Comments on: Analysts to Costco: Stop treating your employees so well http://positivesharing.com/2007/07/analysts-to-costco-stop-treating-your-employees-so-well/ Make Yourself and Your Business Happy At Work Fri, 12 Mar 2010 21:46:27 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: “Stop Treating Employees So Well” Pt.2 « WeirdGuy http://positivesharing.com/2007/07/analysts-to-costco-stop-treating-your-employees-so-well/comment-page-1/#comment-135442 “Stop Treating Employees So Well” Pt.2 « WeirdGuy Wed, 01 Aug 2007 15:12:09 +0000 http://positivesharing.com/2007/07/analysts-to-costco-stop-treating-your-employees-so-well/#comment-135442 [...] learned surprised him and will more than likely surprise many of you as well… In my last post I wrote about how Costco treats its employees better than their competitors, get huge profits as a result - and catch flack for it from stock analysts who want them to spend [...] [...] learned surprised him and will more than likely surprise many of you as well… In my last post I wrote about how Costco treats its employees better than their competitors, get huge profits as a result – and catch flack for it from stock analysts who want them to spend [...]

]]> By: Personal finance at KMull.com http://positivesharing.com/2007/07/analysts-to-costco-stop-treating-your-employees-so-well/comment-page-1/#comment-132548 Personal finance at KMull.com Tue, 24 Jul 2007 19:15:58 +0000 http://positivesharing.com/2007/07/analysts-to-costco-stop-treating-your-employees-so-well/#comment-132548 [...] has a sad, yet funny article posted up today about how Costco treats its employees very, very well. And Wall Street analysts don’t want them to do [...] [...] has a sad, yet funny article posted up today about how Costco treats its employees very, very well. And Wall Street analysts don’t want them to do [...]

]]> By: Alexander http://positivesharing.com/2007/07/analysts-to-costco-stop-treating-your-employees-so-well/comment-page-1/#comment-130380 Alexander Thu, 19 Jul 2007 08:17:41 +0000 http://positivesharing.com/2007/07/analysts-to-costco-stop-treating-your-employees-so-well/#comment-130380 Charlie: I agree! Costco certainly think so themselves. I'm sure they're terribly nice people, but I'm sure thyy wouldn't do it if they didn't think it was good business. Alec: It is. But it doesn't have to be! Tobey: Er... Thanks :o) Kareem: Thanks for another great example. Craigslist is yet another company that Wall St. just doesn't get. Carmine Coyote: "the accountant frame of mind" - that's it exactly! And not only is it bad for us, it's costing businesses a lot of money! Jean-Luc: Thanks for that - I'd complete missed the fact that the article is ancient. However... little seems to have changed in either the way Costco treat their people or how Wall St. treats Costco :o) Bill: Heh :o) Abomination: I agree - something has to change in Wall St. The question is, what till it take to change their obsolete mental model? Howie: Yeah, maybe that's it :o) Or maybe their world is just too focused on money - tho the point where they forget that this means that they MAKE LESS MONEY! Will: Not bad for a burger joint. I hear the burgers are pretty good too :o) Helen: You're right and studies confirm this! Charlie: I agree! Costco certainly think so themselves. I’m sure they’re terribly nice people, but I’m sure thyy wouldn’t do it if they didn’t think it was good business.

Alec: It is. But it doesn’t have to be!

Tobey: Er… Thanks :o)

Kareem: Thanks for another great example. Craigslist is yet another company that Wall St. just doesn’t get.

Carmine Coyote: “the accountant frame of mind” – that’s it exactly! And not only is it bad for us, it’s costing businesses a lot of money!

Jean-Luc: Thanks for that – I’d complete missed the fact that the article is ancient. However… little seems to have changed in either the way Costco treat their people or how Wall St. treats Costco :o)

Bill: Heh :o)

Abomination: I agree – something has to change in Wall St. The question is, what till it take to change their obsolete mental model?

Howie: Yeah, maybe that’s it :o) Or maybe their world is just too focused on money – tho the point where they forget that this means that they MAKE LESS MONEY!

Will: Not bad for a burger joint. I hear the burgers are pretty good too :o)

Helen: You’re right and studies confirm this!

]]> By: Helen http://positivesharing.com/2007/07/analysts-to-costco-stop-treating-your-employees-so-well/comment-page-1/#comment-130304 Helen Thu, 19 Jul 2007 02:45:02 +0000 http://positivesharing.com/2007/07/analysts-to-costco-stop-treating-your-employees-so-well/#comment-130304 There's a lot of reason why businesses fail to achieve greatness over their competitors and I think treating employees well isn't one of them. I believe that happiness is a positive factor in the success of business and not a hindrance. There’s a lot of reason why businesses fail to achieve greatness over their competitors and I think treating employees well isn’t one of them. I believe that happiness is a positive factor in the success of business and not a hindrance.

