How To Retain Your Best Employees
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- Опубликовано: 5 июн 2024
- Why 3 Million Employees Quit This Month - Patrick Bet-David shares how to retain employees.. Subscribe for weekly content. bit.ly/2aPEwD4
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How to keep an employee:
1. Pay them a wage they can thrive with.
2. Stop treating them like property.
stop doing background checks and acting like a college degree is an end all be all.
@@BigMoonShot Background checks are needed!
@@BigMoonShot absolutely! Most of the kids that go to college are the least skilled workers.
I actually had a2 year degree, ended up the manager of everyone else. Simply because they had no life or business skills
@@BigMoonShot I disagree on this one.
@@BigMoonShot That doesn't make sense, how can I have peace of mind hiring a person thats been in jail twice for theft?
Keeping employees is easy! Whenever you have a good month in revenue give some of those profits to your employees in cash! No amenities, no parties, no “words of encouragement,” no Starbucks gift cards, no certificates, no employee of the month, no taking the team out to eat.
Simply say “hey look we made X amount of money this month here’s some cold hard cash”
💯💯💯
That’s what my company does on top of also doing various luncheons. No wonder some people have stayed there for up to 40 years.
@@Boundlessness what company do you work at? Sounds mythical
@@evanhdez it really is to be honest. It makes sense with their level of generosity given the founder actually used to do heavy blue collar work and the current CEO spent much of his younger adult years also being blue collar, (probably because his father wanted him to sorta walk in our shoes) working the exact machines I have…I’m a mysterious person so where I work is going to remain secret, however ;)
@@Boundlessness you know it’s always been a dream of mine to own a big grocery store, with meat, bakery, deli, restaurant, and produce departments and treat all my employees the way I always wanted to be treated. I know it sounds crazy but I sometimes daydream of it. And no worries man, I understand you take privacy seriously. Keep on living the dream brother!!
People rarely quit jobs... they quit bosses.
The second thing is, as a boss, you have to be "comfortable with" the Pareto distribution.
Third issue is knowing that a functional conservative organization must have someone who is very "creative and open thinking" about ideas for expansion, who is not the "conservative lead".
Usually they get "filtered out" and the organization starts to fail.
When I see the blackboard, I just know. I have to pause everything else I'm doing.
Miron Alex nerd
Best leader ever I bet.
Miron Alex So Many People Quit, Not You, Not This Time💭 Remember Why You Started🚀
The bit on heirarchy makes that team or company seem like a NIGHTMARE of a place to work at. Places that encourage this are always so focused on everyone protecting their ego that good ideas are completely stifled. If you have a problem with someone speaking to you directly because their title in your organization doesn't match your self perceived status then you really need to do some introspection on if you truly value your ego or your product more. Funnily enough Patrick mentions adjusting your language to younger people but doesn't seem to be aware that talented young people more and more are unwilling to be treated like property.
Many mid level management teams of some companies seems to be out of touch of reality or just straight don't care for people or have company culture on paper but nothing solid on reality, hiring people mostly based on CV and x years of experience also can screw up selecting talent
Todsy was a tough day for me . The issue I’m having as CEO is burning out and mentally drainage. For some reason RUclips suggested me this video tbh if this didn’t come up on my feed tonight I was about to actually quit and shut my sales business .. it’s not an easy thing to be a leader. This video it’s almost like it revived me. I will stay strong and continue my journey. Thank you PBD ❤️
Hope you're doing ok.
I quit two jobs in my life. #ToxicManagers #ToxicWorkEnvironment
Hey Patrick, I know this video doesn't have as many views as some other stuff you do, but I absolutely love the blackboard videos. They help come up with a better business model and I hope you keep making more like this, thank you!
Have documented process and procedures and tools that work! In a large corporation the worst thing you can do is tell a person who has a question about a certain task is to go ask someone. I can ask three co-workers a question and get 5 different answers on how I'm supposed to do a task. Don't set up you're employees for failure. Give them the proper tools and ensure there is a constant feed back loop. If a tool or process is rolled out, make sure it works; ask for feedback and ACT on the feedback. Don't tell the employee, I hear you but were not going to fix it.
Best thing I have ever done was getting out of a long term corporate job in the tech industry. The hours, the stress, was not worth it in the long run. Glad I did, and haven't looked back.
Its so true that people don't leave jobs, they leave bad bosses. My job had an open VP position and recruiting told me that we got 3,000 applicants for it.. You are competing not just against people who don't have a job, but also against a ton of people with a job. If you have great leadership (at all levels), you can keep people engaged. So often companies promote people into management because they are good at their job -- but the skills needed to succeed as a manager/direct/VP/C level are different than being good at your original job.
