Are you struggling to find and retain top talent for your small business? Are you frustrated and overwhelmed with the constant turnover in your business, spending valuable time and resources on hiring and training only to have employees leave shortly after?
In this episode of the Profit with Law podcast, you'll hear an insightful conversation with Moshe Amsel and Sid Upadhyay, the CEO of WizeHire, a platform that aims to revolutionize the hiring process for small businesses. Sid shares his expertise on the importance of effective onboarding and the challenges that entrepreneurs face in finding and retaining talent. He highlights the value of WizeHire's customizable onboarding processes and their commitment to supporting businesses throughout the entire employee lifecycle. Whether you're a small business owner looking to improve your hiring practices or simply interested in the topic, this episode offers valuable insights and strategies to help you scale and thrive.
Don't miss out on this opportunity to learn from Sid's expertise and take your hiring practices to the next level!
Once you recognize the need to expand your team, the surrounding support system of more people is essential. It's the secret ingredient that will get your business growing and help you reach multimillion-dollar revenue levels. - Moshe Amsel
In this episode, you will be able to:
Streamlined hiring process
Proper hiring management is a significant factor in driving successful team building and business growth. To this end, Sid Upadhyay discusses the benefits of WizeHire, which automates and streamlines the hiring process for firms. The use of this platform can enable continuous availability of potential candidates, even when not actively hiring, which in turn allows businesses to capitalize on unexpected talents and opportunities.
AI in hiring
Artificial Intelligence (AI) is becoming increasingly prevalent in aiding hiring practices. Sid Upadhyay illustrates how AI can proficiently vet applicants, filter out unsuitable candidates, and greatly expedite the initial stages of hiring. However, he also underscores the importance of human involvement and context in the final decision-making process, ensuring that qualities outside of strict criteria are also considered.
Effective onboarding is crucial in setting the tone for an employee's entire employment tenure with a firm. According to Sid Upadhyay, providing clear expectations, roles, and support from the outset can result in a more aligned and productive workplace. WizeHire can facilitate this by providing a customizable and comprehensive onboarding process that addresses all vital elements without missing any detail.
[00:00] Introduction to Hiring
Moshe Amsel introduces the topic of hiring and growing a team as the key to growing a law firm. He emphasizes the importance of recognizing that as a lawyer, you are not your business, and hiring additional attorneys allows for exponential growth.
[04:19] Introduction to Sid
Sid Upadhyay shares his background and how he co-founded WizeHire. He explains that their passion lies in helping small businesses and improving the hiring process for mainstream companies, ultimately making a positive impact on communities.
[06:56] Overview of WizeHire's Services
Moshe provides an overview of WizeHire's services, including their flat monthly fee and ability to post job listings on multiple job boards. He highlights the features of the tool, such as the hiring process management board and the DISC assessment for applicants.
[14:16] Streamlining Onboarding and Compliance
Sid discusses the benefits of WizeHire's offer letter templates, which help simplify the compliance and legal burden of onboarding new hires. They also mention future plans to expand into payroll and insurance to improve the overall employee experience.
[15:31] Importance of Effective Onboarding
Moshe highlights the importance of a solid onboarding process in shaping the employee's experience and long-term success within a company. They emphasize the need for clear communication, role clarity, and providing a supportive environment during the first 90 days.
[20:49] Addressing Turnover and Employee Retention
Moshe discusses the challenge of turnover and the negative impact it can have on a business. They highlight how a positive onboarding experience can contribute to high employee retention, preventing them from accepting better offers elsewhere.
[27:11] Using Artificial Intelligence in Hiring
Moshe and Sid discuss the benefits of using artificial intelligence in the hiring process, such as vetting applicants based on specific criteria. This technology can help filter out unqualified candidates and streamline the initial screening process. However, they emphasize the importance of providing context and not making automatic rejection decisions. The goal is to assist the hiring process, not replace human decision-making.
[32:30] Hiring Expertise and Standardizing the Process
Sid advises small business owners to seek advice from other business owners and experts when hiring for technical or skilled roles. They also emphasize the importance of standardizing the hiring process, using project-based interviews and skill-based assessments. Bringing in experts to interview for these roles can also ensure a higher quality of hire.
[35:08] Overcoming the Fear of Failure in Hiring
Moshe encourages small business owners not to be afraid of hiring and to recognize that it is a learning process. Just like any other skill, hiring and leading will improve with time and experience.
[40:18] The Importance of Being Prepared for Hiring
Being prepared with a hiring system is crucial to avoid missing out on qualified candidates and to ensure a smooth hiring process. Businesses need to shift their mindset and be open to hiring even when not actively looking, as bringing on talented individuals can create new opportunities for the business.
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Connect with Sid Upadhyay: LinkedIn
Take advantage of the exclusive discount offered by WizeHire for Profit with Law listeners.
From growing up in his family’s hotel business to writing the original code for Wizehire in 2014, Sid Upadhyay has been a proud member of the small and growing business community his entire life. Which is why, after developing exclusive evaluation tools and technology for Fortune 500 companies with Wizehire Co-founder Jay Niblick, he made it his mission to make innovative, best-in-class hiring and recruiting solutions accessible to all.
As Wizehire’s reach has expanded, it’s become known for its purpose-fueled company culture—earning spots on Inc.’s 5000 and Best Workplaces lists. Now Wizehire serves more than 18,000 businesses and has 130+ employees, making it the fastest growing great place to work helping great businesses grow.
Sid holds a B.S. in statistics from the University of Texas at Austin. He lives in Houston where he is an avid home chef to his wife and their wheaton terrier poodle mix, Pippa.
Connect with Sid Upadhyay on LinkedIn.
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