]]> By: Will Ashworth http://positivesharing.com/2007/07/analysts-to-costco-stop-treating-your-employees-so-well/comment-page-1/#comment-130180 Will Ashworth Wed, 18 Jul 2007 18:42:57 +0000 http://positivesharing.com/2007/07/analysts-to-costco-stop-treating-your-employees-so-well/#comment-130180 Another good example of paying employees well and getting great results is IN-N-OUT Burgers in California. They start their hourly employees at $11 per hour and store managers can only be promoted from within. If you want to be a store manager at the company, you must first be an hourly worker. How's that for democratic capitalism? They're not public but a good example of how even a burger joint can do the right thing. Another good example of paying employees well and getting great results is IN-N-OUT Burgers in California. They start their hourly employees at $11 per hour and store managers can only be promoted from within. If you want to be a store manager at the company, you must first be an hourly worker. How’s that for democratic capitalism?

They’re not public but a good example of how even a burger joint can do the right thing.

]]> By: Howie http://positivesharing.com/2007/07/analysts-to-costco-stop-treating-your-employees-so-well/comment-page-1/#comment-129895 Howie Wed, 18 Jul 2007 02:03:49 +0000 http://positivesharing.com/2007/07/analysts-to-costco-stop-treating-your-employees-so-well/#comment-129895 Happiness will always prevail. Those analysts don't know how happiness affects the performance of employees. Perhaps they didn't experienced having wonderful bosses who treat they well. Happiness will always prevail. Those analysts don’t know how happiness affects the performance of employees. Perhaps they didn’t experienced having wonderful bosses who treat they well.

]]> By: How to have an average company. < Spare Change. http://positivesharing.com/2007/07/analysts-to-costco-stop-treating-your-employees-so-well/comment-page-1/#comment-129732 How to have an average company. < Spare Change. Tue, 17 Jul 2007 20:46:35 +0000 http://positivesharing.com/2007/07/analysts-to-costco-stop-treating-your-employees-so-well/#comment-129732 [...] as resources, that like any other corporate item must be bought as cheaply as possible,”  points out Andrew Kjerulf.  This is false economy, because your employee are not a cost center. They are a profit center, [...] [...] as resources, that like any other corporate item must be bought as cheaply as possible,”  points out Andrew Kjerulf.  This is false economy, because your employee are not a cost center. They are a profit center, [...]

]]> By: An underpaid CEO? How radical! http://positivesharing.com/2007/07/analysts-to-costco-stop-treating-your-employees-so-well/comment-page-1/#comment-129714 An underpaid CEO? How radical! Tue, 17 Jul 2007 20:01:51 +0000 http://positivesharing.com/2007/07/analysts-to-costco-stop-treating-your-employees-so-well/#comment-129714 [...] Analysts to Costco: Stop treating your employees so well [...] [...] Analysts to Costco: Stop treating your employees so well [...]

]]> By: Abomination http://positivesharing.com/2007/07/analysts-to-costco-stop-treating-your-employees-so-well/comment-page-1/#comment-129677 Abomination Tue, 17 Jul 2007 18:32:12 +0000 http://positivesharing.com/2007/07/analysts-to-costco-stop-treating-your-employees-so-well/#comment-129677 Bravo to CostCo! This kind of company thinking is what Capitalism should be. The idea that a happy employee is a good employee is a self evident fact. I'm glad that somebody actually realized it. On another note, it's obvious that the something has got to change on wall st. The idea of cruelty turning profits screwed up on multiple levels. If an employee hates his or her boss, she may be tempted to sabotage aspects of the company, at worst, or they may simply become less concered with the quality of their work, a best. Bravo to CostCo! This kind of company thinking is what Capitalism should be. The idea that a happy employee is a good employee is a self evident fact. I’m glad that somebody actually realized it.

On another note, it’s obvious that the something has got to change on wall st. The idea of cruelty turning profits screwed up on multiple levels. If an employee hates his or her boss, she may be tempted to sabotage aspects of the company, at worst, or they may simply become less concered with the quality of their work, a best.

]]> By: bill http://positivesharing.com/2007/07/analysts-to-costco-stop-treating-your-employees-so-well/comment-page-1/#comment-129658 bill Tue, 17 Jul 2007 17:51:22 +0000 http://positivesharing.com/2007/07/analysts-to-costco-stop-treating-your-employees-so-well/#comment-129658 It makes perfect sense if you're focused on money, don't believe in employee-driven productivity, and regard employees as infinitely interchangeable and replaceable. It makes perfect sense if you’re focused on money, don’t believe in employee-driven productivity, and regard employees as infinitely interchangeable and replaceable.

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