Yay! The coolest thing happened today! I was communicating a hard decision when I got some unexpected support for our fledgling company.
I've been tutoring a great student at the Memphis Literacy Council now for many months. She's committed and at a pretty advanced level. Unfortunately, I don't have adequate time to prepare lessons and it is only getting worse with wanting to work on the business every spare minute. So, I'd decided to take a hiatus from tutoring and was telling the program advisor my decision when she inquired about the non-profit idea I am working on. I hesitated telling her because I was in a hurry...a common dilemma I create for myself. Well, for whatever reason, I decided to forgo the urge to run and instead began telling her about Community Collaboration Services. The woman LIT UP and started talking excitedly about how this is exactly what Memphis needs and that this is exactly what funding organizations are looking for. Turns out that the MLC just joined a coalition led by Mid-South Reads to work together on addressing the literacy issues in Memphis. They are defining the space each organization will work in and working together on some funding opportunities.
She also went on to explain that local funding sources are demanding not only that you work with other organizations in your space, but also that you can show progress and measurable results. She gave me materials from a workshop she attended on 5/1, which was put on by the Non-Profit Alliance...which looks like it might be a good company to work with on our goals. We also discussed several of the other organizations on my "must socialize idea with" list.
We closed our discussion with an assessment of Memphis. She took the words out of my mouth by saying that this city is unnecessarily hard on itself AND it always looking for another city to emulate, versus just taking pride in what's already here. We agreed that highlighting the progress would be a huge step forward. According to her, we have some unbelievably giving people, both financially and of their time. Her enthusiasm and support were infectious and I left her office flying high, anxious to get home and tell Cameron.
Add to that, during the car ride I heard the re-broadcast of Drake and Zeke from the morning. They were talking about how Memphians are flooding the city council with emails and phone calls because they are just sick and tired of the way Memphis is run. I really hope so...and maybe Drake and Zeke could be an ally! Listening to their rhetoric I could already hear myself on their show pitching collaboration......
Thursday, May 14, 2009
We're 99% Incorporated!
In my last post about Earth Day, I lamented about how there are so many organizations working to affect positive change in Memphis, yet they don't appear to be working together. I suggested that someone should help them to do this. Well, Cameron and I have decided that someone should be us! In reality, I may have talked Cameron into a little, but I think he's starting to really own the idea as much as I am.
We've been hashing the idea around, making mind maps and loads of lists. Lists of what's in the idea and what's not. Who the audience is and what benefits they reap. What jobs are needed to make the idea a reality. Who we might approach for funding. The different kinds of organizations we want to help. All kinds of stuff. With each iteration, the idea gets a little bigger and more complex. That's both a good and bad thing.
Today, however, we took a really big step. We filed our Articles of Incorporation with the state of TN. This is also called a Charter. Doesn't seem like such a big deal...you can even file online (though the website isn't very intuitive), but a lot of research went into filing out a one page document! Turns out you can really mess up your application for tax-exempt status (which doesn't come until later) if you don't put in certain provisions. Talk about stressful! It would be great if they had some kind of live help feature, because winging it and consulting books along with the Google God does not feel comfortable on something this important. It only cost us $100, but once the filing is accepted, we're a legit corporation!
Now it really feels like the pressure is on. There is a lot to do before you even start executing on an idea. You have to draft bylaws, decide on/elect a board of directors, hold your first meeting, write your business plan with projected financials and then request 501 (c) (3) status from the IRS. It's only one form but multiple sources say it takes several hours and you should plan to consult an attorney. Why are we going 501 (c) (3) you ask? Because we plan to solicit grants as a primary revenue source and almost all grant applications require that you be a 501 (c) (3) to qualify. While we wait to hear back on our application, which can take a few months, we can try to find another non-profit to be our financial sponsor, which would allow us to apply for and receive grants in the interim.
So what's the idea? Well, I've leave you with a teaser as I need to head to bed. Here's our draft mission statement. Refinement ideas are welcome! I know it lacks details...that'll come in the underlying tactics...but do tell me if it doesn't make sense to you.
Community Collaboration Services improves neighborhoods, communities, and cities by providing a platform of tools and expertise to enable, measure and publish progress against community-defined issues. We foster resident awareness of community challenges, collaboration amongst organizations and individuals addressing those challenges and focused volunteerism to support progress.
