Please log in or register. Registered visitors get fewer ads.
Forum index | Previous Thread | Next thread
Interesting philosophy / business model 11:54 - Feb 28 with 955 viewsMarshalls_Mullet

https://www.bbc.co.uk/news/stories-51332811

Poll: Would Lambert have acheived better results than Cook if given the same resources

0
Interesting philosophy / business model on 11:58 - Feb 28 with 939 viewsSteve_M

Yes, I've just read that.

Seems an admirable approach, whether it would it work if every company took the same approach is open to question - certainly rewarding people for acquiring new skills and increased responsibility is a good thing and I don't know how this company gets round that.

Owners thinking that sharing the income around more equitable is a good thing though.

Poll: When are the squad numbers out?
Blog: Cycle of Hurt

1
Interesting philosophy / business model on 11:59 - Feb 28 with 932 viewsSwansea_Blue

Who'd have thought not exacerbating class divisions and treating people like sh*te would lead to greater happiness, loyalty, job satisfaction and ultimately increased performance?

Poll: Do you think Pert is key to all of this?

2
Interesting philosophy / business model on 12:00 - Feb 28 with 927 viewspositivity

Interesting philosophy / business model on 11:58 - Feb 28 by Steve_M

Yes, I've just read that.

Seems an admirable approach, whether it would it work if every company took the same approach is open to question - certainly rewarding people for acquiring new skills and increased responsibility is a good thing and I don't know how this company gets round that.

Owners thinking that sharing the income around more equitable is a good thing though.


always good to see interesting alternatives, richer sounds is one to look at too

Poll: do you do judo and/or do you do voodoo?

0
Interesting philosophy / business model on 12:05 - Feb 28 with 916 viewsGeoffSentence

I am amazed by some of the negative reactions he got.

"Two senior Gravity employees also resigned in protest. They weren't happy that the salaries of junior staff had jumped overnight, and argued that it would make them lazy, and the company uncompetitive."

I really find it difficult to believe that there are people who think like that. OK maybe they could hold the opinion is one thing, but to get so het up about it that you resign on the basis it 'might' be the case is a bit nuts.

Don't boil a kettle on a boat.
Poll: The best Williams to play for Town

0
Interesting philosophy / business model on 12:24 - Feb 28 with 878 viewsClapham_Junction

Interesting philosophy / business model on 11:58 - Feb 28 by Steve_M

Yes, I've just read that.

Seems an admirable approach, whether it would it work if every company took the same approach is open to question - certainly rewarding people for acquiring new skills and increased responsibility is a good thing and I don't know how this company gets round that.

Owners thinking that sharing the income around more equitable is a good thing though.


I guess it's dependent on the attitude of the potential employees. Some people would be happy to learn new skills and take on new responsibilities because they find the work itself interesting/rewarding regardless of the salary. I guess many more people will be in this category if everyone has a salary that is enough to live a decent life.

I struggle with trying to justify people being paid differing amounts for working the same hours. Yes, some people have more skills than others, but all of them are needed in some way or another to make an organisation work. And more importantly, all of us have the same basic needs to fulfil outside of work.
2
Interesting philosophy / business model on 15:11 - Feb 28 with 819 viewsBanksterDebtSlave

https://www.theguardian.com/sustainable-business/2014/aug/28/suma-the-natural-fo

"They break our legs and tell us to be grateful when they offer us crutches."
Poll: If the choice is Moore or no more.

0
Interesting philosophy / business model on 15:18 - Feb 28 with 814 viewsWeWereZombies

I think it was Time Out that used to pay everybody from the post room up to the directors £7.500 per annum each back in the 1970s. They did find it difficult to keep hold of their best journalists though.

Poll: Luton or Dubai ?

0
Interesting philosophy / business model on 15:50 - Feb 28 with 797 viewsSteve_M

Interesting philosophy / business model on 12:24 - Feb 28 by Clapham_Junction

I guess it's dependent on the attitude of the potential employees. Some people would be happy to learn new skills and take on new responsibilities because they find the work itself interesting/rewarding regardless of the salary. I guess many more people will be in this category if everyone has a salary that is enough to live a decent life.

I struggle with trying to justify people being paid differing amounts for working the same hours. Yes, some people have more skills than others, but all of them are needed in some way or another to make an organisation work. And more importantly, all of us have the same basic needs to fulfil outside of work.


"I struggle with trying to justify people being paid differing amounts for working the same hours."

That doesn't mean it's the same work though, even for an individual doing the same work over a period of time their utility increases over time as their skills do. If their value to the company increases then I tend to think their pay should too. Certainly early in my career that worked for me, pay rises for taking on more responsibility and gaining more experience.

Now, mid-career, I'll learn different areas of work without expecting more money for it (just as well really) but see the benefits as being personally rewarding and potentially career-enhancing further down the line as you describe.

The other thing with a single salary point is whether the company is still incentivised to recruit inexperienced people and develop them or employ experienced people who will be more useful to that company immediately for the same cost.

Poll: When are the squad numbers out?
Blog: Cycle of Hurt

0
Login to get fewer ads

Interesting philosophy / business model on 16:25 - Feb 28 with 763 viewsDarth_Koont

It's skewed upwards by the cost of living in Seattle so wouldn't be as high everywhere.

But oddly enough we're fine about people paying a premium when recruiting better staff. Here I think it makes the logical point that retaining workers, developing them to be the best and motivating them should involve similar incentives.

Also for those at the top end who might be seeing their wages come down, there's an imminent shift ahead in the developed world towards purpose rather than material wealth. Purpose is what you can focus on when your material needs are satisfied by a decent enough salary. Because money is never enough... the study they mentioned that arrived at an average of $75,000 also showed that the people who earned 100K would consider themselves happy with 250K and that figure went exponentially higher as the real value of money became less and less fulfilling to people the further they were already over the comfort level. They were chasing something that was getting further and further away from them which is likely why lots of rich people don't appear to have a lot of fun in life. Seems like they're grimly trapped in their 24-carat gold hamster wheel.

On a related note, I'd also argue that AI is going to wipe the floor with jobs that lack purpose. Any of those grinding, transactional jobs however lucrative are going to be done better using AI and machine learning before too long. Unless they're highly specialised and excellent relationship managers then I can't see much of a future for the middlemen jobs like brokers, financial advisors, accountants, agents etc when an algorithm will be able to do the core job quicker and far more accurately.

Pronouns: He/Him

0
About Us Contact Us Terms & Conditions Privacy Cookies Advertising
© TWTD 1995-2024