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British challenger platform Monzo wants higher staff turnover

8 pointsby calewisover 5 years ago

2 comments

Trasterover 5 years ago
There&#x27;s something that makes me feel very uncomfortable about this article. It&#x27;s a fact of life that companies change and sometimes they need to focus on different technologies&#x2F;projects&#x2F;challenges. That&#x27;s fine and it causes problems you have to face and it&#x27;s not going to be good for the people you no longer need. Especially if the people you no longer lead took a risk to join your company and have a vesting schedule.<p>So let&#x27;s break it down &gt;Something we could do better at is making it really possible and a really great experience<p>First thing: It&#x27;s not going to be a great experience to be redundant or have the company you&#x27;ve helped build to no longer need you or you&#x27;re no longer contributing.<p>&gt; for people to leave when they know that it’s time<p>What is that even meant to mean? &#x27;they know it&#x27;s time&#x27;? How do they know it&#x27;s time. Is it time because you&#x27;ve fired them? Is it because they&#x27;re redundant.<p>They say they&#x27;ve got great management, but it sounds less like they&#x27;ve got good management, it sounds like they&#x27;ve got management that&#x27;s been lucky. The company has grown quickly and hired quickly and their options scheme means people are massively incentivized to stay. But if you don&#x27;t want people to stay why don&#x27;t you just modify their vesting schedule, or offer them redundancy? Or retrain them? Or move them a different project. The reason you&#x27;re having a problem getting rid of the people you don&#x27;t want is because your management team is failing to make the decisions that are best for the company because they prefer feeling popular. This seems like a bizarre thing to brag about.<p>I think what it comes down to is that I really object to this disingenuous double speak where the company is trying to say &quot;Isn&#x27;t this great! This is a great thing we&#x27;re really happy trying to solve this challenge&quot; - when actually it&#x27;s not a good thing, and it&#x27;s fairly obvious to anyone with a brain, so it&#x27;s quite insulting to have someone to lie to your face like that.
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mattcrailover 5 years ago
Lots of employees at Monzo today asking themselves if their HR person was subtly telling them they should quit