That's not really true. The actual job and/or pay are as big reasons as a bad boss.
@@cutdepiefails6596 That's a good point... In my last 2 companies I worked for the HR folks drilled into us that there are a slew of reasons (which impact employee engagement, which is the primary reason why people leave) why people quit, with poor management being the main catalyst (poor management ties into not building an engaged workforce.. not ensuring salary and raises are appropriate.. not having a healthy environment.. not providing the appropriate training... etc etc). Management is ultimately responsible for all that... Then again, maybe they were drilling it into us because we were the managers So, while you might leave because your salary hasn't increased, that, too, is usually tied to poor management who couldn't influence the changes needed to ensure salaries were good, you were on board with things, etc.
@@GenExDividendInvestor I have been on my own for a while, but when I was in Uni I got a job doing the car returns for a big rental car company, part-time, job was decent (as decent as any job that is related to communicate with costumers), my boss was awesome, the only problem that made people leave was the shitty pay and the long hours and shifts for the guys doing full time.
@@cutdepiefails6596 Gotcha.. so you took the job, even though you knew you would quit soon, but it was worth it for a short time because it was some money which was better than no money.
@@GenExDividendInvestor no, i just needed a job, job was easy enough, and I only had to be there 4 hours. Guys doing full time where there 10 hours (2 lunch hours), but even tho the job was easy enough the pay was too shitty for both the hours out of the house and the rotation (6am to 3.30 pm 2 days of rest, then 3.30pm to 1am next week). Bosses were great, the guys there were top notch, clients, usually 1 major arsehole per 500 returns, but pay for the full timers and hours were really the major factors for them to quit.
I think I quit most of my jobs due to poor wages or the inability of a company to index them to inflating cost of living.
Your research is amazing. There's no one else putting this info out. Thank you PB.
Precisely!
Company I just left believes it's a good thing to cycle employees every 3 years. Guess how they are doing ...
Not building families, increased employee pays, maybe good productivity..
How are they really doing??
@@SritejKumar unskilled, low wages, no moral/ family. lost7 of the Top1 0 Customers in a single year. low skill and no team doesn't do well in I. T.
This is the increasing trend in Canada. No loyalty from employers.
*Always so much information, especially this, and useful for anyone* !
I’d like to see this guy manage the retail industry where there’s not a soul to hire in a race to the bottom era. It’s not always bad bosses....it’s bad industries where racketeering and price fixing are not the cornerstones
You should always have a side Hustle.
Thanks for this. It's totally helpful. Making them excited is very hard.
Thank you so much pat.
"How many people do you think quit their jobs?" Title says 3mill, lol
The title probably wasn't chosen until after the vid was filmed. It's cool. :)
Bryan Flores So Many People Quit, Not You, Not This Time💭 Remember Why You Started🚀
I don't believe that number of employees quit because it doesn't match the numbers. The economy isn't good at the moment especially when you have upto 50 million Americans with no healthcare coverage. There needs to be a living wage.
I don't need to quit my job because I have no job. I am rich!
Not impressed by the guy
Hey Pat, I’m really looking forward to your sales course! Please, make it as soon as possible!
I guessed 100,000 people quit their job every day before the video started. Love this video and your channel. This is the best insight into the employee world you can find. Best way to have growth in the business world and entrepreneurship.
You content is amazing. As a new business owner, I find all of this very helpful. Thank You!
Amazing video by Pat and the Valuetainment Team. 🔥💪👊
As a mid level manager with a horrible boss this video was eye opening. I now know exactly what to look for in future employers/employees.
This guy nailed it ! It's so true what he says ! Every ep. Patrick Bet David still real like day one !
Thanks for the video. When 'getting the best' it is often difficult to know IF they are the best or just come across as the best in meetings when in reality there is more talk than substance- or they 'were' the best but not focused on your business...
Thank you for always helping Bosses hear what they need to hear. Anyone who owns a business should watch all your videos. You've helped alot. Thanks Pat
Soooo good. Lol
Another great one and much needed to watch.
Thanks PBD!
It’s tiring when you keep hiring people and firing them!!!!
The tendency of gossips for bad employee and employer relationships will damage the company reputation!!!
I had a boss tell me that I was willing to do everything none of his other employees were willing to do, so I asked for a raise.....all I heard was silence! This was a fortune 500 co. so I know they could afford it!
Just telling you, an above avg employee, just enough to keep you around. Id call their bluff if you are that good. Tell them you got an offer somewhere else and you get a company car. I did that and they offered a big raise but its hard to match a 30k/yr increase
In a nutshell, employers are thriving by paying their employees as little as possible and expect world-class performance.
