What if I told you that the secret to your business's success lies in the heart of your HR practices? Get ready to redefine your understanding of HR's role as we venture into an insightful conversation with Tom Applegarth, an experienced HR professional at Preferred CFO. He unravels the intricacies of HR for entrepreneurs, including vital aspects such as recruiting, employee retention, and succession planning, crucial for business success. We also shine a spotlight on the services Preferred CFO offers, a lifeline for companies that may not be ready to hire a full-time CFO or HR person.We delve deep into the realm of effective recruiting and employee retention. We discuss the profound effects of competitive wages, proactive talent search, and the role of great managers on employee satisfaction. Tom takes us on a journey through the elements of a well-constructed work environment that not only inspires employees but makes the workspace a joyous place. We wrap up this section with the significance of succession planning, the cost of turnover, and the absolute need for competitive wages and the right talent.As we move along, our conversation takes a fascinating turn towards career advice, employee benefits, and considerations when returning to the office post-pandemic. Emphasizing the power of networking and proactive job application, we delve into the advantages of recruiting even when there's no immediate job opening. The discussion culminates with an in-depth exploration of the importance of having a succession plan and insightful strategies to manage HR challenges. So get ready to redefine your HR practices with Tom Applegarth and embark on a journey towards business success.

What do financial advisors do?   It's one of the most common questions I receive when people ask me about work.   In this episode and future episodes, discover how impactful an advisor can be for your finances while also learning how other business people in the industry are impacted by money and wealth!