We've been hashing the idea around, making mind maps and loads of lists. Lists of what's in the idea and what's not. Who the audience is and what benefits they reap. What jobs are needed to make the idea a reality. Who we might approach for funding. The different kinds of organizations we want to help. All kinds of stuff. With each iteration, the idea gets a little bigger and more complex. That's both a good and bad thing.
Today, however, we took a really big step. We filed our Articles of Incorporation with the state of TN. This is also called a Charter. Doesn't seem like such a big deal...you can even file online (though the website isn't very intuitive), but a lot of research went into filing out a one page document! Turns out you can really mess up your application for tax-exempt status (which doesn't come until later) if you don't put in certain provisions. Talk about stressful! It would be great if they had some kind of live help feature, because winging it and consulting books along with the Google God does not feel comfortable on something this important. It only cost us $100, but once the filing is accepted, we're a legit corporation!
Now it really feels like the pressure is on. There is a lot to do before you even start executing on an idea. You have to draft bylaws, decide on/elect a board of directors, hold your first meeting, write your business plan with projected financials and then request 501 (c) (3) status from the IRS. It's only one form but multiple sources say it takes several hours and you should plan to consult an attorney. Why are we going 501 (c) (3) you ask? Because we plan to solicit grants as a primary revenue source and almost all grant applications require that you be a 501 (c) (3) to qualify. While we wait to hear back on our application, which can take a few months, we can try to find another non-profit to be our financial sponsor, which would allow us to apply for and receive grants in the interim.
So what's the idea? Well, I've leave you with a teaser as I need to head to bed. Here's our draft mission statement. Refinement ideas are welcome! I know it lacks details...that'll come in the underlying tactics...but do tell me if it doesn't make sense to you.
Community Collaboration Services improves neighborhoods, communities, and cities by providing a platform of tools and expertise to enable, measure and publish progress against community-defined issues. We foster resident awareness of community challenges, collaboration amongst organizations and individuals addressing those challenges and focused volunteerism to support progress.
Sunday, April 19, 2009
Earth Day @ Shelby Farms
Today was a good day.
In spite of the ferocious rain this morning, Cameron and I checked out the Earth Day festivities at Shelby Farms. We intended to zip in and out in an hour and instead left 4 1/2 hours later with a fresh dose of assurance that Memphis has lots of good stuff going on if you take the time to look. There are some passionate people here, who through their niche efforts are all trying to make our city more sustainable, more livable, fitter, safer, smarter....in short, better than it is today.
Amongst the booths were big companies, like International Paper, Cummins, TVA and MLGW, FedEx and Whole Foods. I'm not sure why Harrah's was there, handing out coupons for gambling in Tunica, but maybe they threw in some money as a sponsor. Arguably more interesting were all the small businesses and non-profits out sharing their products, programs and messages. Amongst the small businesses, we met industrious folks who are pushing forward, despite the turbulent economy, such as 3-person Crete Unique, a company crafting concrete and recycled glass countertops. They recently did the counters of Terra House, a residence shooting for platinum LEED certification built in partnership with University of Memphis. We also chatted with Guidon at Re-Hy, whose company turns used glass bottles into beautifully etched reusable bottles for water, vinegars, etc. At Eco Systems, we signed up for a lawn estimate after hearing their system for lawn maintenance using turkey litter and no petroluem or chemicals. Finally, with Above and Beyond electricians we found a whole new spin on hiring an electrician, by offering unique value add services for those wanting to increase their energy efficiency.
In the non-profit arena, we met committed folks focused on all kinds of challenges the city faces. Clean Memphis is attacking the litter problem in Memphis one neighborhood at a time and raising the priority of recycling services at large-scale festivals and events. Shelby Farms Conservancy and Wolf River Conservancy both have ambitious master plans for designing premier green spaces that protect the ecological balance and allow for a wide range of outdoor adventures. Greater Memphis Greenline is enabling residents to traverse the city and reach Shelby Farms by bike or foot through creation of paved multi-use paths that leverage old CSX rail lines, while MidSouth Trails Association builds and maintains off-road bike trails through the region.
