Employees as viewed by an Philanthropist, an Entrepreneur and a Businessman!

 Employees as viewed by an Philanthropist, an Entrepreneur and a Businessman!

Take example of any kind of business, be it hospitality, trading or manufacturing, we can easily identify three categories of employees, 

A) One who are striving perfection with themselves & may always remain on their toes to share high degree of dedication with ownership to attain the same level of perfection in discharging their duties.

B) Two the one who lives & works to impress others, all of their actions would be focused on getting applause & recognition.

C) Third one are the most ambitious & intelligent ones, that can do & undo anything & everything to grow & get a better share in everything they venture into.

Type A could be the most profitable employees, as given their personal quest they are capable to carry the load of work by almost 70 to 80%, type B are going to remain in limelight as long as they can survive when their work is being applauded, while the C types are the most aggressive ones that can change the trajectory of the entire business if placed in right profile & trusted.

Likewise, while one may try to strike a balance as an employee between these three major categories, individual growth in terms of skills & financial obligations is directly dependent on the type of Owners one is working for & how they view their employees & that again all depends on the Vision & Principle the investor is practicing, mostly it then begins with the type they will prefer to heir, A, B or C.

A) Philanthropist, a master of WIN- WIN thinking, strategies & a blessing for the Society. Their vision is precisely focused on overall well being of everyone they associate with, be it their business partners, the Government, the Community around & above all their employees. So while hiring they will prefer to see the skills, characteristics & traits of that type C, & while working with them they will encourage this type C employees to harness the traits of type A, so that the combination of C & A will give them ownership with dedication, hard work with intelligence & vision to grow along with the organization. In order to cultivate richer vision for their employees, an Philanthropist may do the following with conviction:

For any philanthropist, their employees are their most important & valuable assets, & they will take care of them at the cost of anything & everything. They believe in the fact that their business will be taken care off by their employees that are take car off! 

And their brand value is directly proportional the value of their employees. 

Hence their management style can be witnessed by the following:

1) Empowering the employees on their respective profiles.

2) Trusts their employees with their skills on delegation of various tasks & assignments.

3) Takes it as their own responsibility to make sure that the health & education of the family members of their employees are taken care of by the pay package he is offering.

4) Focuses on the mental health as well & invests in advancing their skills & education of their employees.

5) Working environment remains very comfortable with daily, weekly & monthly tasks assigned along with KPI & JD.

6) Resources are made available in order to make sure that the deliverables are achieved without any stress.

7) Transparency, clarity on all aspects of the job are top priorities in the entire Organization.

8) Leaders with type of C & A traits are encouraged & motivated to train more employees to acquire the same traits, while the succession plans are clearly defined alongside the growth plans for every employee.

9) Appraisals, increments, and bonuses are done at regular intervals to not only evaluate individual performances, but to also make sure that living standards of the employees continue to grow along with the brand value of the business & organization.

10) The Community around will always get a good lifestyle as they associate with either employment or may do business with the Organization of an Philanthropist.

Working with any Philanthropist may be a blessing in disguise, employees might not get any direct share from the profits of the Organization but yet their overall package may be more than enough to take care of their needs, dreams & aspirations, work & life will have balance.

B) Entrepreneur, An investor who has been able to identify business opportunities in a given field & segment that has helped them to not only grow but to even expand their business rapidly. They may or may not have needed experience but they have confidence to take the necessary risk in their business that keeps helping them to remain ahead of their competitors. They follow a very straightforward principle & their vision is to make sure that their investments remain safe & keeps yielding results to their satisfaction & in order to keep these two aspects going well, they are ready to make the ends meet for every stakeholder of their business.

So while hiring they are more likely to remain focused on type A, that is because they may prefer to let their employees do their work with perfection & continue to keep doing so & get better with it, thereby reducing the chances of hurting the organization's vision & surprisingly they are likely to find the C types overwhelming.

How working for any Entrepreneur may look like for an employee:

1) Employees will be given enough work load to keep them busy for the given working hours.

2) Though the employees may have freedom to work with their own set of skills, the end results will have to be at par or even better than expected.

3) Salaries can be at par with that in the segment but not necessarily excellent to keep abreast with any inflation.

4) Team work is a must but at the same point in time, some set of employees may always have an edge in getting more benefits then the rest.

5) Every strategy & policies may remain case specific.

6) Succession plans & growth options for the employees may not be clear enough.

7) Employees may continue to get increments, perks or bonuses based on the need of their skills & their role in the Organization.

8) Attrition may remain moderate & isn't viewed as anything bad, employees' right to find their happiness is acknowledged & accepted.

9) If they eventually end up getting any type C employees they might not be able to optimize them & motivate them enough to learn type A traits.

10) Type A are going to remain their business drivers, yet type B may actually keep getting away with a projection of being like type C.

Overall employees may continue to survive & can maintain the lifestyle, without much risk.

C) Businessmen, most probably a first generation investor who may have invested a handsome capital for the business, it is possible that they might have some prior experience in smaller or medium size of business, but definitely might not have any experience in churning a huge sum of capital before now. 

It is important to have an idea about the vision of a businessman that is driving them.

Their only vision is going to be profits, short term gains, immediate returns, no loss at the cost of anything & everything is their Principle Vision, which is why working with a businessmen one may experience unpredictability with their decision making, policies & strategies, an Opaque management that revolves around micro managing every aspect of the business with no trust whatsoever in their employees & hence their risk taking tendencies will be at either of the extremes, too high or too low, you may hardly find any balance & so will remain the results & profits. Unpredictable!

A businessman might always be enthusiastic to hire type C, but they might end up keeping it well with type B, as they may hardly be able to buy into professional solicitation. 

Given these facts any businessmen may see their employees as follows:

1) Every staff member is an interim resource that can be hired & fired at any time, trained as & when needed.

2) New staff are always better than the experienced ones as they come at a lower base price.

3) They are learning on the GO how to handle their staff, so it is always better to remain invested in training the new ones than to reinvest in the experienced ones.

4) Overhead cost of salaries in their business always remains a factor of concern for them.

5) Replacement of staff will be a priority above retaining them.

6) Business will continue to be as usual no matter who leaves & who comes in, as most of the tasks are handled & managed by themselves.

7) Employees, growth & welfare, can come by only if their own profits are multiplying exponentially, if their own strategies combined with external factors are failing to bring about necessary multiplications in their own profits then the employees may have to remain happy with whatever they are being paid.

8) KPIs, JD & appraisals may remain irrelevant to real time assessments. Pay rises may be done based on how much that very employee is needed at that point in time.

9) Since there is no succession plan & growth strategies, even if there are type A & C employees, they can only survive in the system if they think & act like that of type B.

10) Employees will have to find their own job satisfaction & motivation at work, as the disparity might be overwhelming to keep giving the very same best day in & day out.

Overall, working for any businessmen is good as long as their own profits are excellent, the moment they find variations in their own profitability, the employees of type A & C in the team will be the ones who may remain where they are, while type B might continue to flourish in every such setup.