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Dave Ramsey Won’t Do This When Recruiting
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- Опубліковано 15 сер 2024
- Today we’ll hear about:
• A business owner wonders how to recruit talent from another company in an ethical way
• A business owner looking for the best place to keep large sums of money for her business
• A woman is proud of her business’s rapid growth and wonders how to remain content
• A woman and her husband feel nervous about making big business decisions for their profitable small business.
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Nice video. I'm favoured, $27K every week! I can now give back to the locals in my community and also support God's work and the church. God bless America.
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大家都這樣“複製”，“UA-cam”令人沮喪
No one is “stealing” your people. If your compensation and company mission are sufficiently compelling, your people will stay. Chill out.
This is partially true. But…
Many companies will try to one up each other on hourly pay etc.
This leads not only to disloyal employees and higher turnover, but to changing costs of doing business.
Overall, it’s a bad move for one’s own industry.
Also, there are plenty of employers paying to onboard and train for the job, while others are trying to poach workers who have been trained by other companies.
It makes it harder for the original company to justify spending large time and effort on training just to lose the employee for someone paying more, etc.
Again, overall net negative for the industry.
@@mattm3901 the solution to that is to pay more - once that employee is trained they are more valuable and you need to pay them for that value, or they will take it elsewhere.
At 57 years old, I realize I have made a mistake by remaining loyal to my current employer of 20+ years. I could have left more more pay or benefits but I was raised with the Midwest work ethic BS. If someone offers you more, take it. Corporations will drop you anytime they even think it might benefit them.
Dave, would you rather fight ten duck-sized horses or one horse-sized duck?
Depends, whats your income?
I like DR for the most part, but the way he talks about employees is so off-putting. Most people aren't working for a company for a mission, they are working for a paycheck. And as long as they are providing value for that paycheck you should be satisfied. Poaching is what you do with hunting land, not employees. They don't belong to you. If someone else can make them an offer that causes them to leave, the place to look is to yourself. There is something you lack that they got in the other place. And Jesus' rule is do unto others...not do unto your friends. If it's not ok to "poach" from your friends, it's not ok to "poach" anywhere. Make up your mind.
1:50 That's actually illegal unless it's a large capital project lol. No-Poach Agreements & Anticompetitive Behavior is anti-capitalist behavior and also VERY ILLEGAL!
We worked with our bank to set-up an Insured Cash Sweep account. Works similar to what Dave mentioned on the overnight sweep. They partner with other banks and move up to the FDIC limit to those accounts overnight. We have liquid access and earn a rate of return while also having FDIC protection on the balance. Only adds one account reconciliation.
why can't the second lady (and dave) do a cash sweep account? Not sure about costs/fees but the amounts the lady is talking about can def be covered by a cash sweep account
How do you figure out if you have a good strong bank? I have a credit union and there is only a few branches
Dave quoting the Golden Rule…🤣🤣🤣
Dave admitting too and advising to commit antitrust in agreeing to not hire employees from similar companies just shows how little it is enforced. Lol.
Dave's love for Capitalism and the free market sure vanishes quickly when he is on the losing side 😅 Then all of a sudden it's an "ethical issue".
You obviously don't understand the issue.
@@BradKandyCroftFamily Enlighten me.
@@BrianCassidy-hb9pg Not sure what you’re trying to say. Many companies that deal ethically will not intentionally recruit from other companies that they do business with.
It’s not a Ramsey thing, it’s a good practices thing.
@@mattm3901 more like collusion to try limit the opportunities of the labour market!
@@BrianCassidy-hb9pg agreed. when businesses or owners collude it is consider good practice and ethical.
Discuss your salary... inappropriate/taboo.
And when employees unionize, it is considered terrible.
Love the show
Stealing your people? You’ll let them leave? Technically legal?
Employees are free people. They are allowed to leave and go wherever they want that wants them. This is capitalism. Pay them well and treat them well and they’ll stay. Unless someone else will do better for them and they should leave for that place. It’s called a market.
You’re leaving out the possibility that other companies will try to snipe your employees that your business has invested time and effort into, only for the employees to find out that the grass isn’t always greener on the other side.
When this happens, the worker loses. The first business may have trouble with the uncertainty of this employee’s motives to hire them back. The new business isn’t what the employee was looking for. Overall the worker and the original business lose.
This is why it’s a good ethics move and a good best practice to not hire from companies that you directly work with.
Your entire post shows that you’re thinking of your employees as an expendable, tradable asset to use in business - not as people that you are responsible for in terms of providing stable meaningful careers and looking out for them as much as for your own company.
@@mattm3901 I’m leaving it out because it is just not relevant. You can always make a regretful decision changing jobs. It’s on me to do my due diligence to make sure I’m making a good career choice. And if I make a mistake, I go find another job.
But none of that has anything to do with the fact that I’m not property that can be stolen. I’m a free person. If I’m not performing for my employer, they will fire me and find someone else. If the employer isn’t performing for me, I’ll fire them and go find someone else.
@@mattm3901 Sir, I don’t have employees. I am an employee lol
I don’t view myself as expendable, but I am certainly replaceable. I have left jobs before. They’re doing fine without me, and I’m doing fine without them. However my work is valuable. And if someone makes me a better offer (in terms of pay, work/life balance, benefits, daily work, etc.), then I’m going to take it to better take care of myself and my family. I disagree with the idea that my employer is responsible for me personally. I’m responsible for myself. It’s up to me to do the work of making myself and my work valuable. I greatly appreciate when an employer cares about me, but I disagree that they are responsible for me.
Dave is acting like he is in the "slave trade". Another CEO is stealing our people. Give me a break---you do not own your employees.
"Stealing my people"... Slavery was outlawed in the US long ago. You don't own anyone, and they are free to leave any time. Very disappointed, but not surprised to hear this term.
Sometimes business owners (like Dave) believe that they own their employees and they get disgruntled when their employees get better offers elsewhere. Well pay them better, give them a piece of the ownership, treat them better and they won't leave as quickly.
I think you might be taking the term a little to far. If I said something like "My team won" I am not saying I own or even run the team. It is pretty normal English what Dave said.
You really need to learn to listen, you are so far off its amazing.
@@thejoshpope
The term is normal. And I have heard it a lot. But that doesn't make it right. It also contributes to a bad mind set.
And I have noticed that when managers or owners complain, that it was almost always the correct move for the employee. In this case, it sounds like Dave doesn't want to have to compete with nearby business in order to keep his employees wages down.
@@philliptjackson Let me guess you had a bad experience with one small business owner and now smear the issues across the board? I'm willing to bet you don't know 10 small business owners. For God sake man a possessive determinator does not dictate ownership in the English language. "Eye roll"
no one cares about culture, the only thing that matters is money
Don’t worry Dave is not racist.
He seems like a decent man to me. He hires people of color, made three African Americans part of the face of his brand (Chris, Anthony and Jade) and treats them like everyone else. Considering he was born in Tennessee over 60 years ago I think that shows great maturity and a willingness to look past ones environment and traditions, which few humans do.
The more I watch these videos the more I'm glad I don't work for Dave.
How is this boomer still relevant?