06 | Cost of a bad hire - Kristen Deese

The cost of a bad hire goes from draining payroll taxes to the countless hours invested in searching, interviewing, and onboarding. Actual expenses alone can weaken even the most robust companies. Join host Justin Deese and his guest and also wife and Business Partner, Kristen Deese, a Certified Behavioral Consultant, Business Coach, Systems Genius, and CFO, as they share expert advice on spotting potential red flags during interviews, leveraging the power of open houses to optimize your hiring process, and conducting vital one-on-one meetings during probationary periods to swiftly address emerging issues. Tune in now to get all the tips you need for avoiding bad hires and ensure your team has the skills needed for success! [00:00 - 07:45] The Financial Impact of Bad Hires on Companies [07:45 - 15:16] Tangible and Intangible Expenses [15:17 - 22:22] How to Identify and Address Potential Issues Early On [22:23 - 29:08] Identifying Red Flags in the Hiring Process [29:09 - 34:58] The Value of Retention and Swift Action in Building High-Performing Teams Ready to transform your financials? Eliminate financial frustration and unlock growth opportunities with Kristen Deese, the virtual CFO specializing in the home service industry. With Kristen's expertise, you can eliminate overwhelm and use your financials as a powerful tool for growth. Not only that, but she'll even provide training for your in-house accounting team, ensuring they're equipped with the knowledge you need. Visit ⁠www.thefwordofbusiness.com⁠ ⁠⁠⁠and discover how she can transform your business's numbers into a powerful tool! Connect with Kristen! ⁠LinkedIn and Facebook⁠ or visit the website: https://www.kristendeese.com/ Connect with Justin! ⁠LinkedIn⁠ and ⁠Facebook⁠ or visit the websites:⁠ Freedom Blueprint Academy⁠ ⁠and www.gcbcoaching.com⁠ Tweetable Quote: "However, if you make a misstep in your hiring and you don't have the right person on your team, it can be very costly to the company even though they're filling a void that you needed. It still can be really expensive if you don't have the right person on the team."- Kristen Deese Apple Podcasts: ⁠https://podcasts.apple.com/us/podcast/freedom-blueprint/id1689795253⁠ Spotify: ⁠https://open.spotify.com/show/7bU3lSPtMoBdIEDoRuI9rX?si=0ac4e687bc51462e⁠