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re: How Would You Handle? Employee spends too much on company card. But is top producer...
Posted on 6/29/22 at 6:48 am to I Love Bama
Posted on 6/29/22 at 6:48 am to I Love Bama
You get what you pay for, boss.
0
Posted on 6/29/22 at 6:50 am to Abstract Queso Dip
quote:
If this in finance that's in violation of FINRA rules baw.
Mind the GAAP.
Posted on 6/29/22 at 7:29 am to Palmetto98
quote:
Fire him, this topic reeks of boomer logic.
What kind of crap is this? I’m Gen X or millennial depending on how you define it and a good salesman.
We don’t all get a trophy, but if we perform in the top echelon we expect a big trophy. We also don’t want the dead wood slowing us down. We work very hard and put our personal reputation on the line, often taking calls night and weekends or being gone all week. We miss our family.
I literally do no take vacations, I sit on 30a on my phone or writing proposals.
F**k this boomer logic nonsense and consider a job teaching first graders. If you can’t run with the big dogs…
This post was edited on 6/29/22 at 7:31 am
Posted on 6/29/22 at 7:31 am to I Love Bama
Back in the day if you weren’t spending a shite ton of money in sales on clients you were doing it wrong. If you wrangle this guys spending in your could be cutting into your revenue stream.
Posted on 6/29/22 at 7:40 am to tigersownall
quote:
Back in the day if you weren’t spending a shite ton of money in sales on clients you were doing it wrong. If you wrangle this guys spending in your could be cutting into your revenue stream.
This money wasn't spent on clients.
Posted on 6/29/22 at 7:52 am to I Love Bama
I’m really curious what this guy spends a week/ month OP? As I said, if he is routinely spending $500+ eating out of a weekend that’s nuts. As in, he has some sort of problem probably and it’s eventually going to catch up to you.
I don’t think there’s anything wrong at all spending $250 on a dinner, even for 1. As said that’s a $100 bottle of wine, a nice cocktail or whiskey, a $80 steak, a couple sides, and a crappy tip.
But if that’s a once a week thing and he’s hitting up Ruth’s Chris type places for $100 meals for his ‘cheap’ dinners that’s a sign of a problem.
I’d be curious what his pay would be compared to others in the field, and like I said your biggest issue is why the rest of the team sucks so bad?
I don’t think there’s anything wrong at all spending $250 on a dinner, even for 1. As said that’s a $100 bottle of wine, a nice cocktail or whiskey, a $80 steak, a couple sides, and a crappy tip.
But if that’s a once a week thing and he’s hitting up Ruth’s Chris type places for $100 meals for his ‘cheap’ dinners that’s a sign of a problem.
I’d be curious what his pay would be compared to others in the field, and like I said your biggest issue is why the rest of the team sucks so bad?
Posted on 6/29/22 at 4:18 pm to I Love Bama
quote:
How Would You Handle? Employee spends too much on company card. But is top producer...
Keep a total and add it to his 1099 or W-2 as income. Otherwise, just mention it to him that you are ok with it for now but that over the per diem you have to class it as wages.
Posted on 6/29/22 at 4:21 pm to I Love Bama
Set him straight right now! Give them an inch they’ll take a mile. He’ll push that envelope as far as he can.
Posted on 6/29/22 at 4:30 pm to fr33manator
quote:
I’ve got a better idea.
He’s just getting the “top producer bonus” which increases the daily limit for that guy.
If the other employees want that, they have to outsell him. and if he wants to keep that perk he has to stay on top
Posted on 6/29/22 at 5:26 pm to I Love Bama
I’d throw him through a wall to assert who the boss is.
Posted on 6/29/22 at 5:39 pm to I Love Bama
There have been lots of good suggestions on how to handle it. Here’s a thought or two about WHY it should be handled.
Ignoring this will change the dynamics of your business. And it is your business not his. He knows you know. Ignoring this shows weakness. And more likely than not, others know about it and will think the same thing. They’ll also wonder if they should get over on you too.
Hint: This guy is not going to retire any time soon. And he won’t retire after 20 years with you. You’ll have to do without him sooner or later. So…
And no he won’t quit if you rein him in. Any other job worth having will have rules too. And they will enforce them.
Per diems don’t make sense under these circumstances. A legit business expense should be treated as such no matter how much it is. A boondoggle is a boondoggle no matter how little. Make employees justify and reimburse. It’s easy really.
Ignoring this will change the dynamics of your business. And it is your business not his. He knows you know. Ignoring this shows weakness. And more likely than not, others know about it and will think the same thing. They’ll also wonder if they should get over on you too.
Hint: This guy is not going to retire any time soon. And he won’t retire after 20 years with you. You’ll have to do without him sooner or later. So…
And no he won’t quit if you rein him in. Any other job worth having will have rules too. And they will enforce them.
Per diems don’t make sense under these circumstances. A legit business expense should be treated as such no matter how much it is. A boondoggle is a boondoggle no matter how little. Make employees justify and reimburse. It’s easy really.
Posted on 6/29/22 at 6:03 pm to I Love Bama
Tell him you aren't going to nickle and dime him, but he doesn't need to be shitting all over you. Professionally
Posted on 6/29/22 at 7:17 pm to I Love Bama
Stop being a bitch and let that Chad pony run.
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