3 ms·
We have plenty of money in the bank and our company is profitable. I’ve employed over 100 people during our 13 years of business. Not once have I ever had an em
by Ken_At_EM 4y ago
We have plenty of money in the bank and our company is profitable. I’ve employed over 100 people during our 13 years of business. Not once have I ever had an employee say “hey man, I noticed you guys have more than the bare minimum level of working capital in the bank! How about you give me some?” Never.
If you were telling everyone you were broke, asking them to believe in the mission and endure low pay for the cause, and then it leaks out that you have plenty of cash, then yeah, I can see this question coming up.
- sasquatch69 4y agoMy team is all well compensated, above top 5 US metro average, full remote and all highly technical. It's surprising to me that out of 100 people no one asked for a raise after seeing a pool of money, although there's a lot of industries and types of employees out there. It's a smart thing to do from the employee perspective-- I would do the same in their shoes, I don't hold it against them, I'm actually a big fan of ambitious employees, and I've granted their requests (maybe not the full value of their ask, but at least part) every time. Your mileage may vary.
- Ken_At_EM 4y agoI just don’t understand that point of view. Why aren’t employees at Apple asking for a piece of their massive cash horde? If the only thing keeping an employee from asking or demanding they be given some of the companies property is the knowledge that property exists then you probably don’t want them in your company.
- sasquatch69 4y agoThey don't frame it as “hey man, I noticed you guys have more than the bare minimum level of working capital in the bank! How about you give me some?” It's a "coincidence" that occurs a short time period after seeing the information.