| Greetings, Andrew. Here is your personal newsletter for May 23, 2008. |
| Franchot & Associates Announcements |
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| The Long Term Impact of Making the Right Hire |
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"A" Players can produce 130% Better Results
Hiring the Wrong Person Can Cost up to 24 Times the Annual Compensation
We often talk about the importance of fit and chemistry in making a successful hire. We also all know intuitively that competence is the other really important factor in hiring success. In our case, we typically emphasize the fit and chemistry issue and are more implicit about the competence issue. There is good reason for this given that even the most competent person will under perform, if not outright fail, if he doesn't fit into the organization.
Click "Full Article" to read the statistics... |
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| Search Spotlight |
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We are highlighting a small selection of searches for excellent companies. If you have a personal interest or know someone that may have the experience, please contact us immediately.
President - strong sales management skills and general management experience are required. Success in leading an indepdendent rep or contractor sales organization is highly desired.
Global Supply Chain Manager - highly visible and high level of purchasing authority at this international company. This position translates to Director/VP title in many companies.
We regularly have searches for leadership positions in a variety of industries, including corporate, non-profit, academic and government sectors. We welcome the resumes of successful leaders for full time and interim positions in Marketing, Sales, Operations, Finance, Development and General Management (corp and non-profit). Please submit resumes to peggy@franchotassociates.com. |
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| Executive Compensation: What Are IRS Auditors Looking For? |
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When the IRS audits a publicly traded corporation, one of the areas that examiners scrutinize is executive compensation, especially when it is in excess of $1 million annually. From an internal IRS guide, here are the questions that auditors are instructed to ask corporations in an initial interview when they are looking to narrow the focus of the documents they request. |
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| Employee Reviews Are Opportunities You Should Not Miss |
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Annual employee reviews sometimes get a bad rap. They can be time-consuming, distracting, and may require supervisors to confront problems they would rather avoid. But if handled properly, annual reviews can provide opportunities for both sides to improve performance. Here are six steps to consider in the process. |
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| Getting a Fast Start on Business Deductions |
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If you are the owner of a start-up business, or your version of the American dream is to open a new venture and be your own boss, the tax code may provide assistance. Uncle Sam encourages entrepreneurship by allowing quick deduction of certain expenses. Find out more by reading the "Full Article." |
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| 'Frivolous' Tax Arguments That Uncle Sam Will Not Accept |
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It happens every year. Around the time that tax returns come due, some people start rolling out arguments that they are not legally required to pay taxes -- or they claim they don't have to pay taxes on moral or ethical grounds. Do these arguments ever work? Click "Full Article" for a list of frivolous positions that the IRS and the courts have routinely rejected with stiff penalties. |
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| Businesses Fight New Gun Law in Florida |
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A new "guns at work" law in Florida threatens employee safety. That's one of the contentions business groups in Florida are making in fighting a new law permitting employees to keep weapons locked in their motor vehicles in their employer's parking lot. A law less onerous for employers just got approved in Georgia. What can employers do to protect against guns in the workplace? For answers, click "Full Article."
Copyright © 2009 |
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| Exit Interviews can be Critical |
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An important protection from legal action by a departing employee is to adopt an Exit Interview policy. Click "Full Article" for the advantages.
Copyright © 2009 |
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| Minimize 'Lookism' in the Workplace |
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Courts make “lookism” — discrimination against people because of their appearance — grounds for illegal discrimination. Click “Full Article” for five steps to minimize your risks.
Copyright © 2009 |
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