There is no employer loyalty again. Don't sacrifice yourself for a company. Work, learn all you can and leverage your assets and leave for the next level of your life at the right time.
You dont ask for a raise when a boss praises you! You asked it when you hit a target or have visible undeniable result.
What you did, thats why most bosses dont complement or appriciate their employees. The employee would ask for a raise without having gained excellent results first.
The fact that the company can afford it doesnt mean they should give it to you!
Was not paid, got laughed at, lectured and berated... had to go!
Take away to them: DO (what you can't/won't do, but ALWAYS expect others to do) IT YOUR G*DAMND SELF!
Mad props and THANKS to those who pay, understand and appreciate!
Bonus thanks to those like the U.S.A.F. for these reasons!
And thanks again Valuetainment )!
Gooood video. I would love to watch another one considering the current economic scenario after many layoffs
This was so good!!!
Great video! I run a 11 restaurant franchise and my number one game changer was focus on accountability and development of mid-mgt! As the owner the idea of RE-emphasize the vision I do daily!!
Good that you highlighted the Adobe conference Pat - most CEO's could care less about creative. Shows you're dedicated to your team, and all of your different departments.
I absolutely hate working for other people. It literally drains every single fiber of my soul right out of me on a daily basis.quite frankly it’s embarrassing working for other people . Health insurance for my family would cost seventeen hundred a month. So I’m going to continue to drag myself to work until I can get this figured out. My empathy is with all of you fellow Americans whom go to work everyday, and listen to the same crap day in and day out. Safety this safety that, no overtime, blah, blah, blah. Twenty three years at a chemical company and on my tenth year at a gas company working for peanuts. I would have been better off selling used vacuum cleaners and stuffed animals.
Hi Patrick, thank you great content as always. I’ve been watching your videos for a couple of years now and I had the privilege of meeting you. Can I please get more information on the two day training that you mentioned on how to work better with people where you sent part of your team?
Keep up the great work brother
my brother Patrick Bet-David, I watched your video and I thought this guy knows what he is talking about I agree with this info. but I had not realize it was you. I met you back years ago in world financial group, I used to break the floor in the Ontario office with Schloeman baseshop and you told me that nobody could do it as I did. Anyways glad to see you brother I am running my leadership training company I wish you the best. Great video
Global US Co of 100+ years. We had a gallop poll of our US employees. 56% were unhappy with another 13% totally checked out. Corporate leadership has lead us to become an apathetic group.
Well designed very informative video thank you I appreciate your input. I will be utilizing some of this You've give me some good ideas.
Me and my friend both run companies but they're small and we struggle to make it big because of employees. We end up running everything ourselves half the time. We need to figure employees out the most.
Great job! Everything is in this video. I love this.
I’m not there yet, but it’s great thing to have an understanding on how to structure your business in advance and what type of leader and culture you want to have
People also leave stagnant wages. Have a performance appraisal program that TIES to salary appraisal. NOBODY wants to hear that annual performance evaluations dont necessarily apply to wage review. Come on!! At least keep up with cost of living.
johnny walker i did ask my landlord, the gass station and the grocery store to lower their expectations but they said; “get a better job”.
This is fantastic.
This was a great presentation!!!
hahahaha, Pat, full of comedy and wisdom, yo videos have improved big time
Excellent content!
I was one of the 3 million this month!
Good for you. Wishing you all of the best. I wish I had the balls, but Im a woman lol
internetmusic123 at least you have sugar walls, right?
What job did you quite and how long were you there for?
@@alexbob5209 I was a Shift Manager for a fast food restaurant. I was there 5 years.
Blackboard? Worth watching!
Mad 😍😍😍 from Zimbabwe 🇿🇼🇿🇼🇿🇼....
@valuetainment thank you very much.
Much love. PBD.
Thank you Pat, from Rocky Point Realty, Rocky Point Mexico.
I deliver for amazon and I’m about to head out
Why? Bad company to work for?
200+ stops 300 packages . Absolutely exhausting and no one gets reviews or advancement.
Stay away from the big coorp. They are human lives sucking while only they get rich.
Amazon use the mentality that using hb1 visa slave workers from around the world the citizens of united states will assimilated it!!!! Fuck amazon i beat the crap out of a dumb ass lead person and start my own company 6 months im making paper like crazy and i was putting a forecast after two years to see revenues but my advice to every ceo treat good workers like gold tell them we here to make fucking paper youre my family we are team work grow some fucking balls and lets make it happen !!!!!! Thats how you make those coins!!!!!!!😹😹😹😹😹😹🎃🎃🎃🎃🎃🎃💪💪💪💪💪💪💪💪💪💪💪💪💪💪
The company I work for made a contract deal with Amazon.
