Profit First Nation Ep. 139- Resume Red Flags Too Costly to Ignore
Danielle may hit a nerve or two in this episode when she highlights the RED FLAGS you cannot ignore when it comes to making 5-Star Employee Hires.
For most businesses, PAYROLL is your biggest expense and can be a significant drain on your profitability when you make a hiring mistake.
When your payroll is full of average, ho-hum, or worse employees – you need more labor at more expense to do the work that just one 5-Star Employee can accomplish.
Remember: If 5-Star Employees represent the top 15% of available talent – then statistically speaking, you will need to filter out 6 out of every 7 candidates to get that top 15% candidate.
You have to raise your RED FLAG alert level to max as you take candidates through your hiring gauntlet.
In this episode, Danielle lists multiple warning signs that HR professionals and business owners engaged in the hiring process should embrace.
Take notes to seeing and eliminating candidates based on critical candidate "RED FLAGS.”
IN THIS EPISODE:
- [00:21] Danielle goes all in on hiring employees today
- [04:03] Red Flags- Working less than one year at multiple recent employers and exaggeration of duties and responsibilities
- [05:38] Red Flags- If their formal education is in an unrelated field from what you are looking for and their resume suggests a double employment history
- [07:05] Red Flags- Grammar and punctuation errors and specific fields and industries Danielle would never hire from
- [10:05] Fields and industries we want to hire from
- [13:21] Danielle shares case histories
- [20:19] Danielle compares part-time employees to children and gives more examples of red flags
- [24:08] Danielle gives a fast overview of today's episode
KEY TAKEAWAYS:
- In today’s market, working long-term in a company can be defined as working two years or more in the same company.
- There are industries you should avoid when looking to fill a position because they represent fields where there isn’t urgency involved in their job.
- If a person can’t correct errors in their resume, they are not the type of person you want to hire.
ABOUT THE HOSTS:
Danielle Mulvey is a former flight attendant-turned-entrepreneur and owns multiple businesses doing $50 million in annual revenue. She is one of the exclusive, select group of Mastery-Certified Profit First Professionals worldwide and the go-to “HOW TO IMPLEMENT” workshop facilitator for Profit First and WSJ Journal best-selling author Mike Michalowicz following his keynote speeches. Danielle is currently running multiple businesses, from start-ups to mature businesses with 10-year plus track records and revenues ranging from $1M to $40 million in annual revenues and is a certified numbers geek about Profit First, leveraging the DIY cash management system for small business to achieve maximum profitability. She can personally guide business owners to achieve maximum profitability based on her 25 years of experience as an entrepreneur who has been there and done that.
Additionally, Danielle authored the book The Rapid Read™ Guide to The 5-Star Employee Rating System™ and is currently collaborating with Wall Street Journal best-selling author Mike Michalowicz on his new book, to be released in Q1 2024, titled ALL IN: How Great Leaders Build Unstoppable Teams.
Mike Michalowicz is an entrepreneur and New York Times and Wall Street Journal best-selling author of Profit First, The Pumpkin Plan, SURGE, Toilet Paper Entrepreneur, Clockwork, Fix This Next and Get Different. BusinessWeek called Toilet Paper Entrepreneur, a business cult classic. His books have been translated into ten languages, and Mike has had the privilege to speak on stages worldwide because of his passion for connecting with entrepreneurs.
As the founder of Profit First Professionals, he empowers accountants, bookkeepers, and business coaches with the tools and techniques to maximize client profitability, allowing them to uplevel from being one of the 83% of small businesses operating check-to-check and struggling to be profitable to becoming one of the 17% of thriving and highly valuable businesses with cash in the bank to correlate to profitability. Mike also co-founded the business growth consultancy Provendus Group and has successfully founded, built, and sold two technology service-based companies. He is passionate about sharing his experiences and advice with entrepreneurs and sits on formal and informal advisory boards while maintaining relationships with angel and early-stage investors.
RESOURCES:
Profit First Professionals - Website