I have had this discussion with multiple
sign companies this last week...my advice is to hire the best employees that you can afford.
- No argument there
biz owners who are simply 'afraid' or uncomfortable with having ppl on their staff who know more than they do...
- Not an issue here either, rather the problem is after 25 years I don't see many people coming thru here knowing more about my industry, products and equipment than I do. I subscribe to the Henry Ford hiring philosophy when possible and would love to find someone who can take us up to the next level of skill and quality.
NEWSFLASH! You are the owner, You are not replaceable, You are not going to lose your job. Hire the best employees that you can afford, ESPECIALLY in the areas that you are weaker in.
- see above
As business owners we often forget (or choose to forget) what is important to employees or even what employees expect..and good employees are worth keeping. The reality is that employees if they are continuously employed with your organization they expect increases in pay, it is good employee management to not only expect it but to anticipate it. It is my opinion that the best way to handle this issue is to discuss it @ the time of hire...for example 90 days probation period,followed by a 6 month performance review & then annual performance reviews on your employment anniversary (just an example).
- This is what I do, in addition to reward based on a value return rather than simply time based. As I mentioned, it is common for me to give wage bumps as a direct result of an employee learning a new skill, improving quality, taking on more responsibility etc.
And if you have employees continuously employed with your organization who are not deserving of an increase I would be seriously considering their v'ue to your company...
- absolutely, they no longer work here.
i often times see very small companies 'managing' this topic on personal relationships/likeability,etc...and I often times hear myself counseling clients 'that we are lucky to do business with friendly people,that does not necessarily make them your friends'..you don't need to 'like' your employees (it makes working together easier) & you shouldn't be hiring people to be your new 'potential friends', nor should you be retaining employees or basing their pay / bonuses / raises on their likeability...and the reality is that I see this VERY often.
- I'm afraid I tend to move the other direction and keep employee relationships strictly business. Perhaps, a little too much.
in my experience it is better to award raises to those who are deserving before they ask for them ,they are more appreciative & it eliminates awkwardness,etc.
- absolutely, see above
Many owners lose the ability to see things from an employees view & expect them to see & understand YOUR business from an owners perspective & that simply is an unrealistic expectation
- very valid point, guilty as charged
Many owners forget that this is YOUR business, the reward for an employee is their paycheck & the benefits/compensation package you offer..they are not building equity, an asset that they may be able to sell in the future, etc..it seems many owners temporarily forget that..and the reality is that most of the employees who you encounter who can see the 'big picture' & consider things beyond their own 'job' will most likely become business owners themselves.
- THIS is brilliantly put and is a view that I really had not considered. I think this point alone has been the helpful in doing a little "paradigm shifting" in this little ole' brain of mine.