Company has certainly grown
Anybody with any sense of self dignity left and now I see people raising their hand to ask if they can go to bathroom. I'm leaving in a couple months, it was NOT easy making escape plans.
I also want to mention, this company was one of the best that I had joined....
Businesses need to be careful who they get in bed with...
Excellent content.
excellent video and resource
Hi Patrick. Please discuss business case studies again. Thanks
I wouldn't want to go out dining with this guy for a work event. He would probably just watch my plate and hope I don't finish so he'd eat my food after eating his. He just sounds very hungry.
3 million bloggers are born every month.
Wow. Nice ! 👍
Love you all and take care!
Patrick - You talked about hierarchy at @5:50. Can you explain why you had that conversation the way you did?
very nice.
Where do I send my resume at? Customers services beast with 14 years of experience, potential to run operationals like a champ. Working for a big coorp for the last 10, cap salaries, no development, no training.
Hey Pat, let me ask you something about employee training. Which method do you think is the best to retain employees after having them go through a training program? The company I currently work at has a $2500 clause if you leave in 2 years or less after following some of their programs and I think it's a bad idea. What's your take on this?
Love this. This is so on point. I’m currently hiring my first employee for my Airbnb Business. Wish me luck. 👍
Be a good leader and you going to be successful.
Wish you good lucky, I failed my first and second employee, but my third become someone exceeded my expectation
Good for you! 👏🏾
This is very simple.
1. Treat employees with respect and fairness.
2. Pay more than just a supposed "cost of living wage".
Great content as always🔥🔥
Thanks Pat!
On a side note... can someone please tell me what happened to the biz doc?
He was fired
GOOD JOB
UGH that fast chalk drawing is amazing
Great great great video. This is like a free MBA but better
@ valuetainment can you guys try to interview one of these people: Jay-z, Thomas Sowell or Sadghuru? I think these would be great interviews to add to your inventory and they can expand your viewership.
Pat, I really wish and hope that one day you can do an interview with Nassim Nicholas Taleb, that would be amazing.
The strong training program is critical. I’m fresh out of college, trying to learn with minimal training. Any training that was done was mediocre. I’ve been lost and confused at my job for the past year 😞 Trying to squeeze knowledge from mid-level management feels like pulling teeth
I cracked up out loud when I saw the old man with the beard. Great information!
BRILLIANT. TIME-LESS ADVICE TO THE CEO OF EVERY BUSINESS.
Love it, couldn't agree more! Employee engagement & experience is going to be huge in the future post pandemic -- keep up the great content!
Most of what you're saying is hardly ever done by companies. The company I worked for was so bad you had HR people quitting.
*I'm here early cause I'm up early boutta grind* 💪
There you go.
Learn how to talk and spell and you'll be golden
@@misutasutanto6312 i more about language and linguistics than you probably know about your mother edit: or father
It’s very simple, treat your employee’s right and pay them fairly. You cant treat your people like crap, and pay them little to nothing and then cry about them not being “loyal” as they leave. We are all people who have family’s, want to be financially stable, and happy at our work place.
Can you speak to health care leaders? I feel like the industry is a lost cause. 🥺
Retaing good employees is assisted through an understanding of human behaviour and needs at work
0:26 oh Patrick really does right stuff on that wall thought it'd be Mario
A great ceo is never afraid to put in work
Where's that clip from 1:26 from?
Video released on the second day at my new job, totally resonated with me! Think I'll share this with my ex employer lmao
You never mentioned contract. Ie military requires 8 year commitment on fight training. Thanks
Literally building an outline that specifies how we hire, what we look for, culture etc right now
This is another great episode it dosen't help alot of the bosses are no good and leadership skills are garbage.
So Many People Quit, Not You, Not This Time💭 Remember Why You Started🚀
Shareholder value....
Patrick have you heard of Michael DiLeonardo? I’m sure he would be great to interview because it has not been done before...
Hey, Patrick! I would love to work for you!!!
Wait you write on the board yourself!? I always thought someone else did it for you 😂
And I thought wow Pat got a pretty awesome dude doing this stuff 🤣
Doing my Masters in Human Resources Management, this was a great help for a paper I’m doing.
Human resources, eh? Maybe you're the person I can talk to about potentially reporting my boss. Can I share you a story?
@@johnrainsman6650 most definitely what’s up boss.
thats funny about the hostess LOL!!!
I’m disabled from a rare condition, I can’t even work anymore.....but I could listen to him talk all day on this lol!
It might work for some level of people he is working with or culture based on the industry he is associated with. I have never seen this basic level of management on academic level. Sure, elements of what he is saying is common sense but the delivery is more or less blue collar.
money=resource