employers Offer a Sign-on Bonus?

    Should Employers Offer a Sign-on Bonus?
    Jan 12 2025
    In this episode of the Business Resources One podcast, Mike Voories discusses the topic of sign-on bonuses, exploring their definition, structure, effectiveness, and potential alternatives. He emphasizes the importance of long-term strategies for employee retention and engagement over short-term financial incentives. The conversation highlights the need for businesses to create a supportive workplace culture and invest in employee development to attract and retain top talent. Takeaways: - Sign-on bonuses are one-time payments to incentivize job acceptance. - They can help fill critical positions quickly in a competitive market. - While they attract talent, they may not ensure long-term retention. - Employee resentment can arise if existing staff feel undervalued. - Investing in retention programs can be more effective than bonuses. - Creating a positive workplace culture enhances employee engagement. - Employee referral programs can leverage existing talent networks. - Long-term solutions are key to sustainable success in hiring. - Recruiting without retention is costly for businesses. - Focus on creating lasting value for both the company and employees. Visit https://BusinessResourcesOne.com for help with #recruiting and #EmployeeRetention.
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    11 min
  • Meeting Candidates Where They Are

    Meeting Candidates Where They Are
    Jan 20 2025
    In this episode of the Business Resources One podcast, Mike Voories discusses the importance of meeting candidates where they are in the recruitment process. He emphasizes understanding target candidates, leveraging technology for effective communication, and simplifying the application process to enhance the candidate experience. By adopting these strategies, businesses can gain a competitive advantage in a challenging labor market. Takeaways: - Meeting candidates where they are is crucial for recruitment success. - Understanding your target candidates is the first step. - Texting has a 98% open rate compared to 20% for emails. - Flexibility in scheduling interviews shows respect for candidates' time. - Simplifying the application process can reduce candidate drop-off. - Social media platforms can effectively engage different candidate demographics. - Industry-specific job boards can yield better-targeted candidates. - Creating a content calendar for job posts can enhance engagement. - Using scheduling tools can streamline the interview process. - A good ATS system can integrate scheduling tools for efficiency. https://BusinessResourcesOne.com
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    10 min
  • A Business is Nothing More Than the Sum of its People

    A Business is Nothing More Than the Sum of its People
    Jan 27 2025
    In this episode of the Business Resources One podcast, Mike Voories discusses the critical role of employees in shaping a company's culture and success. He emphasizes that every employee, from leadership to entry-level, has a significant impact on the organization. The conversation explores the importance of nurturing individual potential, the ripple effects of employee actions, and the vital role of leadership in fostering a positive work environment. Voories also highlights the broader implications of employee engagement, including its influence on customer satisfaction and business outcomes, and encourages leaders to take actionable steps to empower their teams. Takeaways: - A business is fundamentally defined by its people. - Every employee's actions contribute to the company's culture. - Culture is shaped by everyone, not just leadership. - Leaders must model desired behaviors and build trust. - Recognition of achievements boosts employee morale. - Investing in employee development shows commitment to growth. - Trust is built through consistent actions and values. - Engaged employees lead to better customer service. - High engagement fosters innovation and collaboration. - Small actions can lead to significant changes in the workplace. https://BusinessResourcesOne.com
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    9 min
  • Why Employers Should Include Compensation in Job Posts

    Why Employers Should Include Compensation in Job Posts
    Feb 3 2025
    In this episode of the Business Resources One podcast, Mike Voories discusses the critical importance of including compensation details in job postings. He emphasizes that transparency builds trust with candidates, improves job visibility, and attracts qualified applicants. Voories also highlights the growing trend of pay transparency laws across various states and addresses common employer concerns regarding salary disclosure. Ultimately, he advocates for a shift in mindset towards embracing transparency as a strategic advantage in the hiring process. Takeaways: - Transparency in job postings builds trust with candidates. - Including a compensation range can improve job visibility. - Employers who disclose pay ranges value transparency and fairness. - Some states are implementing pay transparency laws. - Compliance isn't the only reason to disclose compensation. - Companies that share salary information are seen as credible. - Employers fear losing negotiation leverage by posting salaries. - Transparency can serve as a competitive advantage. - Emphasizing transparency can enhance employer branding. - Including salary details is a strategic move. https://BusinessResourcesOne.com
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    9 min
  • The Power of Recruiting Passive Candidates

