Peanuts to Profits With Thor Schrock
Peanuts to Profits With Thor Schrock

Schrock Innovations announced today that Tim Meyer has been hired to assist in the development of the company’s growing web services division.

Tim had been working with Schrock for the past several months as a contractor, but earned a permanent position with the organization after demonstrating mastery of a wide range of skills.

“It is really rare to find a single person who can do it all,” Thor Schrock, CEO of Schrock Innovations said. “Tim can code with the best of them, crack a quick graphic when he needs to and still have time to return calls, assist clients, and keep everything rolling.”

Schrock Innovations is pursuing an intense web development schedule in 2011 that includes items such as:

• Development of video tutorial products
• Beta testing a new work flow management system
• Aggressively pursuing local hosting clients who are being undeserved
• Increasing the frequency and quality of communications with existing clients
• Refining Schrock’s existing web design packages to improve service levels

Welcome aboard Tim! You have a lot of work to do 🙂

Schrock Innovations had an amazing 2009 in Lincoln and we need another technician to continue building on that success.

We posted an advertisement on Craigslist, and we ask that qualified candidates please apply on our website rather than in person or calling by phone.

What are we looking for?

We need a technician that is proficient with PC and Mac troubleshooting who can work alone in the field or in the service center as part of a team.

We are expanding our on-site hours to include weekends. We have also taken on a umber of corporate clients in Lincon and Omaha who use Mac and we need more than one technician on staff to handle the workload.

We need a tech who already knows troubleshooting and is experienced with all versions of Windows and Mac OS. Of course we will train on Schrock procedures, but we need someone who has the skills to do the job on day one for this position.

Every day in the news you hear more bad news about the economy, but great news about your 401-k value. How does this contradiction translate into opportunity for your business?

Easy.

You can hire the best talent available in the marketplace on a contract basis because people are out of work and they will be for some time.

If you hire clearly overqualified people, they will simply take your position until something better comes along.

Instead, hire the people you need on a contract basis. The differences between contract employees and regular employees are subtle (but important).

Most importantly it opens up a door of opportunity that can help your small business get the talent it needs to grow. Eventually you might grow to a point where you can permanently hire your contract help!

How can the stock market keep going up if the economy is tanking?

Remember that stock values are based on company profits and activities. The economy on the other hand, is primarily driven by individual consumers.

Companies can generate huge profits by reducing the number of people they employ, as long as they can manage to somehow continue delivering their products and services with their remaining workforce.

Experts often cite recessions as times when employee productivity goes through the roof. Employee productivity goes up because a company’s remaining staff must pick up the workload of the laid-off employees or face the chopping block themselves.

Fewer people doing more than ever is a recipe for business profits, and hence the stock market does well. On the other hand there are tons of highly trained and qualified people who are stuck on the sidelines polishing their resumes.

Turning on the 1099 Tap

With so many people out of work for such a long period of time, the small business owner has a unique opportunity to leverage talent they otherwise could not afford.

When you hire someone to help your company you can bring them on as an employee or you can hire them as a temporary contractor. There are certain advantages and disadvantages to each:

Regular Employees:

1. Advantage – You control their every activity
2. Advantage – You invest in their training and development to make them more productive
3. Advantage – The employee relies on you as their main income source
4. Disadvantage – You are responsible for benefits, including unemployment payments if things don’t work out
5. Disadvantage – Over-qualified people might take your under-paying position to tide them over while their resume circulates in higher-paying circles
6. Disadvantage – Employees come with HR nightmares like paid time off, sick days, maternity leave, office politics, and government compliance regulations

Contract Employees

1. Advantage – You tell them what needs to be accomplished, and they make it happen
2. Advantage – Lack of a regimented management structure can sometimes lead to better results and new ideas
3. Advantage – Contract employees are less expensive because you don’t have to worry about benefit packages, overtime, or payroll taxes
4. Disadvantage – Contract employees are like for-hire mercenaries. They can work for anyone, including your competitors
5. Disadvantage – Contract employees are typically less committed to big-picture corporate goals
6. Disadvantage – You can’t control them. If you have control and direction of their activities you have to pay taxes on them as regular employees

Using Contractors to Grow

From time to time my company has used contractors as gateway labor when launching a new division, testing out a new product or service, or simply when we could not hire an employee at an agreeable rate.

Eventually, all contract relationships end – abruptly. Typically, the best you can hope for is a 30-day notice provision in your contract.

While that sounds better than a voluntary 2-weeks notice form a regular employee, it can be devastating to lose a key person in the infancy of a product.

Employees are typically more loyal to the corporate goals, so the odds of them seeing a project through to a transition point are typically better.

Once your product, division, or service is viable, transition your contractors to employee status, or replace them with qualified people. Whenever possible, have the new employees train under the contractor.

Opportunity is Everywhere – Even in Bad Times

No matter how you decide to find your people, know taht the “bad economy” has created a pool of very talented labor that can be a game-changer in your business strategy.

All you have to do is know how to tap it affordably and control its growth to cash in.

We are within days of opening our new Service Center and we need another full-time technician to ensure our customers receive the service they expect. You can apply online for the position on the Schrock Innovations Website.

We are looking for a computer technician with insane customer service skills. We understand those combinations are rare, so we are willing to pay accordingly to get the right addition to our staff. The person filling this position will be expected to:

* Work one-on-one with customers in their homes to solve computer problems
* Computer Repair in our Lincoln Service Center
* Help Customers over the phone and through the Schrock Desk
* Assist Walk-in Customers
* Conduct Advanced Data Recovery Procedures on Failed Devices
* Go above and Beyond under all circumstances to ensure our promise of insane customer service