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Golden Nest Egg- Recruiting Idea

In summary, Heather suggests that people create their own golden nest eggs by hosting parties. This can be done through either selling products or by inviting others to join the party planner's business.
heat123
Silver Member
6,977
Party Plan: The Golden Nest Egg
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
The demographics of party plan
people are varied. While the industry is great for
moms who want to stay at home with their children,
many other groups of people are finding this the
perfect solution for their lifestyles.

As you talk to people in all
?slices? of life, offer them the following benefit
of having their own party plan business: The perfect
Golden Nest Egg.

Companies that offer pension plans
are becoming as extinct as dinosaurs? eggs. So, a
way to grow a retirement income is by holding home
parties. Consider this: By holding one good party
(sales around $500.00) a week, an average consultant
can earn $100.00 per week based on a commission
structure of $25% If she/he does this consistently
? just one a week ? a golden nest egg of $5,200 a
year can be accumulated and invested.

Multiply (even if you?re not a
rabbit) this amount by the number of years until the
average retirement age of 65, and you?ll se a larger
picture of what I?m talking about: A 45-year-old
consultant using this formula would earn
approximately $104,000 to invest in a retirement
program. And, wise investments (consult a
professional for tax advice and investment
information) quickly multiply. Of course, I?m not
putting business expense into the scenario. But I
think you get the picture.

But you could take this further
and, assuming you
paid ten percent income tax on this money, that
would leave you $360 per month to invest. Assuming
you invested in program that brought you a ten
percent return per annum, you'd end up in 20 years
with $273,373 for retirement!

There?s another way to grow a nest
egg: Invite others to join your nest! As you
recruit people into your company, do all you can to
influence, inspire, educate and encourage them;
don?t just sign them up and forget them. Remember, a
hen stays with her eggs to keep them warm until they
hatch.

During the Easter season, while
plastic and candy eggs are plentiful, purchase
several bags of each. Take the plastic egg to your
parties throughout the year (I waited to send
this message until after your seasonal Easter
parties so the message will stand out) and explain
how others can hatch their own businesses and
establish personal nest eggs.
 
great perspectiveHeather, that is a great idea. It's always nice to find different things that may appeal to people. Not everyone does this for the products. (ha) But I am definately going to try to incorporate this into my "recruiting commercial".
Thanks for the idea.:)
 
  • Thread starter
  • #3
OH no, I thought I included that it was from the Lemon Aid Lady. Party planner gal! Just like to share her ideas since I get her newsletters and some of her ideas are intesting to pass on!
 
Thanks for sharing Heather! :)
 

1. What is the "Golden Nest Egg- Recruiting Idea"?

The Golden Nest Egg- Recruiting Idea is a unique approach to recruiting new employees that focuses on incentivizing current employees to refer qualified candidates. This way, the company can tap into the networks and connections of their own employees to find top talent.

2. How does the "Golden Nest Egg- Recruiting Idea" work?

The idea is to offer a significant monetary reward to employees who refer successful candidates. This reward, or "golden nest egg", serves as an incentive for employees to actively seek out and refer potential candidates for job openings within the company.

3. What are the benefits of using the "Golden Nest Egg- Recruiting Idea"?

The main benefit of this approach is that it can lead to a higher quality of candidates being referred. As employees are likely to refer people they know and trust, this can result in a better cultural fit and overall stronger candidates. It also helps to reduce recruitment costs and can improve employee retention as they feel more invested in the hiring process.

4. Are there any potential drawbacks to using the "Golden Nest Egg- Recruiting Idea"?

One potential drawback is that employees may refer friends or family members who are not actually qualified for the job, leading to wasted time and resources in the hiring process. There is also the risk of employees becoming too focused on the monetary reward rather than the best interests of the company.

5. How can a company implement the "Golden Nest Egg- Recruiting Idea" effectively?

To implement this idea effectively, it is important for the company to have a clear and fair policy in place for referrals and rewards. This should include guidelines for who is eligible to participate, the amount of the reward, and the process for referring a candidate. It is also important to regularly communicate and promote the program to employees to keep them engaged and aware of any job openings within the company.

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