This Entrepreneur Is Perplexed As To Why People Have Refused To Work For Him, Receives A Ruthless Answer That He Never Expected
Vaynerchuk hit the nail on the head, leaving both the entrepreneur and other business owners at the event in awe.
Some business owners think low morale is a mystery, until someone finally says the quiet part out loud. In this case, a viral clip from a Gary Vaynerchuk speaking event put that tension on full display.
The audience member at the center of the story admitted he was struggling to motivate employees and wanted to know whether he was to blame. Vaynerchuk, who leads VaynerX and VaynerMedia, answered in a way that was blunt, direct, and hard to ignore.
What followed was a sharp reminder that hiring, pay, and expectations do not always line up the way bosses think they do.
Vaynerchuk reveals what every business owner should know.
Gary Vee
Gary Vee
Gary Vee
In his opinion, the buck stops at the table of the CEO. "It's 100% you."
Gary Vee
Gary Vee
From what the man in the audience revealed, Vaynerchuk told him bluntly that he isn't a good leader.
Gary Vee
Gary Vee
Vaynerchuk advised on how to manage expectations.
Gary Vee
Gary Vee
It’s like the time I questioned my friend’s decision to quit their job for a risky venture.
"...you can't ask an employee to work as hard as you [the owner] or create a false expectation versus how much you compensate them."
Gary Vee
Gary Vee
Gary Vee
Vaynerchuk revealed that the major reason why many business owners can't build scalable businesses is because, "...they have selfish expectations of their employees."
Gary Vee
Gary Vee
Get a glimpse of the scene below.
There's a good chance that many more business owners are beginning to recognize what the man in the video has learned. As previously documented in our post, "The Great Resignation," approximately 4.3 million Americans quit their positions in just August alone.
It's not only a U.S. problem either; laborers are scarce in many countries throughout the world. A lack of manpower or raw materials is compounding supply chain disruptions around the globe and making it difficult for major businesses to get back on track.
The result is a disruption of local and global production and supply networks, leading to a slowdown in economic growth as well as a shortage of goods and services for customers. In a recent study conducted by Robert Half, 38% of professionals interviewed believe that their careers have stagnated since the pandemic began. For workers between the ages of 18 to 24, that figure rises to 66%.
Around half of that 38% reported experiencing stagnation in terms of pay growth, job promotion, and skill development. For those workers whose sentiments about their employment have been affected by the pandemic, researchers found that one in three of them wish to change jobs and pursue something more fulfilling.
It's going to take more than free snacks for employers to keep their workers happy.
Reactions started pouring in after the video went viral. Here's what some folks had to say about the conversation.
Gary Vee
Gary Vee
Acknowledging the facts.
Gary Vee
"Employees are an investment, not a commodity."
Gary Vee
Sometimes the job is not the problem; it's bad management.
Gary Vee
Gary Vee
Know the difference.
Gary Vee
If you are a business owner who doesn't understand why people don't want to work for your company, this is the perfect answer. Sometimes it just comes down to how much an individual feels there will be growth opportunities with your company.
When it comes to hiring, you want to understand what motivates your potential employees. If you can show them how their needs will be met by joining your team, then there is a much better chance they will say yes!
People have different motivations when it comes to choosing where they'll spend their working hours each day, which means employers need to understand these differences in order to create a culture that attracts top talent who can help grow the company into something even more successful than ever before!
Want the family finance fallout? See why inheriting a business left me torn about supporting struggling siblings.