| Those of us who loathe laying off good employees are busy because we are understaffed. We're understaffed because we are sure that a downturn, recession or worse is upon us (or coming soon) and that the agony, expense and distraction of layoffs (to equalize income & overhead) are a bear market squeeze not worth the bull market juice. So we get by with fewer employees, more part-time & gig workers. We work harder than we probably should, and so do our employees. The imbalance this creates in good times is offset by the job security we enjoy in bad times. How do I know this is true? Because I'm old enough to have withstood three recessions, the last one by the skin of our corporate teeth. We've had two good employees leave in good times for less work for more money. Both came back after a few years when boom business cycles that drove that dislocation reverted to the mean. What the "anti-work"/"no wagie" crowd get's right is the inequity of hard work in a commoditized job at a company that doesn't give a rat's ass about you or your work product. What they get wrong is that small businesses like mine, who do care, require hard work to smooth the volatility - providing security for the business, the employees & the owner. We do this while insurance (health & general) rockets skyward, as the government stealth taxes the crap out of us, and while foreign competition engages in currency & regulatory manipulation for unfair advantage. My advice to the "don't be so busy" folks... get busy. Do a good job and tactfully take credit for it. Work hard and make sure your name is associated with results. An economic storm is probably coming as soon as politically motivated band-aids come loose. Most likely after the US mid-term elections, but perhaps after 2024 if they can somehow postpone it that long... get ready. |
As an employee, the only thing that really matters is the dollars flowing out of your account into mine on a regular basis. Trust, job security, growth opportunities, work life balance... they're all just words until they're not. Unless you're willing to sign a multi-year contract guaranteeing job security, put your money where your mouth is or I'm out the door as soon as greener pastures present themselves. And in this industry, there's always greener pastures.
> We've had two good employees leave in good times for less work for more money. Both came back after a few years when boom business cycles that drove that dislocation reverted to the mean.
Sounds like they were properly maximizing their opportunity.
Alternatively, give people job security and also pay them what they deserve. It works even better than whatever "the mean" is.