Business Owner Doesn’t Get Why People Don’t Want To Work For Him, Gets A Perfect Answer
Gary Vaynerchuk is the chairman of VaynerX, a modern-day media, and communications company, and the active CEO of VaynerMedia, a full-service advertising agency, working with Fortune 100 clients. So he knows how to run a business.
Recently, a video from one of his speaking events has been going viral. In the clip, a member of the audience tells Vaynerchuk that he’s been struggling with his employee engagement and motivation. Appearing lost and hopeless, the man then proceeds to ask whether or not it’s his fault.
The answer that comes out of Vaynerchuk’s mouth cuts right to the chase and provides a ruthless yet logical and easy-to-understand explanation of why the man (and so many other business owners) fail to lead their staff.
You can watch the exchange in the video below
Chances are, many more business owners are realizing what the man in the video has heard. As we reported in our piece on The Great Resignation, about 4.3 million Americans left their jobs in August.
Plus, the problem is not just a U.S. one, and many countries around the world are experiencing a shortage of workers. It matters because it’s exacerbating supply chain disruptions around the globe, with key industries struggling to regain momentum due to a lack of manpower or raw materials.
This disrupts both local and global production and supply networks, hampering economic growth and causing product and service shortages for consumers.
Research from Robert Half found that nearly 4 in 10 professionals surveyed (38%) feel their career has stalled since the start of the pandemic. That number jumps to 66% for workers ages 18-24.
Among that 38%, about half reported that they’ve seen stagnation in salary growth, career advancement, and skills development. Additionally, the researchers discovered that 1 in 3 workers whose feelings toward their work have changed due to the pandemic want to pursue a more meaningful or fulfilling job.
Bosses will have to offer more than free snacks to keep their employees.
Here’s what people said about it
When you expect your employees to work just as hard as you for less than 5% of what you are taking home, you might find that that's not going to happen. Despite your annual "Eat all the pickles you can"-day to express your appreciation for them.
You're not entitled to own a business at the expense of your employees. If you can't succeed without underpaying and overworking your employees, then your business should fail.
This reminds me of that Quora question that appears every time there's a bad bosses post. You know, the one asking why their two otherwise awesome employees insist on leaving at 6pm every night instead of doing unpaid overtime to prove their loyalty (and the answer is some variation on shove it up your *rse, with or without lubrication). This is the prevailing attitude though. And the answer is simple - your employees are not, and will never be, as invested in your business as you are. You don't pay them enough to care enough. And that even extends to the mid-level employees earning 45-90k. It's still not enough to care so much about the success of the business that you give up your life for it. Only one (maybe two) people in a business should care that much - their title is owner. Everyone else gets to go home and have a work-life balance. (Edited to update the range as exchange rates can alter the impact)
When you expect your employees to work just as hard as you for less than 5% of what you are taking home, you might find that that's not going to happen. Despite your annual "Eat all the pickles you can"-day to express your appreciation for them.
You're not entitled to own a business at the expense of your employees. If you can't succeed without underpaying and overworking your employees, then your business should fail.
This reminds me of that Quora question that appears every time there's a bad bosses post. You know, the one asking why their two otherwise awesome employees insist on leaving at 6pm every night instead of doing unpaid overtime to prove their loyalty (and the answer is some variation on shove it up your *rse, with or without lubrication). This is the prevailing attitude though. And the answer is simple - your employees are not, and will never be, as invested in your business as you are. You don't pay them enough to care enough. And that even extends to the mid-level employees earning 45-90k. It's still not enough to care so much about the success of the business that you give up your life for it. Only one (maybe two) people in a business should care that much - their title is owner. Everyone else gets to go home and have a work-life balance. (Edited to update the range as exchange rates can alter the impact)
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