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Thrivetime Show | Business School without the BS

How to Know the True Cost of Employees - Ask Clay Anything

Thrivetime Show | Business School without the BS

Clay Clark

Business, Entrepreneurship

4.71.5K Ratings

🗓️ 19 August 2018

⏱️ 26 minutes

🧾️ Download transcript

Summary

What does it truly cost to hire an employee? During this episode Paul Hood and Clay Clark the guys break down the true and hidden costs involved in hiring real employees in America during this time in history on the planet Earth.

Transcript

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0:00.0

And now back to the business coach radio show that has a diary.

0:06.7

Call the Guinness Book of World Records. The city was big lies. Started from the bottom, now we're at the top.

0:13.9

Teaching the systems to give what we got.

0:16.6

Colton Dixon's on the hooks.

0:18.2

I break down the books.

0:19.6

See's bringing some wisdom and the good looks.

0:22.0

As the father of five, that's why I'm alive so if you see my wife

0:25.7

and kids please tell them high it's the c and see up on your radio and now three two

0:30.9

one here we go we started from the bottom now we're

0:35.0

started from the bottom

0:37.2

All Thrive Nation do you have employees?

0:40.6

Do you have visions of someday having employees? Do you have a team of people that you pay?

0:45.4

Eventually you're going to have to move beyond the game of having contractors and

0:50.2

the game of hiring friends and family and paying them cash under the table which is not legal.

0:55.6

You're going to have to actually hire employees.

0:58.4

And when you do hire employees, the cost of hiring employees is significantly higher than most people think it is.

1:07.0

That's why on today's show I'm bringing on CPA, the certified public accountant to Mr Paul Hood with me,

1:13.6

so we're going to really get into the weeds, really into the details

1:16.4

and all the hidden costs related to hiring employees.

1:20.1

How much does it actually cost?

1:21.7

I mean, how much does it truly cost to hire an employee?

1:25.0

What is the true cost of hiring an employee today in America?

...

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