Understanding The “Boss” Mentality
posted in Career, Money, Using Law Of Attraction At Work, Are You Asset Or Liability, Henry Ford, Boss Mentality |Hey Folks,
Welcome to the first installment of “Are You An Asset Or Liability To Your Company?” series. It is my sincere hope that this series will provide you with an overview of:
1) How your top bosses (defined as anyone that is in control of your performance appraisal and promotion. It includes also by default, the top boss as in your CEO or MD or President, etc) think;
2) What is required in an employee to be considered an asset to the company;
3) How to secure the promotion or pay increment that you always wanted so badly; and
4) How not to be a liability.
Throughout my series, I will be quoting heavily from Henry Ford - One of the most successful industrialist that revolutionized the transportation and American industry in the early 20th century. Some of his quotes describes the fundamentals of a business and they apply to the businesses in his era and are still relevant even today.
Juggling The 3 Variables Of A Business
First of all, in order to be an asset to your boss, you will have to solve his problems. All business in this world have a common problem, it is defined by Henry Ford elegantly in an equation as quoted below:
“There is one rule for industrialists and that is:
make the best quality of goods possible at the lowest cost possible,
paying the highest wages possible.”
- Henry Ford
The quote says it all. Compare it to what your company is doing in general, are they trying to produce the best good at the lowest cost possible? Yes. Are they paying you the highest wages possible? You may not think so! Why? The reason is in the next quote:
Competition is the keen cutting edge of business,
always shaving away at costs.
- Henry Ford
Competitive Wages
It’s been about a century from Henry’s time, and in that time competition within the industry and outside the industry has forced companies to cut cost dramatically. When all other costs cannot be further reduced, companies will start cutting back labor cost! First by improving efficiency via process improvements and work skill improvement. Next by replacing labors with automation. And lastly by cutting down on redundant labor cost (aka retrenchment). We will elaborate more on the how external factors are shaping how companies operate today and how it affects you as an employee in our next post “Understanding The Effects Of Globalization And Outsourcing”.
In today’s society, most company will pay only minimum wages possible to keep you in your job and not a single cent more. There is even a acronym for J.O.B which stands for Just Over Broke, which is closer to the truth then most employees or bosses want to admit. That is the truth and the earlier you realize that, the better you can appreciate how to be an asset to your company. We will elaborate more on this in our later post “Understanding The New Economy”.
Attracting More Pay
So in a society of ever raising standard of living, is there any hope of securing a higher pay? Fortunately there is (if not I won’t be writing right!) and we will talk about them in “Misconception of Key Performance Indicators, Promotions and Pay Increments”.
And finally, I will share with you the golden rules to make yourself a start employee in “How To Be An Asset And Not A Liability”! Stay Tune!
Cheers
James
PS1: I will keep this series short and to the point (based on popular request). Thanks for the feedback!
PS2: My experience attending Anthony Robbins seminar yesterday was AWESOME. I can’t wait to share them with you and as usual I will flavor it with my perspective and how you can apply them practically. But it will have to wait till I have completed the current series. Probably by next week 
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