HR Bootcamp: Top HR and Payroll Tips for Franchising Vets

Amidst all the details of seeking out and purchasing a franchise, some new military veterans becoming franchisees can forget the importance of Human Resources and their payroll.

Once you think about how important your staff is to the success of your business, though, it’s hard to forget.

Hiring the right people is integral

For starters, you need the right pieces in place to creative maximum efficiency. One small mistake every day can have a large impact on the success of the unit, so it’s crucial to hire the right people for your franchise from Day 1.

As a military veteran, look for the same traits in others that you’ll be managing your franchise with: leadership, respect, and the ability to follow processes. You can also use your excellent leadership skills to train your staff to work as efficiently as possible.

Make sure you appreciate your employees

Saying thank you can go a long way to boosting your bottom line. By showing your franchise you care, it will in turn want to work harder, stay longer, and even go the extra mile when serving customers or clients.

You can also perform regular performance evaluations to give your employees positive and constructive feedback, and reward them for making improvements along the way.

Be sure to outsource your payroll

In the military, multitasking under pressure was a regular occurrence and it’s no different in franchising. However, for some things, such as payroll, it’s better to outsource it so that you free up time to focus on what you do best: leading your business.

Besides this, there are also tight payroll regulations that need to be adhered to, so make sure you take care of your employees and franchise by hiring an experienced professional for this.

Build and grow relationships with franchisor staff

As part of your franchising agreement, you’ll be entitled to a number of services from your franchisor, including legal resources, HR management, and accounting managers.

Don’t wait until a crisis to build a rapport – touch base as soon as possible, and work towards building a supportive relationship so that you can benefit as much as possible when you really need it.

As a military veteran, you command the respect of a nation – but you’ll also command the respect of your staff through mutual respect and understanding.

And your increased business will thank you for it.

To learn more about entrepreneurship through franchising, attend our free monthly webinar, Franchise Ownership as a More Stable Career Path. The webinar is free, but you need to pre-register, which you can do online by clicking on the linked seminar title.

You may also register by calling 866-246-2884.