(Total Views: 490)
Posted On: 12/23/2019 8:09:34 PM
Post# of 32976
Years ago I took a workshop
They asked all the executives go figure out two things
1.) The cost of hiring a bad employee
2.) The cost of replacing a great employee that left
Let's use round numbers and say each make $100K fully loaded with benefits.
Not only can the bad employee be unproductive, but can suck up a lot of time of their manager and the people around him. I put down $100K wasted
Replacing a good employee, I calculated the lost productivity, job search, recruitment cost, training, ramping up company knowledge, etc. I put down $100K invested.
I figured I was light on both
I was light on both
What people forget to calculate in, it the revenue that employee can bring in or the cost savings. Sometimes that can be a multiple of their salary and sometimes 10x
Stock options and RSU are called "long-term incentives" for a reason. They only pay off, if you stick around for years. A bonus is called a "short-term incentive". You just have to stick around to a certain point in the year.
VERB has put aside shares for compensation from the get go so this is not something "new". Startups and billion dollar companies do this.
Rory has said time and time again, no insider has sold. Why in the world would they at this point?
If you haven't figured out the "game" by now, everything the company does will be turned into a negative within 30 minutes. Sad a few of you get fooled time and time again by the house of lies.
Maybe wait a day before knee jerk reactions?
They asked all the executives go figure out two things
1.) The cost of hiring a bad employee
2.) The cost of replacing a great employee that left
Let's use round numbers and say each make $100K fully loaded with benefits.
Not only can the bad employee be unproductive, but can suck up a lot of time of their manager and the people around him. I put down $100K wasted
Replacing a good employee, I calculated the lost productivity, job search, recruitment cost, training, ramping up company knowledge, etc. I put down $100K invested.
I figured I was light on both
I was light on both
What people forget to calculate in, it the revenue that employee can bring in or the cost savings. Sometimes that can be a multiple of their salary and sometimes 10x
Stock options and RSU are called "long-term incentives" for a reason. They only pay off, if you stick around for years. A bonus is called a "short-term incentive". You just have to stick around to a certain point in the year.
VERB has put aside shares for compensation from the get go so this is not something "new". Startups and billion dollar companies do this.
Rory has said time and time again, no insider has sold. Why in the world would they at this point?
If you haven't figured out the "game" by now, everything the company does will be turned into a negative within 30 minutes. Sad a few of you get fooled time and time again by the house of lies.
Maybe wait a day before knee jerk reactions?
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