I guess I'm not ok with becoming the richest man in the world at the expense of my employees. I'd rather pay top wages and benefits to my employees. Happy employees will take care of your customers.
Another Clueless Customer
- Thread starter aline
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with all the good business advice you hand out, I am a little suprised that you have a mindset that appears to be so narrow. in the end, a $100 dollar bill is a piece of paper that is only worth what someone will give for it. there are a million different ways to get the $100 dollar bill, not three. and half a million of those ways are legit.
well in the real world, the idea is to make the $50 bill worth $100 to the buyer.....because I done believe that anyone has figured out a way to to get a legitimate $100 bill for less than $100...
understand something...I have 8 hours per day per man to sell....if each hour costs me $100 (my break even cost) there is no way I can sell that hour for $95 and make a profit...the only way I can make a profit at $95/hr is to:
a) cut overhead (you can only cut this so far)
b) cut labor costs (lower wages, less/no benefits, etc)
c) cheat (sell things you really aren't providing)...
that's the facts of life...
if i can get my cost per man hour to $50, and convince someone to buy it for $100, then yay for me...but I still only have a $50 bill...and if I sell it for $45, I still lose money...
but if a good journeyman in my area costs $50/hr total package (+/-)....then what kind of employees am I sending out for a total cost of $50/hr including OH?
but if a good journeyman in my area costs $50/hr total package (+/-)....then what kind of employees am I sending out for a total cost of $50/hr including OH?
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Dnkldorf
Senior Member
that was a given....in these times, we should be operating at maximum efficiency already...
but lower paid employees typically come with less efficiency...just a fact of life....
but still leads to the conclusion that you can't buy a legitimate $100 bill for less than $100....
Dnkldorf
Senior Member
This is a management problem.
Blaming the employee for in-efficiency would be fruitless.
- Location
- Windsor, CO NEC: 2017
- Occupation
- Hospital Master Electrician
Rewire has got my mind spinning - but not in the way he intended, I'm on a totally different track now.
I am going to open a Non-Profit. Give away all electrical services, and then take donations. Have you seen the higher ups at those non-profits? They wear suits, never get dirty, have nice houses...
I think I'm onto something here...
I am going to open a Non-Profit. Give away all electrical services, and then take donations. Have you seen the higher ups at those non-profits? They wear suits, never get dirty, have nice houses...
I think I'm onto something here...
Rewire
Senior Member
- Location
- Lake of the Ozarks
several who have posted in this thread.
Rewire
Senior Member
- Location
- Lake of the Ozarks
your metaphor does not translate fully but the gist of mine was to have a greater profit margin.As for my peers I have found that you can be loved by them you can be respected by them or you can be feared by them,I have found that I don't need thier love I don't even need their respect but they darn sure are going to fear me.
Rewire
Senior Member
- Location
- Lake of the Ozarks
If you think money is what makes an employee happy then you just keep throwing dollars at them till they smile.I have seen top payed guys walk off the job because their was no toilet paper in the outhouse.
Rewire
Senior Member
- Location
- Lake of the Ozarks
You just aquire more time to sell,how hard is that to figure out.Selling at low prices is not the model ,the model is what allows you to sell at low prices.
Rewire
Senior Member
- Location
- Lake of the Ozarks
Do you think Wal Mart sells the same light bulb to 5 different customers?
Rewire
Senior Member
- Location
- Lake of the Ozarks
This is the foundation of the Wal Mart business model,At their distribution centers they even watch how much space is between the boxes on the conveor belt in order to move more product it is the eye on these small details that allow them to sell at the price they do.
If a top payed guy walks off the job because there's no toilet paper in the outhouse he has other issues. If I'm being paid top dollar and receiving top benefits I can afford to bring my own toilet paper to work.
Money isn't the only thing that makes an employee happy but it's a big part of it.
Try telling your employees that there will be no raises for the next five to ten years and you'll no longer be providing health insurance and paid vacation but you'll make sure there's plenty of toilet paper in the outhouse. See how happy that makes them.
I guess if you can make working for you so much fun the employee is happy even if they aren't getting paid anything then that's great. Maybe they'll even be willing to pay you to come to work and have so much fun.
If I'm getting filthy rich I can afford to provide top pay and benefits to my employees and I'll make sure there's plenty of toilet paper to go around. I can see operating more effiecently but I don't agree with operating more effiecently at the expense of the employee. That's just my feelings.
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I've worked for companies where they told us how tough times are and they can't afford to give raises this year and need to cut benefits, etc. They laid off workers at the same time the plant manager was having a $5,000 solid mahogony door installed for his office along with all new furniture. Then there's the quarterly reports that came out stating the company had record profits and the CEO received a huge bonus. I can tell you the employees that I worked with at this company weren't all that happy.
http://consumerist.com/250838/ceo-pay-up-298-average-workers-43-1995+2005
http://www.commondreams.org/headlines05/0412-10.htm
http://consumerist.com/250838/ceo-pay-up-298-average-workers-43-1995+2005
http://www.commondreams.org/headlines05/0412-10.htm
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