Two Plus Two Newer Archives  

Go Back   Two Plus Two Newer Archives > Other Topics > Business, Finance, and Investing
FAQ Community Calendar Today's Posts Search

 
 
Thread Tools Display Modes
Prev Previous Post   Next Post Next
  #6  
Old 11-30-2007, 01:29 PM
Jimbo Jimbo is offline
Senior Member
 
Join Date: Sep 2002
Location: Planet Earth but relocating
Posts: 4,376
Default Re: Moral Hazard problem in a small business

[ QUOTE ]
There are too many variables for such software - what kind of load it is, when it needs to be there, the drivers' special needs (doctors' appointments, family obligations, general whining), and a bunch of others that need human discretion.


[/ QUOTE ]

There is commercial software on the market that will do this but it might not prove cost effective for you.

Personally I would treat it like I did in my bar business. I know that 75% of my employees were going to steal from me. I added some incentive bonus programs and reduced it to 50%, I fired the worst offenders and made sure the remaining ones knew why. I tolerated the remaining amount of theft as both inevitable and just a cost of doing business. Afterwards I slept well at night and hardly thought about the thefts again other than to monitor the ratio and make sure it stayed in line with acceptable losses.

Jimbo
Reply With Quote
 


Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump


All times are GMT -4. The time now is 08:21 AM.


Powered by vBulletin® Version 3.8.11
Copyright ©2000 - 2026, vBulletin Solutions Inc.