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...
6 Reasons SaaS Companies are Choosing Outsourced CFO Services
It’s becoming increasingly common to see companies turning to an outsourced CFO instead of a traditional in-house CFO. This is especially true for the dynamic, high-growth SaaS industry. SaaS companies are finding that outsourced CFOs specializing in SaaS are often...
7 Common Financial Modeling Mistakes
In order to make confident and effective business decisions, company executives need good data. They need to know how the business has performed in the past, where it stands financially right now, and what its prospects are for the future. They also need to be able to...
Basics of Mergers and Acquisitions
There are many reasons why two companies may choose to combine into a single entity. Expanding into new territories, adding technologies, reducing costs, eliminating competition, boosting revenue, and increasing market share are just a few examples. The legal joining...
Questions to Ask Your CPA about Business Tax Strategy
The purpose of a business tax strategy is to maximize income by legally reducing the amount of taxes owed. Because tax laws and government regulations are constantly changing, your tax strategies need to evolve as well. A Certified Public Accountant (CPA) is a tax...
What is the Difference Between a Controller and CFO?
One of the questions we get asked most frequently about financial roles and responsibilities is "What is the difference between a Controller and a CFO? These titles are used frequently--and often interchangeably--in the business world. However, despite the roles...
What to Expect During Due Diligence
Due diligence is the evaluation process used to inform decisions about business opportunities, such as a merger, acquisition, privatization, investment, or other financial transaction. During due diligence, the interested party will request documents, explanations,...
9 Business Finance Lessons We Learned from 2020
If there’s one thing we learned in 2020, it’s that change can happen—and it can come quickly, fiercely, and unexpectedly. In 2020, businesses were met with challenges they could never have predicted, and many had to shut their doors for good. Still others were...
What is an Outsourced Financial Controller?
An outsourced financial controller is a financial expert who helps keep your books up-to-date. They also provide financial reporting and information in a timely manner, and provide outsourced CFO expertise where companies are in need. Controllers can be in-house or...
Comptroller vs Controller Explained
The terms “controller” and “comptroller,” as well as the positions they define, may seem strikingly similar. Indeed, the word “comptroller” is believed to stem from a 15th Century misspelling of “controller.” However, despite the similarity in titles and functions,...
6 Signs You May Need a Financial System Upgrade
How often do you reevaluate your financial management system? For most organizations, the answer is not very often. After all, the ultimate point of a financial system is to put it in place, then rely on it and the people who contribute to it to help things run...
How to Choose an ERP System for Your Business
As companies grow and their operations become more complex, they tend to outgrow their existing software. Expanding business units or segments tend to become more independent over time. This makes interdepartmental communications and resource allocation more difficult...
Variable Costs, Fixed Costs, Total Costs: How Do They Differ?
Nearly every business has both fixed and variable costs. To ensure that your business remains fiscally solvent and profitable, it is important to understand the different types of costs and how to manage them. In general, variable costs relate to the number of items...
