After swearing many years ago I wouldn’t ever have employees again, our company is expanding. We have two and, if we are able to work out details, three great people starting with us on Monday, December 1st.
I used to CEO a company called “The Hillyard Group, LTD,” which was a national human resources and corporate training firm, headquartered in Denver. This was some years ago. And Nicole (wife and business partner) and I have had employees over the years until we downsized about 5 years ago to spend all of our time in actual client contact. We’re taking the step of adding people because we need to. Our reputation is bringing many wonderful people as potential customers to us. Due to the constraints of being human, we’ve had to turn too many of them away. And, we want to develop a couple of other sides of our company that are currently underdeveloped. Nicole is also growing in her favorite area of Life and Relationships Coaching, giving her less time for the business-oriented transition coaching. Hence - people.
This gives me an opportunity to put into place, and “field test” a few beliefs I have come to regarding small companies and how they should be run. In this blog, I’ll keep you informed on how this experiment in a new way of running a company is doing. But here are a few things I’ve come to believe, and am trying out.
1). Treating our fellow staff members as we’d like to be treated. Wow! What a concept! I think that Jesus fellow said something about that a couple of thousand years ago.
One of the things I’ve seen in some small companies that I don’t like is an “owner mentality” and an “employee’s mentality.” Owners often want to maximize their own share of the business. After all, they started it or bought it. And they want to get everything they can out of it.
I want to get what is fair out of it, while giving our fellow staff members what is fair and equitable for them, as well. This has many implications, which I’ll explore below. But it starts with the conviction that we all want pretty much the same things.
2). Paying employees as much as I can afford to pay them. We put cursor to computer screen and ran the numbers. Harold Geneen, formerly of ITT, said “The slavery of the numbers will make you free.” Rather than figuring how little we could pay employees and get away with it, we started with a philosophy of paying our fellow staff as much as possible while still achieving a living wage for ourselves. I don’t want my colleagues worrying about how to pay the mortgage or rent…I want them concentrating on creative and innovative ways to increase everyone’s share of the pie.
3). Everyone gets the same “perks.” If Nicole and I get it, so do they. If we like the “perk” enough that we want our company to pay for it, they’ll like it, too. This includes, by the way, fully paid health insurance, as well as what I, as a small business, can get in dental insurance (which isn’t much). Our health insurance is the best that money can buy for small businesses, as I am a Type I diabetic. If it is something we appreciate, they need it, too.
4). When everyone wins, everyone shares. We immediately (at the end of the first year in which they are employed) pay out a share of the profits, pro-rated, of course, for how many months they’ve been with the company. This gives everyone an added incentive to be a true team. It is hard to actually be a team if you aren’t sharing in the winnings, isn’t it? While we’re all going to experiment with what percentages work, we think that this is only fair.
5). Work/Life balance is essential. It has always been my philosophy that a well-rested, healthy individual will contribute more that a frazzled, exhausted one. I, frankly, don’t understand why other companies don’t get this. But linear, concrete thinking individuals who run so many companies seem to believe in the absurd and dangerous motto of “do more with less.” Bullpuckies! Working employees to exhaustion only leads to dangerous mistakes, burned out employees and resentful employees who only stay because they are afraid that there isn’t something better out there. I want our colleagues to stick around because we’re the BEST thing out there, not because they have no other choice.
Therefore, we give lots of time off. And, while we’re still working on our vacation policies, we’re going to insist that they take the time we give them, or, at least, make it unattractive to stick around when they should be resting and recreating. Look at that word “recreating.” It is “re-creating.” People need time and space to “re-create” themselves. If they love their company, they’ll bring these new ideas and new vigor back with them. I’ve found that I ALWAYS produce better after a vacation. I can’t see how our colleagues will be any different.
We also try to involve the children and spouses of our colleagues in things whenever possible. When someone is working for a company, they really get the whole family, in one way or another. So the whole family should be involved at some level.
We, finally, believe that holidays are family time, not work time. We give lots of time off around family holidays. And, of course, we would work with anyone who had a family emergency in every way possible.
6). Be generous. I have always had a policy of generosity with colleagues. If they have personal business to conduct during the work-day, conduct away. If you need a pen, pens are cheap…take one. Need a stamp? Put one on. Need to borrow company property. Great, use it well.
7). Be completely open. Our books are, well, an open book. Let our colleagues see what we’re spending and what everyone makes, including us. I have a strong policy of including colleagues in everything going on with the company. Not only can they understand things better, but they will often come up with solutions.
8). Involve them. We are not a democracy. Some decisions will rest with me and Nicole at the end, and sometimes our colleagues don’t know about the law or professional ethics enough to make good decisions on certain things.
However, having said that, I’ve always involved
everyone in all decisions. When I was at The Hillyard Group, we had a group of interns. We allowed the interns to sit in board meetings and vote on many things. All of our colleagues will have a vote, and be involved with our great Advisory Board, and, as our Advisory Board morphs into a full-blown Board of Directors, in that, as well. It’s
their lives, too. They need a say. And, by the way, I’ve only overridden the vote of everyone twice in my career, once for a legal reason and once for a professional ethics reason. Most of the time, they were right. A time or three I was the one who was right. But it did our fellow staff members a great deal of good to both see
their strategies succeeding
and failing. This is the best business education they could have, and has usually led to “wins” for the companies I’ve run.
9). Be accessible. Our home is open. We don’t have offices at our office, only meeting rooms. I’ve led as many as 52 people in the past…and all had direct access to me.
10). Be loving. If a colleague is not someone you truly can care about, be close friends with, and truly love at least as much as a member of your family (I gotta say, I’ve had staff I’ve loved a great deal more than I love my siblings!), why are you hiring this person? You’re not doing them or you any favors.
And it has to be mutual. If our colleagues don’t truly care about us and see us as their friends and family, too, why bother to work there? Go find someplace where you can truly believe in the leader(s) of the company and be loyal to them.
Most of these things I have tried before, and they have succeeded. I still have former staff who would love to come back to work with me, but they’re making too much for my small company! Several former staff have gone on to found successful companies. When I see their pictures in the paper, I get a warm glow inside.
Business, for me, is a way that I can bring help and advice to others. I am able to share what wisdom I have gained over the years with people, facilitate communication, enable community, and catalyze people helping people. This is the world’s best job in almost every way. I am excited about being able to share this vision, a week from now, with the truly great folks we are bringing on board.
May you be prosperous!
J.