![Share on Facebook Facebook](https://sp-ao.shortpixel.ai/client/to_auto,q_glossy,ret_img,w_24,h_24/https://preferredcfo.com/wp-content/plugins/social-media-feather/synved-social/image/social/regular/48x48/facebook.png)
![Share on Twitter twitter](https://sp-ao.shortpixel.ai/client/to_auto,q_glossy,ret_img,w_24,h_24/https://preferredcfo.com/wp-content/plugins/social-media-feather/synved-social/image/social/regular/48x48/twitter.png)
![Pin it with Pinterest pinterest](https://sp-ao.shortpixel.ai/client/to_auto,q_glossy,ret_img,w_24,h_24/https://preferredcfo.com/wp-content/plugins/social-media-feather/synved-social/image/social/regular/48x48/pinterest.png)
![Share on Linkedin linkedin](https://sp-ao.shortpixel.ai/client/to_auto,q_glossy,ret_img,w_24,h_24/https://preferredcfo.com/wp-content/plugins/social-media-feather/synved-social/image/social/regular/48x48/linkedin.png)
![Share by email mail](https://sp-ao.shortpixel.ai/client/to_auto,q_glossy,ret_img,w_24,h_24/https://preferredcfo.com/wp-content/plugins/social-media-feather/synved-social/image/social/regular/48x48/mail.png)
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 Human Resources Expert Tom Applegarth Human Resources Expert Preferred CFO HR Outsourcing Fractional HR](https://sp-ao.shortpixel.ai/client/to_auto,q_glossy,ret_img,w_900,h_1200/https://preferredcfo.com/wp-content/uploads/2023/04/Tom-Applegarth.jpg)
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...
Ten Important Accounting Changes in 2024
In 2024, several accounting practices and processes have evolved to adapt to technological advancements and changing regulatory landscapes. These accounting changes and updates are designed to enhance accuracy, efficiency, and compliance in financial reporting. They...
Assertiveness Training for Recruiters
Having spent over 30 years as an HR professional, I’ve seen firsthand the critical role recruiters play in sourcing and selecting top candidates. My experience spans roles such as head of Talent Acquisition for a Fortune 500 company, leading HR for divisions with over...
Get Your Financials in Order Before Applying for a Small Business Loan
This guide will walk you through the essential steps to prepare your finances, ensuring that you present a strong case to lenders, and increasing your chances of approval.
What Does a Chief Financial Officer Do?
Introduction A Chief Financial Officer, or CFO, is a senior executive responsible for managing the financial actions of a company. The CFO's duties include tracking cash flow, financial planning, analyzing the company's financial strengths and weaknesses, and...
Accrual Basis Accounting vs. Cash Basis Accounting – Updated for 2024
Over the years, Preferred CFO has collaborated with a myriad of enterprises. These range from fledgling startups and modest ventures to mid-sized entities or those seeking capital influx. A substantial number of these firms are witnessing robust expansion. Many others...
Compensation Strategy For Your Business and Top Performers
Many companies want to reward their top-performing employees. Increasing the compensation of high performers provides an incentive for them to exceed expectations and continue to excel in their day to day work. Additionally, it makes them less likely to accept...
Top 5 Benefits of Outsourcing Human Resources
Outsourcing has become a popular strategy for businesses looking to streamline operations and maximize efficiency. Outsourcing human resources (HR) can be a great advantage for growing companies trying to manage an expanding employee base. When it comes to managing HR...
Maximizing Shareholder Value through Effective Capital Allocation
Effective capitalization strategies are crucial for businesses to ensure they have the right balance of debt and equity to support their operations, growth, and financial health. Strategic capital allocation is a major factor in ROI improvement and enhancing shareholder value.
Leveraging Financial Ratios to Assess Company Performance
Overview Financial ratios are crucial tools for any business or investor looking to assess the financial health of a company. These ratios provide insights into various aspects of a company's operations, such as liquidity, solvency, profitability, and efficiency....
Exploring Different Financing Options for Business Expansion
Exploring different options for business expansion is essential for companies looking to thrive in today’s dynamic business environment. By expanding their businesses and benchmarking financial performance, entrepreneurs can unlock new opportunities, drive sustainable growth, and achieve their business objectives.
Why Preferred CFO’s HR Solutions Trump Corporate Giants
In the complex terrain of human resources solutions and payroll management, corporate giants like ADP and Paychex are often the go-to for their seemingly comprehensive solutions that cater to businesses of all sizes. Yet, the reality for many clients is a growing...
Business Budgeting Essentials
Crafting and implementing an effective business budget is a dynamic and ongoing process. With a strategic and adaptable budget, businesses can enhance financial stability and pave the way for sustainable growth.
![Share on Facebook Facebook](https://sp-ao.shortpixel.ai/client/to_auto,q_glossy,ret_img,w_24,h_24/https://preferredcfo.com/wp-content/plugins/social-media-feather/synved-social/image/social/regular/48x48/facebook.png)
![Share on Twitter twitter](https://sp-ao.shortpixel.ai/client/to_auto,q_glossy,ret_img,w_24,h_24/https://preferredcfo.com/wp-content/plugins/social-media-feather/synved-social/image/social/regular/48x48/twitter.png)
![Pin it with Pinterest pinterest](https://sp-ao.shortpixel.ai/client/to_auto,q_glossy,ret_img,w_24,h_24/https://preferredcfo.com/wp-content/plugins/social-media-feather/synved-social/image/social/regular/48x48/pinterest.png)
![Share on Linkedin linkedin](https://sp-ao.shortpixel.ai/client/to_auto,q_glossy,ret_img,w_24,h_24/https://preferredcfo.com/wp-content/plugins/social-media-feather/synved-social/image/social/regular/48x48/linkedin.png)
![Share by email mail](https://sp-ao.shortpixel.ai/client/to_auto,q_glossy,ret_img,w_24,h_24/https://preferredcfo.com/wp-content/plugins/social-media-feather/synved-social/image/social/regular/48x48/mail.png)