Complimenting the creation of great places to be active are groups trying to encourage Memphians to get off the couch, such as Get Moving Memphis. This city-wide effort sponsored by the The Memphis Flyer matches people interested in an activity with both a coach and the opportunity to try it out and the ongoing encouragement to stay motivated. Outdoors Inc, Peddler Bike Shop, Better Bodies Yoga...all have a role to play in this movement, as do the Tornado Alley Sailing Club and Disc Golf Club. It would seem that if there is an activity you want to do in Memphis, there is a club for it!
On the food front, Grow Memphis plants and oversees community gardens in about a dozen neigborhoods, while the Master Gardern's Urban Project uses public gardens at Shelby Farms to grow fesh vegetables that go straight from the field to the Memphis Food Bank. Last year they harvested 7K tons of veggies!
This is only a sampling of the booths we engaged with at Earth Day, but goes to show the variety of work underway. Yet this work is all connected too. Each group touches another in some way. There is a clear need for non-profits / service organizations and even small businesses to have visibility to the work of their peers and for the public to find ways to engage without having to happen across the website of each group. A forum is needed to tie everything together. But I digress...
I now have a ton of seeds to plant (wildflowers were the chic giveaway this year), a rainwater barrel to build, an oak tree to find a home for (International Paper needs to re-think their sapling giveaways), a clean-up to sign up for, coupons to spend at Whole Foods and a new concrete w/ recycled glass counter top to talk Cameron into. Phew. If only there were more hours in the day...or if this could all somehow be my day job :-)
In spite of the ferocious rain this morning, Cameron and I checked out the Earth Day festivities at Shelby Farms. We intended to zip in and out in an hour and instead left 4 1/2 hours later with a fresh dose of assurance that Memphis has lots of good stuff going on if you take the time to look. There are some passionate people here, who through their niche efforts are all trying to make our city more sustainable, more livable, fitter, safer, smarter....in short, better than it is today.
Amongst the booths were big companies, like International Paper, Cummins, TVA and MLGW, FedEx and Whole Foods. I'm not sure why Harrah's was there, handing out coupons for gambling in Tunica, but maybe they threw in some money as a sponsor. Arguably more interesting were all the small businesses and non-profits out sharing their products, programs and messages. Amongst the small businesses, we met industrious folks who are pushing forward, despite the turbulent economy, such as 3-person Crete Unique, a company crafting concrete and recycled glass countertops. They recently did the counters of Terra House, a residence shooting for platinum LEED certification built in partnership with University of Memphis. We also chatted with Guidon at Re-Hy, whose company turns used glass bottles into beautifully etched reusable bottles for water, vinegars, etc. At Eco Systems, we signed up for a lawn estimate after hearing their system for lawn maintenance using turkey litter and no petroluem or chemicals. Finally, with Above and Beyond electricians we found a whole new spin on hiring an electrician, by offering unique value add services for those wanting to increase their energy efficiency.
In the non-profit arena, we met committed folks focused on all kinds of challenges the city faces. Clean Memphis is attacking the litter problem in Memphis one neighborhood at a time and raising the priority of recycling services at large-scale festivals and events. Shelby Farms Conservancy and Wolf River Conservancy both have ambitious master plans for designing premier green spaces that protect the ecological balance and allow for a wide range of outdoor adventures. Greater Memphis Greenline is enabling residents to traverse the city and reach Shelby Farms by bike or foot through creation of paved multi-use paths that leverage old CSX rail lines, while MidSouth Trails Association builds and maintains off-road bike trails through the region.
Complimenting the creation of great places to be active are groups trying to encourage Memphians to get off the couch, such as Get Moving Memphis. This city-wide effort sponsored by the The Memphis Flyer matches people interested in an activity with both a coach and the opportunity to try it out and the ongoing encouragement to stay motivated. Outdoors Inc, Peddler Bike Shop, Better Bodies Yoga...all have a role to play in this movement, as do the Tornado Alley Sailing Club and Disc Golf Club. It would seem that if there is an activity you want to do in Memphis, there is a club for it!
On the food front, Grow Memphis plants and oversees community gardens in about a dozen neigborhoods, while the Master Gardern's Urban Project uses public gardens at Shelby Farms to grow fesh vegetables that go straight from the field to the Memphis Food Bank. Last year they harvested 7K tons of veggies!