    The Power of Recruiting Passive Candidates
    Feb 10 2025
    In this episode of the Business Resources One podcast, Mike Voories discusses the significance of recruiting passive candidates and how they can enhance a company's talent pool. He outlines the advantages of targeting passive candidates, including less competition and higher retention rates. Voories provides actionable strategies for attracting these candidates, such as simplifying the recruitment process, building a strong employer brand, and leveraging recruiting firms. He emphasizes the importance of creating a talent pipeline and fostering relationships with potential hires to ensure long-term success in talent acquisition. Takeaways: - Recruiting passive candidates can transform your hiring approach. - Passive candidates are often the best talent available. - Less competition for passive candidates allows for better engagement. - Passive candidates tend to stay longer in their roles. - They bring fresh perspectives and unique skill sets to the team. - Make the recruiting process easy for passive candidates. - Building a strong employer brand is crucial for attracting top talent. - Personalized outreach is key when targeting passive candidates. - Emphasize growth and development opportunities in your pitch. - Partnering with a recruiting firm can significantly ease the recruiting process. https://BusinessResourcesOne.com
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    9 min
  • Recruiting Without Retention is VERY Expensive

    Recruiting Without Retention is VERY Expensive
    Feb 17 2025
    In this episode of the Business Resources One podcast, Mike Voories discusses the critical issue of employee retention and the hidden costs associated with high turnover. He emphasizes the importance of understanding why employees leave and offers actionable strategies for businesses to shift their focus from constant recruiting to effective retention. By improving onboarding processes, investing in professional development, enhancing workplace culture, and recognizing employee contributions, companies can create a more engaged workforce and reduce turnover costs. Takeaways: - High turnover is a financial drain on businesses. - The cost of replacing an employee can be significant. - Loss of institutional knowledge impacts productivity. - Employees often leave due to lack of growth opportunities. - A strong onboarding process is crucial for retention. - Investing in professional development increases loyalty. - Company culture affects employee motivation and retention. - Regular feedback sessions can improve workplace culture. - Competitive compensation is important for retaining talent. - Promoting work-life balance helps reduce burnout. https://BusinessResourcesOne.com
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    8 min
  • Employee Turnover is Expensive but Retention Without Engagement is Even Worse

    Employee Turnover is Expensive but Retention Without Engagement is Even Worse
    Feb 24 2025
    In this episode of the Business Resources One podcast, Mike Voories discusses the critical issue of employee turnover and the often-overlooked problem of retention without engagement. He highlights the significant costs associated with employee turnover, including lost productivity, hiring and training expenses, and the negative impact on team morale and company culture. Voories emphasizes that retaining disengaged employees can be even more detrimental to a business than high turnover, leading to low productivity, toxic culture, and poor customer experiences. He outlines four key strategies for retaining and engaging employees: providing purpose, investing in growth and development, fostering a culture of recognition, and offering autonomy and flexibility. The episode concludes with a reminder that both retention and engagement are essential for a thriving workplace. Takeaways: - Employee turnover can cost 50 to 200% of an employee's salary. - Retention without engagement can lead to a disengaged workforce. - Disengaged employees can drain company energy and slow innovation. - High turnover affects service quality and customer confidence. - A toxic culture can arise from disengaged employees. - Employees need to see their work's impact on the company. - Investing in employee growth leads to higher engagement. - Recognition and connection foster a positive workplace culture. - Providing autonomy increases employee ownership and engagement. - Both retention and engagement are crucial for business success. https://BusinessResourcesOne.com
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    9 min
  • When the Wrong Hire Hurts More Than Turnover

    When the Wrong Hire Hurts More Than Turnover
    Mar 3 2025
    In this episode of the Business Resources One podcast, Mike Voories discusses the often-overlooked issue of bad hires and their detrimental effects on businesses. He emphasizes that keeping the wrong employee can be more damaging than employee turnover, impacting team morale, productivity, and company culture. Voories provides insights into recognizing bad hires and offers strategies for preventing them, including defining success in hiring, improving the interview process, and trusting one's instincts. The episode concludes with a reminder that intentional hiring is crucial for building strong teams. Takeaways: - Keeping the wrong employee can be more damaging than turnover. - A bad hire can impact team morale and productivity. - Every single person affects company culture. - Don't let fear keep you from making tough decisions. - Hiring is not just about filling a seat; it's about fit. - Define success before you hire to ensure alignment. - Improving the interview process is key to finding the right fit. - Don't rush the hiring process; an empty seat is better than a bad hire. - Trust your gut during the hiring process; enthusiasm matters. - Strong teams are built with intention, not just by filling positions. https://BusinessResourcesOne.com
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    9 min