Monday, 7 November 2011
Here's How I Help Close The Income Gap...And The Left?
So the left often decries the injustice of income gaps. Got it. We all want to close income gap's so people can earn more! What is the left's solution? Here's a fanatical-right-wing nut's crazy wacky idea in practic: invest in people. Here's the inside scoop as to what I have been trying to do with our (now 35) employees:
1. Value people. Assets have a value...how much more do people? We value people through focusing on results while providing means/training/thinking to get results. Work with people and recognize change is a process...where you are willing there is a way.
2. Handle conflict with humility and an open mind. The old days of monarchy ruling with an iron fist does not work. We set our standards clearly and encourage people to operate within them...for all our benefit. Help people give and receive feedback in a way that advances discussions, not points fingers/accuses and blames.
3. Articulate that giving raises actually helps our company, it does not hurt it. It is in my best interest to give employees a raise that is deserved! The free market will either pull them away, or I buck up. The good news is, the higher the wage of an employee, the more value they add (often)! I try to destroy the 'stigma' of cheap bosses by striving for results and being excited along with the employee when a raise recognizes their results. We also provide feedback, reviews and coaching to those who 'are strugglign' to get the results our customers demands.
4. Re-invest profits. Re-investing profits is sadly viewed as greedy by some (many?) on the left. Banks get made fun of for their 'windfall' profits. The reality is, they (in conjunction with profit) provide the capital required to invest in people, machines, structure and innovation...requirements within a free market. By reinvesting in profits, I have experienced that we create additional area's of responsibility that often require one at a higher pay to properly manage. By investing in people, we typically hire from within and are able to provide that job at a higher wage, get the results and still make a profit. It's an exciting win-win!.
Did you notice something that was missing? I did not cry for the government to be the solution for closing the income gap. I am practicing a solution (it's working) and that is powerful and exciting. Join me in being a better, more caring boss. Join me in being a better employee. Learn more. Think more. Help more. Serve more. We can close this income gap...we just have to work at it. Now tell me, what is so 'wing-nutty' about this?