Transparency.
This company I used to work with had a monthly townhall where everyone could learn how things were going (good or bad), long term and short term plans, and so forth.And during a downturn in 2020, things went badly, and there was open and honest information about it all. To paraphrase: “We cannot say now that there won’t be layoffs. But we will do everything we can to avoid it through other cost saving measures. This includes cutting executive pay by 20% as of immediately.” While there ended up being layoffs (which included severance packages), the pay cuts never hit any of us working “on the floor” - top brass only.
Overall, it was a company I enjoyed working for. Sadly they were acquired by a competitor last year, and that business culture came to an end. I left for greener pastures a few months ago.
That sounds like a good employer with some reasonable management. What industry was that, if you don’t mind me asking?
Offshore seismic survey
Thx
Ha, that is quite niche
Screw the specialists and never hire again in your lifetime, because most of them know each other right?
Pretty much, yeah. I’m now in the fourth such company, working with people I worked with in the previous two. I’m working on convincing a colleague I first worked with in 2008 to come on over.
Basically, it’s a small pool of people who know the stuff well. We change employers now and then, but you always run into a familiar face in far corners of the world.
Be competent at what your company actually does (as opposed to viewing everything through spreadsheets). View people as assets not as cost factors. See it as your job to empower your employees to do what they’re good at. Have a long term perspective of how you want to develop the company and what you see as success factors (as opposed to just staring at quarterly numbers). tl;dr: don’t be an MBA.
look up a guy named Dan Price. Dude saw his Ice Cream company failing and chose to slash his pay exponentially to offer living wages and benefits to everyone else, and business fucking boomed for it. There are literal chapters in economics textbooks about what he did.
Unfortunately, that dude was relatively recently charged with SA allegations / rape.
His wife also accused him of beating her.
I believe charges were dropped but it definitely cast a shadow over his public good guy persona.
It speaks a lot about the justice system fairness that even if charges dropped no one believes it.
Typically I agree but I believe this was repeat allegations from multiple parties. If it was only one person and it was dropped, maybe he deserves the benefit of the doubt. But fool me twice, shame on me.
That part is less about the justice system and more a likely triangulation of him probably being not so great, at best. Plenty of people got charges dropped or “redeemed” on a technicality who are definitely guilty.
Here’s a NYT article about the allegations, pretty disturbing stuff. If you’re not aware, coming forward with charges like this is incredibly difficult, and traumatizing. So the fact that so many women came forward against him, is not something so easily dismissed. Much like with drumpf, when there’s this much smoke, you don’t have to speculate about the presence of fire anymore.
The best CEOs I’ve seen (across all sizes of corporations) have a passion for the product/services they sell and the customers they sell to.
