Ohio
11:55 AM
I just finished a phone interview with the president of a company in Ohio. His wife heard me on NPR a few weeks ago and set it up. The gist of the interview is something I am continually finding more interesting: What companies can do to motivate their employees.
Who wouldn’t want to work for a company that actually cares about them? Who wouldn’t want to go to work every day fired up about what they are doing and who they’re doing it for?
And on the company end, what company wouldn’t want to have their workforce engaged and working their butt’s off?
So that leads to the question of why are there so many bad companies and bad managers out there? It doesn’t seem that difficult: Take care of the people that take care of you.
If you do that, you can do what this CEO’s business has done. Grow revenue by 2000% over the last 10 years. They did that with an employee growth of only 600% from start to finish. Do the math: 20 times revenue with only 6 times labor.
And what is even better, the profits went back to the employees in performance bonuses. How novel of a concept, the company makes more, I make more.
I am no MBA, but these things make too much sense.