This is only a sampling of the booths we engaged with at Earth Day, but goes to show the variety of work underway. Yet this work is all connected too. Each group touches another in some way. There is a clear need for non-profits / service organizations and even small businesses to have visibility to the work of their peers and for the public to find ways to engage without having to happen across the website of each group. A forum is needed to tie everything together. But I digress...
I now have a ton of seeds to plant (wildflowers were the chic giveaway this year), a rainwater barrel to build, an oak tree to find a home for (International Paper needs to re-think their sapling giveaways), a clean-up to sign up for, coupons to spend at Whole Foods and a new concrete w/ recycled glass counter top to talk Cameron into. Phew. If only there were more hours in the day...or if this could all somehow be my day job :-)
Monday, January 26, 2009
Blogging & a Healthy Lifestyle...consistency is not my thing
So, it's been more than a month since I wrote anything here. I've had plenty to say...but never seemingly the moment to write it up. Maybe it is just like a healthy diet and exercise...once you build the habit, it comes more easily...but creating the habit is the hard part!
I am back on the wagon of less alcohol, better food choices and lots more exercise. Unlike previous efforts though, I'm not making it an all consuming, blot-out-everything-else program. I've walked, jogged, and biked that road before; infact, I know it like the back of my hand. Instead, this time I'm trying to be more reasonable. Incorporating smaller changes and doing it to feel better. Of course the number on the scale still matters - I haven't self-actualized that far along yet, but I don't want it to be the only thing that counts. Feeling strong and fit again is just as important. Having evergy versus always being tired. Waking up alert and ready for the day, versus in a fog until the 3rd cup of coffee. And yes, clothes actually fitting would be good (and money saving) as well.
I'm using the Weight Watchers online system. We're not strangers. It worked for me before and it will be effective again if I make good choices. I love that it makes exercise a way to earn points, which can then be redeemed for more food. It definitely is an incentive to be active. Today I did a "butts & guts class" followed by a step class. It is my second step class (first one was on Saturday.) It was hard, but mostly because I don't know what all the stupid moves are called. So I spent the whole class trying to get my footwork right and to not trip over the %&$ step. I did pretty damn well, if I do say so myself - and I felt awesome driving home. I hope I can harness that feeling. Over the years, exercise has become a chore and almost like punishment. I need to get re-inspired and find a goal that I actually want to do. Right now, nothing sounds all that appealing, so for now, just doing something every day is a good start.
I'm going to sign off saying that I feel much better tonight than I did this morning. When I stepped on the scale this morning, I was stunned...and not just by the coldness of the tile floor. The scale has gone up five more lbs in the past week and while I'm sure it is mostly water weight (sometimes I hate being a girl), it was a crushing way to start my Monday. That said, I'm proud of recovering well...using my points allocation wisely and getting in my exercise. Limiting myself to two cups of coffee and drinking lots of water all day. Taking my handful of vitamins, eating my veggies and snacking on low-fat dairy and fruit. A good day. I am super ready for bed, so I may blow off the work I need to do and just get a good night's sleep. After all, plenty of sleep is essential for good health as well :-)
I am back on the wagon of less alcohol, better food choices and lots more exercise. Unlike previous efforts though, I'm not making it an all consuming, blot-out-everything-else program. I've walked, jogged, and biked that road before; infact, I know it like the back of my hand. Instead, this time I'm trying to be more reasonable. Incorporating smaller changes and doing it to feel better. Of course the number on the scale still matters - I haven't self-actualized that far along yet, but I don't want it to be the only thing that counts. Feeling strong and fit again is just as important. Having evergy versus always being tired. Waking up alert and ready for the day, versus in a fog until the 3rd cup of coffee. And yes, clothes actually fitting would be good (and money saving) as well.
I'm using the Weight Watchers online system. We're not strangers. It worked for me before and it will be effective again if I make good choices. I love that it makes exercise a way to earn points, which can then be redeemed for more food. It definitely is an incentive to be active. Today I did a "butts & guts class" followed by a step class. It is my second step class (first one was on Saturday.) It was hard, but mostly because I don't know what all the stupid moves are called. So I spent the whole class trying to get my footwork right and to not trip over the %&$ step. I did pretty damn well, if I do say so myself - and I felt awesome driving home. I hope I can harness that feeling. Over the years, exercise has become a chore and almost like punishment. I need to get re-inspired and find a goal that I actually want to do. Right now, nothing sounds all that appealing, so for now, just doing something every day is a good start.
