This episode of Management Development Unlocked marks the 50th episode! Eric’s guest is Tom Applegarth. Tom’s entire career has been spent in human resources at multiple companies, both big and small. Today, he is the Vice President of Human Resources for Preferred CFO, which works with about 150 companies to offer outsourced finance, accounting, HR, and payroll for smaller companies.
In this episode, you’ll hear:
- The compensation issues new managers should consider when hiring or contemplating merit increases for their employees.
- The most common financial mistakes new managers make.
- Terminating employees, the issues that can arise in those situations, and one of Tom’s best examples of it.
- The limitations of offering references for a candidate and Tom Applegarth’s advice for who you should really be speaking to about someone.
- Why the best managers are always recruiting.
- What Tom’s company does and makes it unique.
- Eric’s lightning round questions for Tom.
View the original podcast here: https://www.girardtrainingsolutions.com/podcast/ep050-tom-applegarth/
About the Author
tom applegarth
Tom Applegarth is a 30-year veteran in the Human Resources industry, with experience spanning manufacturing plants, retail stores, and divisions of Fortune 500 companies. Tom has HR experience across the United States as well as Europe, Asia, and Latin America.
His experience has brought significant, measurable improvements in employee engagement, attrition reduction, recruitment of the best and the brightest employees, and establishment of high-impact HR processes and improvements.
Tom has over 30 years of experience, including serving at high-profile companies such as Goodyear Tires, Belden, Potter Electric, and Young Living.
You may also be interested in...
Increase Profits by Increasing Customer Satisfaction
Profitability and customer satisfaction are two sides of the same coin in modern business. While cutting costs might seem like a straightforward way to increase profits, a more sustainable and impactful approach lies in prioritizing customer satisfaction. Happy...
From Burn Rate to Boom: How to Stretch Every Dollar in a Startup
Running a startup comes with the high-stakes challenge of managing your burn rate—the pace at which your company spends cash. Each dollar isn’t just an expense; it’s an investment in your company’s future. With venture capital not always guaranteed and economic...
The Art of Letting Go: A Guide to Selling a Business
Selling a business can be one of the most transformative and emotionally charged decisions an entrepreneur will ever make. Whether you’ve been building it for years or inherited it from family, your business likely holds significant personal value. Deciding to let go...
The Outsourced Controller: A Secret Weapon for Financial Stability
As unsung heroes of financial management, outsourced controllers can bring significant benefits that go well beyond basic bookkeeping.
Beyond the Numbers: Uncovering Hidden Insights in Internal Audits
When it comes to internal financial audits, numbers often take center stage. Financial ratios, variances, and performance metrics are all essential, but true value lies in the insights hidden behind these figures. These insights can reveal much more than compliance or...
Year-End Closing Chaos? How to Turn Dread into Done!
Does the phrase "year-end closing" send chills down your spine? You’re not alone! For many business owners, accountants, and financial teams, this crucial time of year is riddled with challenges and stress. However, with the right strategies in place, the chaos of the...
Stand Out or Fade Away: Develop a Winning Brand Identity
To truly thrive, a company must stand out from the crowd and create a lasting impression on customers. But how exactly do you make your offerings distinctive in a sea of competition?
Are You Ready for the New 401(k) Law?
The SECURE 2.0 Act, effective starting in 2025, is a massive piece of legislation that makes over 90 changes to retirement plan and tax regulations. Among other things, the Secure 2.0 Act brings several important changes to 401(k) retirement plans. This new law...
Maximize Your Return on Invested Capital
ROIC measures how efficiently a company uses its capital to generate profits. It answers the fundamental question: “Are we getting the best possible returns for the capital we’ve invested in the business?”
How Ignorance of HR Laws Can Destroy Your Business
The stakes are high for business owners who neglect HR laws. The financial and reputational damage from a lawsuit can be irreparable.
Funding Under the Radar: Little-Known Tactics to Raise Business Capital
Raising business capital is one of the most critical challenges entrepreneurs face when starting or expanding a business. Traditional methods like bank loans, venture capital, and personal savings are well-known, but they often come with significant hurdles or...
From Pitch to Funding: Effective Strategies for Private Capital Raising
Raising private capital is an essential process for any business looking to scale, whether it's a startup or a mature company seeking to expand. This is especially true in times when banks and other financial institutions are less willing to loan money to small...
