95+. That’s how many. This company has 95 VPs in their title and not one business unit is winning. Think about it! Let’s say, just for laughs, that each makes a min 150k salary. Which we all know they probably make more than that, that is $14.2 million in unproductive payroll dollars. Clearly, based on lack luster results in all units, money well spent!! Wonder what the results would start looking like if they were held to the same standards. Mainly a %of payroll $ to sales. Start investing in everyone else and let’s see what difference that will make. Clearly, investing in the top isn’t doing any good.
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OK how many VPs are family members. I was at an event a few years ago and in front of me in line was a very very young lady who ended up and was a VP. She was a Family member working in finance. She was maybe 25 years old. You just never know how many family members are drawing a salary which is why they’re not complaining because they’re drawing money out of the company. I’m just saying. You don’t know what you don’t know and they control the information since it’s a privately held. They obviously are getting what they need however, non-family members are the ones pressuring everybody to get their extra money because their bonuses are depending upon it.
Since the ongoing senior management theory is that the stores should be able to operate at 10% less staff than they have in the previous year and this has been going on for what, 5 years (yeah PdV, genius at work!)? How about reducing the number of VPs to the level it was at in say 2013 and beginning in 2020, reduce that by 10%? Think how much money that would put in the family’s pockets! All the remaining VPs could just work a little harder and there would be no loss in productivity right?
They seem to have lost sight that our business units are businesses of people serving people. And it is very apparent that the corporate level has become very disconnected with the the front line.
And hiring RM’s who are trustworthy.
It has been made very clear time after time how this company feels about it's workforce. And, sad to say, the company fails to recognize the value that a strong and happy workforce can bring to their bottom line. The way I see it, if this company wants to continue to fail, they will keep investing in the top. If they want to get serious and start to make this company great again they will start focusing on the lower end of the spectrum. However, sad to say, I don't think think they have a clue as to what to do. It was an ok attempt at bringing back the 401k matching. However, it would have been a greater attempt if we didn't have to pay for it with higher insurance premiums.
You forgot bonuses and all the other perks they get.
Family lacks basic business acumen.
What's your ROI for all these VP's?