Recruiting and Hiring - Mission to Grow: A Small Business Guide to Cash, Compliance, and the War for Talent - Episode # 107

Mission to Grow: A Small Business Guide to Cash, Compliance, and the War for Talent

The new HR Benchmark Report is in! With over 1,000 businesses surveyed, the report aims to correlate HR best practices and revenue growth by asking binary questions about whether or not firms follow certain HR practices. Here to share insights is VP HR Compliance and Learning and Development at Asure Software, Mary Simmons!

Mary joins host Mike Vannoy to discuss recruitment and hiring processes, such as job descriptions, background checks, job postings, and interview practices. Mary emphasizes the importance of compliance and consistency in these practices and how they contribute to business success.

Takeaways:

• Importance of Compliance: Fast growth firms exhibit higher compliance with HR best practices, which directly correlates with their success. Ensuring legal and regulatory compliance in job postings, interviews, and applications can significantly impact business growth.
• Role of Background Checks: Fast growth firms are more likely to conduct background checks (81% versus 65% in zero-growth firms). This demonstrates a commitment to hiring trustworthy, qualified individuals, even at a nominal cost.
• Consistency in HR Practices: Consistency in applying HR practices such as job descriptions, interview processes, and compliance checks reduces litigation risk and ensures fair comparison of candidates, boosting overall hiring success.
• Detailed Job Descriptions: Having detailed, compliant job descriptions is crucial for all job openings. It not only meets legal requirements but also helps in setting clear expectations and better performance management.
• Structured Interview Processes: Effective and compliant interview processes that focus on job-related questions help in assessing candidates' competencies and cultural fit more accurately. Behavioral questions can provide deeper insights into a candidate's potential performance.
• Regular Updates and Training: Regularly updating HR practices and providing training for compliance helps in keeping up with changing laws and standards. This is especially relevant for issues like salary transparency and preventing discriminatory practices in job ads.
• Investing in HR Pays Off: Companies that invest in proper HR practices, including background checks and thorough compliance, see better growth. Proper HR management contributes to hiring the right people, which is essential for business success.

Quote of the Show:

• “No company is going to be successful without the right people.” - Mary Simmons

Links:

• LinkedIn: https://www.linkedin.com/in/marysimmonshrconsultant/
• Company Website: https://www.asuresoftware.com/
• HR Benchmark Report: https://www.asuresoftware.com/2024-hr-benchmark-report/

Ways to Tune In:

• Spotify: https://open.spotify.com/show/2XThTdn7YC1lkAm0PgZUkj
• Apple Podcasts: https://podcasts.apple.com/us/podcast/mission-to-grow-a-small-business-guide-to-cash-compliance-and-the-war-for-talent/id1725890976
• Amazon Music: https://music.amazon.com/podcasts/328dddd0-3c4f-4b07-a0d3-13bdcb418486/mission-to-grow-a-small-business-guide-to-cash-compliance-and-the-war-for-talent?refMarker=null
• Audible: https://www.audible.com/pd/Mission-to-Grow-A-Small-Business-Guide-to-Cash-Compliance-and-the-War-for-Talent-Podcast/B0CS71KQFM?qid=1706208857&sr=1-1&ref_pageloadid=not_applicable&ref=a_search_c3_lProduct_1_1&pf_rd_p=83218cca-c308-412f-bfcf-90198b687a2f&pf_rd_r=A1ME8MBECSVZ6K4D7CNT&pageLoadId=QBtg12mqKsuZPLGY&creativeId=0d6f6720-f41c-457e-a42b-8c8dceb62f2c
• Podchaser: https://www.podchaser.com/podcasts/mission-to-grow-a-small-busine-5591006