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As I hire for our new company I find myself insisting everyone get some stock who comes on bord, including the lower skilled people.
Im my eyes its not just the right thing to do, its good business. When employees own part of the company they tend to lookout for the company interests more.
If you want a more immediate incentive alignment, give existing employees a small pay raise 6 months after a new employee is on boarded. That way everybody wants to make sure the new employee is trained properly.
I’ve seen so many businesses where the boss man says “this is our new team member, clap clap clap welcome” and then everybody watches her fail. I’ve been on both sides of the equation, there.
Not sure infollow. Why would a team want a new employee to fail? Do they see the new employee as taking away their potential raise money?
Raises for anyone who took a cut for extra early equity will certainly happen. As for those already paid fairly they will likely get more equity.
The existing employees, the ones one or two steps removed from entry level, probably don’t see the new entry level employee as relevant to their personal wellbeing. I have the same amount of work, for the same amount of money, whether the new guy stays or goes.
While we do try to have a familial relationship here and look after eachother i dont think anyone is fooling themselves into think we are a family in the real sense. People will get fired if they truely deserve it and we are still out to make money, ethically at least.
@admitsWrongIfProven @freemo
I’m not family here unless I’m getting fucked (the good way). That’s usually illegal tho