Give every employee a stake in the business

[winnipegjets]

The biggest issue for entrepreneurs, for capitalists, for those of us who are successful is, if someone is only going to be paid by the hour...they’re always going to fall behind" - Mark Cuban

“Capitalism isn’t bad. It’s when capitalists don’t pay attention” that bad things can happen.

https://www.cnbc.com/2019/06/03/mar...the-hour-are-always-going-to-fall-behind.html

 

[syed putra]

Maybe a stake for the entire work force. Not for individual employees.And a board sit for employees.like in germany.

 

[Leongsam]

The biggest issue for entrepreneurs, for capitalists, for those of us who are successful is, if someone is only going to be paid by the hour...they’re always going to fall behind" - Mark Cuban

“Capitalism isn’t bad. It’s when capitalists don’t pay attention” that bad things can happen.

https://www.cnbc.com/2019/06/03/mar...the-hour-are-always-going-to-fall-behind.html

All employees want a stake in the business but I have yet to meet one who is willing to share the losses when the business is struggling.

When I was running a business in Singapore there was a constant clamoring from my staff for "profit sharing" as a perk.

I replied that I was quite happy to share the profits but employees would have to be aware that there were some years when the "profit" would be in negative territory and would only fair that if they got a share of the spoils they should also shoulder the losses when they occurred.

Nobody signed up for the program so I shelved it after a year. The issue was never brought up again.

 

[sweetiepie]

KNN the correct approach should be company should hire spy to identify who are the gengster and who are the workers KNN after a period of 1 year or so they should award the salary of the gengster to the workers KNN usually at least about 66% are the gengster so the actual workers salary can increase to about 3x KNN

 

[AhMeng]

The biggest issue for entrepreneurs, for capitalists, for those of us who are successful is, if someone is only going to be paid by the hour...they’re always going to fall behind" - Mark Cuban

“Capitalism isn’t bad. It’s when capitalists don’t pay attention” that bad things can happen.

https://www.cnbc.com/2019/06/03/mar...the-hour-are-always-going-to-fall-behind.html

Your yearly performance bonus and shares award is already good enuff. No?
Even communist Cheena don't practice this nonsense. Far from it. Lol

 

[no_faith]

Once worked in a local company, in early years economic good, earn money, boss pocketed happy.
Now economic slow down profit keep dropping, boss suggested to the staff to join the company as shareholders, 15% wages to deduct monthly as a shareholders.
Hello early years earn money didnt ask the staff to be shareholders, now wants the staff to be shareholders, very beautiful words.

 

[Leongsam]

Once worked in a local company, in early years economic good, earn money, boss pocketed happy.
Now economic slow down profit keep dropping, boss suggested to the staff to join the company as shareholders, 15% wages to deduct monthly as a shareholders.
Hello early years earn money didnt ask the staff to be shareholders, now wants the staff to be shareholders, very beautiful words.

The boss risked his capital to start the company so it is logical that he be rewarded accordingly.

If you're not happy with the arrangement there is nothing stopping you from starting your own company and you can keep all the profits and reward yourself with whatever bonuses you want.

 

[no_faith]

The boss risked his capital to start the company so it is logical that he be rewarded accordingly.

If you're not happy with the arrangement there is nothing stopping you from starting your own company and you can keep all the profits and reward yourself with whatever bonuses you want.

If both enjoy the profits in early years, now i dont mind pooling in the money to sustain.
Since you dont know my ex boss character and understand him, i excuse you for such comments.