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As a founder of a startup, reading posts like that make me sad. In the imaginary world I live in , tough times a company is going through are triggering employe

• realPubkey 9y ago
  I would never give up promised benefits because the company is struggeling. Because I know exactly what happens to my salary when the company is successfull again: nothing.
• realPubkey 9y ago
  I would never give up promised benefits because the company is struggeling. Because I know exactly what happens to my salary when the company is successfull again: nothing.
• confluence 9y ago
  As an employee of a company, I'm paid salary for my time. I'll take a pay cut for more equity if I want it, not for nothing. If I take risk, I get rewarded with ownership, but if I'm paid cash, why do I honestly care what happens to a company. This isn't some fairytale, we're all here to get paid, and employees​ aren't your buffer for bad cash flow management, that's the responsibility of owners and management.
  • brianwawok 9y ago
    Blaming management make it sound like you have never owned a company. When cash is getting low two choices. Paycuts or firings. Pros and cons to both. In the OP sounds like they arent that drastic yet. Just no raises. Seems not that dire all things considered.
    • confluence 9y ago
      Not holding management responsible makes me think you might have owned a company. Let me spell out the compact that undergirds capitalism: employees don't take risks and are paid a constant stream of cash, owner's do take risk, and it is up to them to ensure there is enough capital buffer to meet their constant stream obligations. Employees do the work, management/owners ensure they get paid.
      • sokoloff 9y ago
        From what I read, throwaway-sc is being paid 100% of salary. They're just not being paid 103.5% of salary after a raise that's been deferred. While there are certainly things to worry about, this is not a case of employees not being paid.
        • confluence 9y ago
          Funny thing is that salary changes with a raise, so technically they'd be < 100% of their promised benefits after July, and past that, who knows?
      • brianwawok 9y ago
        Ok so you are argued that OP or one of his coworkers should be fired, so OP can get his 3% raise. And on top of that, his workload now went up 10%, as there are less people to do the work. Got it. Sounds like good decision making.
• dunkelsten 9y ago
  I'm a founder too and had a story similar to yours. There's much more to working at a company than cash and equity: Learning fast, good people around you, climbing up the career ladder much faster, freedom and autonomy. It's just when you've got neither of these perks that you should start searching - because if you don't have that side either, you could as well go to a high paying corporate job. And then I'm on the side of the employees: Loyalty is important, but it's not a one-way street.
• umanwizard 9y ago
  Why should non-owners give a shit about the organization? Only because you pay them to. If you can't pay them competitively anymore, guess what?
• jawns 9y ago
  If you really value people not abandoning ship during a crisis, do you know what you do? Have them sign a contract for a specific length of time so they are no longer at-will employees, and compensate them accordingly, because that loyalty to your company has an opportunity cost to them. If loyalty during a crisis is valuable to your business but you do not intend to compensate people for that loyalty, do you know what that's called? Exploitation. If you really don't feel like loyalty is something to be bought or sold, then you'd better make sure that whatever voluntary loyalty you expect from your employees is reciprocated by you, the employer. Like, assurances that layoffs are off the table, etc. But even that's not ideal, because it could put you in a position where you have to sacrifice the business rather than go back on your word.
• gorbachev 9y ago
  A vast, vast majority of companies do not think twice of getting rid of their loyal workers when it's beneficial to the company. Anyone who's been laid off will know this.
• ghettoimp 9y ago
  If you love working at a company so much that "giving up 20% of your salary and working your ass off" for years is really what you want to do, then I guess that's your call. But I don't really understand it. There are so many good places to work, being paid what I'm worth at a different place seems like a better deal.
• pavel_lishin 9y ago
  > I work hard to create a sense of commitment and loyalty in my current start up I work hard to feed my family. I can't give my baby a bottle of loyalty before she goes to bed. How loyal are you to your employees? If they come to you and say, "sorry, I can only work four days a week from now on, but I want you to keep paying me the same" - would you willingly give up 20% of your employees' time simply because of being loyal and caring for the organization?
• new299 9y ago
  It's unfortunate that you're being downvoted. Not because I agree with you, I don't in the least. However, understanding the mindset of startup CEOs is interesting. Particularly the mindset of the minority of CEOs who are able to raise money (again, not saying I agree, but VCs select for particular personality types). But, I doubt the majority of the workforce (even the really good motivated people) out there agree with you. The level of commitment you're talking about isn't what I'd expect form an employee. It's more what I'd expect from a cofounder.
• tluyben2 9y ago
  If the owners explain things clearly, lay out the options and make me a significant shareholder (over 5%), then I would think about it, but otherwise this is a strange idea in my opinion. Why would you suffer if, when there is upside, you 'only' get the salary you were (contractually) entitled to all along? If someone wants me to work for free/less and there is a risk of the company going under before any gain, I would like to see significant compensation in shares (like 10* a market-conform salary minus the salary I get); what is the point otherwise. If you are a (co-)founder or owner then I would say it's something completely different; you believe in it so buckle up. But I know many who do not agree with that either.
• DanHulton 9y ago
  As an employee, reading posts like yours makes me sad. In the very real world that I live in, people get paid by their employers a rate they negotiate before employment begins, and use that money and the benefits provided to support themselves and their families. Loyalty always seems to flow upwards in companies like you describe, where employees are expected to sacrifice during the hard times, but the company doesn't reciprocate during the good times. I work hard in my job to fulfill the requirements I agreed to during the negotiation, but if the company can't or won't hold up it's end of the bargain, expecting me to continue to do so without compensation is just predatory behavior. This is the business world, and the employer-employee relationship is a business relationship. Anyone who tells you otherwise is usually trying to take advantage of you.
• romanovcode 9y ago
  99% of the startups are not loyal to their employees. Why would employees be loyal to the startups?