From Failed Hires to Profit Gains: The Contractor's Guide to HR ROI
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Learn more about People Processes and connect with Rhamy
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â„ą ABOUT THIS EPISODE
Labor is your biggest expense but least understood profit driver. Wade Carpenter sits down with HR expert Rhamy Alejeal to reveal the hidden costs of poor hiring practices that are bleeding your construction business dry.Â
Discover the three critical metrics every contractor must track: turnover rate, time to hire, and time to productivity.Â
Learn why McDonald's takes 21 days to hire a fry cook and 41 days to get them productive - and what that means for your skilled trades.Â
Stop treating your workforce like expensive lawn ornaments and start maximizing your labor ROI.
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⌚️ Key moments in this episode:
- 00:19 Meet Rhamy Alejeal: People Processes
- 02:16 The Importance of Labor Productivity
- 07:04 Key Metrics for Labor Efficiency
- 13:36 Strategies to Improve Hiring and Retention
- 23:03 The Value of Outsourcing HR
- 28:16 Conclusion and Contact Information
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Wade Carpenter, CPA, CGMA | CarpenterCPAs.com
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