What is normal? A great question to ponder as in the business world change is always around the corner. Perhaps not at the level of a global pandemic, but change is something necessary to navigate all the time. When something like a crisis hits one thing is for sure, there [...]
Recruiting and retaining the best talent for your organization does not necessarily revolve around the compensation package itself. Employers need to be strategic and innovative in building packages that motivate the candidate to consider the offer. Considering things outside of the salary and bonus norm and communicating is critical. In [...]
As of July 2021, the lifetime exemption is $11.7M per person and $23.4M per married couple. However, we expect a significant reduction in the lifetime exemption due to President Biden's tax proposals, if not this year, then no later than December 31, 2025. As a result, common questions we are hearing are: How will [...]
When it comes to creating compensation packages to recruit key talent, thinking out of the box is essential. The competition for top talent is extremely high and salary/bonuses are not always the deal winner. Dealers are not just competing with other dealers for talent; they are also competing with employers [...]
As we talk with dealers across the country, recruiting is a high priority; everyone is looking for talent. We are often asked, is it better to develop from within (internally recruit) or look to the outside (externally recruit). And our answer is, it depends on your situation. I know, probably not [...]
2020 and so far in 2021, has forced us all to think differently as a result of the COVID-19 Pandemic. We all were forced to operate differently from our norm, which results in changing perspectives. Employees' and customers' mindsets have changed which means it is essential for leaders and owners [...]
As it relates to recruitment, you can’t believe everything thing everyone is selling, the people you are interviewing sell cars for a living; so they can certainly sell themselves. In this episode of the " Innovative Recruiting and Retention Strategies to Land Top Talent" discussion series The Rawls Group's succession [...]
Regardless of the scenario, it is always best to communicate what you know, even if you do not have the answers. It is OK to not have the response tied up in a pretty bow or have all the answers to the questions being asked. However, where you can really [...]
The unknown is unpredictable and unavoidable. However, you can protect your business from an operational perspective in some very simple ways. One of the most critical components revolves around communication. Clear, open, and consistent communications with clients, customers, and employees help to keep rumors and uncertainties to a minimum while [...]
People are our biggest asset and we often talk about the costs of turnover to an organization. However, when COVID-19 hit the stage it forced dealers to take a critical look at the roles and responsibilities within their business. This look is forcing many dealers to carefully evaluate staffing levels [...]