I'm going to sign off saying that I feel much better tonight than I did this morning. When I stepped on the scale this morning, I was stunned...and not just by the coldness of the tile floor. The scale has gone up five more lbs in the past week and while I'm sure it is mostly water weight (sometimes I hate being a girl), it was a crushing way to start my Monday. That said, I'm proud of recovering well...using my points allocation wisely and getting in my exercise. Limiting myself to two cups of coffee and drinking lots of water all day. Taking my handful of vitamins, eating my veggies and snacking on low-fat dairy and fruit. A good day. I am super ready for bed, so I may blow off the work I need to do and just get a good night's sleep. After all, plenty of sleep is essential for good health as well :-)
Friday, December 19, 2008
The tube is nice, but I love my car
We came to London, in part, to study dense urban environments and how people adapt to living in them. Using the tube as our primary transportation method since we arrived has been an eye opening experience. While the tube is liberating in some ways, it also means thinking carefully and critically about everything you want to get done in a day. Yes, you can just "pop over" to another part of London, but nothing is a five or even ten minute journey. Many times you are moving in an ocean of people on, then off and mutely following the "way out" signs. More than once, I found myself rushing through stations, running late and beholden to when the train decided to show up. It is a bit draining being underground and makes it tricky to transport items, such as any purchases bigger than a newspaper or a cup of coffee. People who commute on the tube must plan out their shopping for carrying it home can be a literal drag. I guess what I noticed most is that you give up a lot of control.
In Memphis, we drive everywhere. I know I've complained about the lack of usable public transportation, but I also like the freedom of having a car. This has been reinforced to me this week. You're not beholden to anyone else's schedule. You can pop out for errands at lunch and store the purchases in your trunk. You can go to the gym after work , grabbing your workout bag from the trunk, just next to those earlier purchases.
In your car, there's no one invading your personal space and you dictate the environment from the temperature to the music. Your car can be an escape pod. A chance to catch up with friends on your cell phone. You can buy two weeks of groceries and only worry about lugging them to the car and from it into the house.
All I'm really saying is that while I love the idea of more public transportation, I can see why we have a car culture. It's convenient and allows us to be as selfish as we want to be. I'm not sure that's sustainable, but that's a story for another post.
In Memphis, we drive everywhere. I know I've complained about the lack of usable public transportation, but I also like the freedom of having a car. This has been reinforced to me this week. You're not beholden to anyone else's schedule. You can pop out for errands at lunch and store the purchases in your trunk. You can go to the gym after work , grabbing your workout bag from the trunk, just next to those earlier purchases.
In your car, there's no one invading your personal space and you dictate the environment from the temperature to the music. Your car can be an escape pod. A chance to catch up with friends on your cell phone. You can buy two weeks of groceries and only worry about lugging them to the car and from it into the house.
All I'm really saying is that while I love the idea of more public transportation, I can see why we have a car culture. It's convenient and allows us to be as selfish as we want to be. I'm not sure that's sustainable, but that's a story for another post.
Thank god for the mini bar
Today was our last day in London. The weather was fabulous with the sun sparkling off the Thames as we walked alongside it to our vendor's office. As we walked, I looked out at the many bridges, each with their own character and story. As we passed Millenium Bridge, it took me back to Erin & John's wedding and my last trip to the U.K., where my groomsman partner told me about how he'd helped to test the stability of that bridge.
The business stuff was good today, but the real fun came after work for it was time to make the expedition to the airport. O.P., Lisa (my colleague and his wife) and I are staying at the airport Hilton tonight as we have early flights in the morning. After a lamb burger with fresh blue-veined farmhouse cheddar on a toasted roll from a stall in Borough Market (a spectacular market featuring every imaginable kind of cheese, meat and other speciality items) and a Wharf Winter Ale (think Newcastle, but better) from a local micro-brewery to fortify us, we picked up our bags from our home for the past ten days and took a taxi to the train station. The taxi was a private car for hire, which was a little worriesome, but after managing to cram all the luggage in the tiny hatchback trunk (weird for a taxi, no?) we were pretty much committed. Traffic was crazy as usual and 40 minutes later we arrived at Paddington Train Station. The "tube" might have been quicker, but none of us could stomach the idea of hauling our luggage up and down several flights of stairs and then cramming ourselves with that luggage into already overflowing subway cars. We've been using the tube for almost two weeks now and we just couldn't endure what would surely be torture. Not to mention, it is the last Friday of the year for many working folk here in London so the crowds were even bigger than normal.
