WELCOME January 22, 2007
The "New Iowa" Entrepreneurs' Meetup Group http://entrepreneur.meetup.com/864
Check the Calendar Regularly! http://entrepreneur.meetup.com/864/calendar/
@ The Pappajohn Education Center • Wednesday Feb. 28th • Connecting the Entrepreneur – Roundtable • “Connecting the Entrepreneur"- Entrepreneur Spotlight • Connecting the Entrepreneur - Exhibition and Reception • Connecting the Entrepreneur - Press Conference • Friday March 2 • Collegiate Entrepreneurs Iowa Conference – Drake University
Win up to $25,000in the Pappajohn IowaBusiness Plan Competition! • What is it? $50,000 in prize money will be awarded to the top three business plans submitted statewide during the competition - $25,000 for the first prize, $15,000 for second prize and $10,000 for third prize. • Who's eligible?All new start-up companies in Iowa who meetthe criteria noted in the rules. • When can I enter? Executive summaries can be submittedbetween March 1 and April 30 http://www.iowabusinessplancompetition.com
“Slow To Hire Quick To Fire” Katie Roth, SPHR PorticoHR, Owner 2910 Westown Parkway West Des Moines, IA 50266 Phone: 515-221-3233 Fax: 515-221-3236 Email: firstname.lastname@example.org Website: www.porticohr.com
Shocking Statistics • 53% of job applications contain false information • 44% of applicants lied about work experience • 23% fabricated credentials or licenses • 41% lied about their education • 500,000 people falsely claim to have college degrees
The Cost • Employee theft and dishonesty – $40 billion a year • Workplace violence – $36 billion a year • Employee substance abuse – $640 per US worker • Half of all new hires “don't work out” – $7,000 to $40,000 • Total You do the math!
Reason to Care • An employer may be liable for negligent hiring if: “The company knows the employee is unfit . . . fails to use reasonable care to discover the employee's unfitness before hiring.” Evan F. v. Hughson United Methodist Church (1992) 8 Cal.App.4th 823, 843.
The Solution “An employer . . . may avoid liability if it takes reasonable steps to authenticate the applicant's credentials.” Select the right employees from the start!
How? • Know what you are looking for: • Have a good job description • Understand your company, culture, and current employees • Screen people out, not in! • Get to know the candidate • Make sure they fit the description and the company characteristics
Slow to Hire • Have more than two interviews • Perform reference/background checks • Have them take assessment or personality tests • Make sure the interviewee: • Understands the company • Will fit in
Top 10 Interview Questions • Who are the best bosses you’ve ever worked for? The worst? • In the past, when have you not been successful and why? (Biggest disappointment professionally?) • What has been the thing you are most proud of professionally? • What percentage of your day do you spend on specific tasks? • What are five things you would change about your current job?
Top 10 Interview Questions • Tell me about any “best practices” you’ve instituted that you are particularly proud of. • Did you ever put a program in place that wasn’t successful? What was it and what did you learn? • Describe a situation with a client where you made a mistake. How did you handle the error? • Describe a couple of instances, big or small, where you took a different tack in achieving an objective than was the company standard? • Describe a time where a creative approach to meeting an objective didn’t work and what you did next?
Quick to Fire • The minute you have a doubt about an employee – get rid of them! • Biggest downfall of small businesses
Questions? Katie Roth, SPHR Owner of PorticoHR 2910 Westown Parkway West Des Moines, IA 50266 Phone: 515-221-3233 Fax: 515-221-3236 Email: email@example.com Website: www.porticohr.com