5 ms·
This is a common refrain, but I doubt many who say have actually actual experience as an employer. In many businesses the inability to staff leads to existentia
by dcolkitt 5y ago
This is a common refrain, but I doubt many who say have actually actual experience as an employer. In many businesses the inability to staff leads to existential threat to the entire business.
If you're a restaurant and can't seat customers or a SaaS startup and can't keep your service uptime, you'll go out of business very quickly. That represents millions in enterprise value. In contrast an employer who gets fired, but is otherwise competent, might be looking at a few weeks of unemployment and a couple thousand in lost income.
- civilized 5y agoIf the business is run sensibly and isn't hemorrhaging a large percentage of its workers, not hiring just means delayed growth, not an existential threat.
- josephcsible 5y agoGovernmental meddling since last March has caused a lot of businesses to hemorrhage a large percentage of their workers even though they were run sensibly.
- neilwilson 5y agoA business has no right to exist. If you want staff, pay the rate or close. Or automate/improve your processes. We need businesses in an economy, not any particular business.
- csa 5y agoI have seen many employers who look for unicorns rather than using optimal stopping (https://en.m.wikipedia.org/wiki/Optimal_stopping https://en.m.wikipedia.org/wiki/Optimal_stopping) for positions that are more flywheel multiplier positions rather than existential positions. In the long term, it rarely leads to the death of their business, but it substantially lowers the quality of life of most/all of those working in the business.