Who to Hire and What to Pay to Keep Your Building Company Profitable


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Oct 31 2024 26 mins  

Struggling to grow your building company without stretching your budget? In this episode, Owen and Vinnie break down a proven hiring roadmap designed to keep your construction business profitable. Discover the 3 levels of hires you need as your company scales, what to pay them to keep your business financially healthy, and how to avoid common hiring mistakes. Plus, get access to free, ready-to-use job descriptions to streamline your hiring process.

Highlights:

  • 0:00 - Introduction
    Why hiring right matters for sustainable growth and profitability.
  • 1:39 - Key principles for hiring at each growth stage
    How to strategically bring on the right people at the right time.
  • 4:39 - Understanding the 3 hiring levels
    Know the difference between entry-level hires, skilled specialists, and leadership roles to avoid over- or under-staffing.
  • 10:07 - Level 1: Foundational hires
    Who to bring on first to support basic operations and free up your time.
  • 10:54 - Level 2: Filling skill gaps
    Essential hires for low-fun, high-skill tasks that you don’t have time for, but are crucial for scaling.
  • 16:29 - Level 3: Building a marketing team that delivers
    Why marketing-focused hires are essential for consistent lead flow and business growth.
  • 18:38 - Pay strategies that keep your hires productive and motivated
    Competitive pay without overspending. Learn what top-performing builders pay their team members at each level.
  • 20:32 - Avoid percentage-based compensation pitfalls
    Why paying a percentage of P&L can backfire, and what to consider instead.
  • 21:27 - Think packages, not just payslips
    Discover how offering the right benefits can attract quality hires and reduce turnover.
  • 25:03 - Free job descriptions for every role
    Access downloadable job descriptions to kickstart your hiring process.



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