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Labor Pool Pt. 12

Labor Pool | Attracting, Retaining & Optimizing Your Workforce Your cousin needs a job and just graduated high school—so you make them accounts receivable and walk away. Sound familiar? In this essential panel discussion, we tackle the workforce mistakes that sink small businesses and the strategies that build winning teams. What You'll Learn: Why hiring without a job description is "setting yourself up for failure" The 1099 vs W-2 trap: "You don't get to decide whether someone is an independent contractor—the IRS does" The true cost of an employee: That $50K salary is really $62-70K Key person life insurance: What happens when the person who "keeps the lights on" is gone? Split dollar plans explained: The Jim Harbaugh/Michigan model for retaining top talent Operating agreements: Your "business prenup" for when partnerships go wrong Remote worker compliance: Why you may need to register as an employer in THEIR state Creative compensation on a budget: Flexible hours, wellness perks, lunch-and-learns The 6-month cash reserve rule before hiring AI in the workplace: Why you NEED an AI usage policy NOW SOPs (Standard Operating Procedures): Write it down or it doesn't exist Featured Panelists: Brian Levy – Employment Attorney, Treaty Oak Employment Law Elizabeth (Robin Quinnen) – Partner, Robin Glenn Life Insurance Solutions & Executive Benefits Jennifer Larson – Financial Advisor, Fee-Based Financial Planning Bill Thompson, Associate Director – Texas State SBDC Moderated by Dr. Jana Minifie, Certified Business Valuator Key Takeaways: 💡 "Everybody's an employee unless you can prove that they're not." 💡 "If you don't write down your policies, they don't exist." 💡 "Know your numbers—it doesn't matter if they're low or you're disappointed, you need to know them." 💡 "Protect your assets. What exposure can you minimize?"