Help Your Employees Thrive, Not Survive

By Bob Wang, CPA, CA

2 min read

At our office, we have two parking slots, and it’s first come first serve. Today, I got the first spot (because I showed up early), and the second was taken by our associate (let’s call him Bono because he’s a superstar). Bono recently passed his driver’s exam and, in celebration, got a brand new Mazda 3. It’s top of the line, with a sports mode, heads-up display, Bose speaker system and leather interior. Not bad for a Mazda 3, right?

It was surreal for me to realize what this meant: that Legacy Advantage, an outsourced bookkeeping services firm, has provided Bono with the financial and emotional stability to commit to a new car lease.

Now, you may be thinking that I’m reading a lot into a car purchase. But, really, I’m not. Bono is betting his car lease ON US, on our company and on what we’ve built. Beyond providing a great employment experience, our goal was always to provide our associates with a wage that enabled them not just to survive, but also to thrive, in Vancouver, B.C., one of the world’s most expensive cities. And, looking at Bono’s Mazda 3, it hit me that our employees were starting to do just that – to thrive.

A few moments later, I was talking with another one of our associates (let’s call her Taylor because, you know, she’s a superstar, too). Taylor is relocating to the suburbs. She wants to stay in Vancouver, but housing prices are just too crazy. That got me thinking, what does it mean to thrive? Right now, for Bono, it means owning a car, but for Taylor, it means having a place of her own in the city that she loves. Thriving is different things for different people, but easily put, I think thriving is achieving personal goals.

As an employer, I have a responsibility to my team. I have to lead them. And, as a leader, I have to serve them. And, as a servant, it’s my responsibility is help them achieve their goals. So, I asked myself, what can I do to help Taylor achieve her goal of buying a place in Vancouver?

I don’t have an answer yet, but the point is that as a business owner, you should be asking the question.

You have a very real responsibility to help your employees grow in their careers, help them provide for their families, and to look out for their emotional, financial and intellectual needs. So, find out what your employees’ goals are, and then help them make those a reality. If your employees thrive, so will your company.

Information may be abridged and therefore incomplete. This document/information does not constitute, and should not be considered a substitute for, legal or financial advice. Each financial situation is different, the advice provided is intended to be general. Please contact your financial or legal advisors for information specific to your situation.

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