05 January 2008

To Each His Own

When I was still a manager of a tech company, one of my key consultants complained of not receiving the profit share level promised a year ago by the President of the company. As a manager, I felt obliged to protect the company and its officers. I argued to my subordinate that we should just be patient. What he said in response struck me deep to this day.


He said that unlike other people who had other means of livelihood, had huge savings or who probably earned more than him, he had no other source of revenue except for this job. He explained to me that he took those promises seriously and planned his future based on the previous year's prononouncements, and he was in a bind because of it. All of this, in spite of the fact that my group had met our deliverables.


I then understood that one cannot make empty promises, for those words do affect the lives of people in a sometimes significant way. It was then that I realized that people's circumstances are different from each other, and one cannot assume to understand another person's condition.


Reading the news header a few days ago on our public school teachers delayed P1,000 poll allowance, I cannot help but empathize, no matter how small I THOUGHT the amount was.

3 comments:

squaretyre said...

One of the unwritten laws in the corporate world: if it aint written, it never happened.

Ang Kuwago said...

Kuyang,

Amen to that. And although I personally have been reprimanded for not following verbal policies in the past, and subsequently bearing the consequences of my actions, that really should be the case, no?

Bro. Kuwago

goodspeed said...

Nice post!

This is a classic example of an employee vs. an entrepreneur mindset.

Employee mind says "Company" take care of me, take care of my family, my kids, my lola, etc.

Entrepreneur aka business person says, "I'm in charge", I'm the boss, I'm the CEO, I'm the kapitan of my ship. I am solely responsible for my future and destiny. So I create businesses, find companies to buy, look for assets to bring more and more cashflow, yeah!

Which is a logical proposition for you to live this life? Employee or entrepreneur?

What if you get laid off?

What if the company closes?

What if the company gets acquired and loses your years of service (tenure)?

Job security is a myth.

If you go bankrupt in business and you know how to make money, you can do it again and again and become rich again :)

An employee loses his job. He looks for another 8-5 job. Complains that the bonus is delayed and bills are piling up. Employees always complain they're not paid enough.

If the employee loses a job again or gets fired, he has zero income again. :(

An entrepreneur, if a company closes, he still has other companies contributing his income. Or can build businesses to increase income (cashflow). He is the kapitan, remember?

That's what I call REAL SECURITY.