3 ms·

I have had more than 10 jobs in my life - big companies, small companies, even a non profit. The one common thing in these jobs? Firing at will, with zero thoug

by akudha 3y ago

I have had more than 10 jobs in my life - big companies, small companies, even a non profit. The one common thing in these jobs? Firing at will, with zero thought for anything other than saving a penny. Same story among the people I know. Many small businesses (and small business owners like myself) do want to build a team and take care of the team Sure such places exist, but are they the majority? Some people get lucky to work for such companies, I'd guess most of humanity is just not that lucky.

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atonse 3y ago
Exactly, and even my company, we have had to let go of people because we couldn't afford to keep them. Loyalty doesn't enter into the equation, in many cases these are people you genuinely enjoy working with. But it's more about, can you afford to keep the staff you have or not? What do you do for the health of the company (and the employment of the people that remain)? It doesn't just have to be a dichotomy between "cold-hearted" or "loyal" – sometimes you just can't afford it and don't have a choice if you want to keep yourself and others employed. I will agree strongly that in my interactions with dozens of small businesses, the way we do (and want to do) business is in the minority. There was once a phone call with a small business to explore a partnership and I messaged my exec team on slack "I don't like how ___ lied about something as small as ____, don't really want to get into a partnership with businesses that have such red flags" – but that is sadly too common. Call me naive, but I have to feel satisfied at the end of the day that we tried our best to do the right thing in our little corner, even if that limited our growth (and it certainly has).
- maerF0x0 3y ago
  Letting folks go is IMO far superior to defaulting on Payroll. Under the current system employees are fronting 2ish weeks of time to their employers and risking not actually being paid. IMO because financial systems are so much more robust we should be moving to either a daily pay or even a prepay model. But likely that would take regulation because it doesn't benefit the decision makers. Additionally the status quo is such that the employer is earning interest on a pay period worth of capital, while the employee is eating the inflation on it. A spread of about 4 interest + 4 inflation = 8%

by akudha 3y ago

deleted 3y ago

[deleted]

atonse 3y ago

Exactly, and even my company, we have had to let go of people because we couldn't afford to keep them. Loyalty doesn't enter into the equation, in many cases these are people you genuinely enjoy working with. But it's more about, can you afford to keep the staff you have or not? What do you do for the health of the company (and the employment of the people that remain)? It doesn't just have to be a dichotomy between "cold-hearted" or "loyal" – sometimes you just can't afford it and don't have a choice if you want to keep yourself and others employed. I will agree strongly that in my interactions with dozens of small businesses, the way we do (and want to do) business is in the minority. There was once a phone call with a small business to explore a partnership and I messaged my exec team on slack "I don't like how ___ lied about something as small as ____, don't really want to get into a partnership with businesses that have such red flags" – but that is sadly too common. Call me naive, but I have to feel satisfied at the end of the day that we tried our best to do the right thing in our little corner, even if that limited our growth (and it certainly has).

maerF0x0 3y ago
Letting folks go is IMO far superior to defaulting on Payroll. Under the current system employees are fronting 2ish weeks of time to their employers and risking not actually being paid. IMO because financial systems are so much more robust we should be moving to either a daily pay or even a prepay model. But likely that would take regulation because it doesn't benefit the decision makers. Additionally the status quo is such that the employer is earning interest on a pay period worth of capital, while the employee is eating the inflation on it. A spread of about 4 interest + 4 inflation = 8%