At Paddington we easily caught the Heathrow Express train and in the flash of an eye (15 minutes?) we were at Heathrow Airport and waiting for our next train to the appropriate terminal. 30 minutes after that, I was finally checked in and searching for the mini bar. Yes, the mini bar. But not for a drink...after all, there is the Hilton Club for that :-) You see, I'd gone to this cheese tasting event at Borough Market on Wednesday evening...and I'd tasted some marvelous cheeses that were too good to pass up. I mean, they will be perfect for Christmas Eve. So, I'd taken the advice of the cheese sellers and had been storing my precious purchases on my windowsill - outside during the day and inside on the ledge at night. It was plenty cold enough. Except now as I walked into my room at the Hilton, I saw that the windows didn't open. Not even a little bit. Kind of a problem. I was debating how to best explain this dilemma to Guest Services when as a last ditch effort I opened the closet. Low and behold - a tiny mini-bar fridge. Saved! And so I stowed my cheese and headed off to meet O.P and Lisa for that drink in the club.
Now I just hope the conversation tomorrow with US Customs goes as smoothly....
US Customs: "anything to declare?"
Me: "surely unpasteurized cheese doesn't count and as a declared food stuff"
The business stuff was good today, but the real fun came after work for it was time to make the expedition to the airport. O.P., Lisa (my colleague and his wife) and I are staying at the airport Hilton tonight as we have early flights in the morning. After a lamb burger with fresh blue-veined farmhouse cheddar on a toasted roll from a stall in Borough Market (a spectacular market featuring every imaginable kind of cheese, meat and other speciality items) and a Wharf Winter Ale (think Newcastle, but better) from a local micro-brewery to fortify us, we picked up our bags from our home for the past ten days and took a taxi to the train station. The taxi was a private car for hire, which was a little worriesome, but after managing to cram all the luggage in the tiny hatchback trunk (weird for a taxi, no?) we were pretty much committed. Traffic was crazy as usual and 40 minutes later we arrived at Paddington Train Station. The "tube" might have been quicker, but none of us could stomach the idea of hauling our luggage up and down several flights of stairs and then cramming ourselves with that luggage into already overflowing subway cars. We've been using the tube for almost two weeks now and we just couldn't endure what would surely be torture. Not to mention, it is the last Friday of the year for many working folk here in London so the crowds were even bigger than normal.
At Paddington we easily caught the Heathrow Express train and in the flash of an eye (15 minutes?) we were at Heathrow Airport and waiting for our next train to the appropriate terminal. 30 minutes after that, I was finally checked in and searching for the mini bar. Yes, the mini bar. But not for a drink...after all, there is the Hilton Club for that :-) You see, I'd gone to this cheese tasting event at Borough Market on Wednesday evening...and I'd tasted some marvelous cheeses that were too good to pass up. I mean, they will be perfect for Christmas Eve. So, I'd taken the advice of the cheese sellers and had been storing my precious purchases on my windowsill - outside during the day and inside on the ledge at night. It was plenty cold enough. Except now as I walked into my room at the Hilton, I saw that the windows didn't open. Not even a little bit. Kind of a problem. I was debating how to best explain this dilemma to Guest Services when as a last ditch effort I opened the closet. Low and behold - a tiny mini-bar fridge. Saved! And so I stowed my cheese and headed off to meet O.P and Lisa for that drink in the club.
Now I just hope the conversation tomorrow with US Customs goes as smoothly....
US Customs: "anything to declare?"
Me: "surely unpasteurized cheese doesn't count and as a declared food stuff"
Thursday, December 18, 2008
Highs & Lows
We cut salaries today. Well, not me personally, but my company - and I'm part of it, so I guess that makes it "we." Believe it or not, I was proud and emotional when I read the announcement.
Our chairman (or rather his communications person) sent an email talking about all the cutbacks we've already made this past year and how much money we've saved. He went on to explain that it wasn't enough and that it was time for even tougher decisions in order to weather the current and anticipated economic storm. To avoid cutting jobs, we cut salaries instead.
He set an impressive tone by stating his 20% salary cut. C-level salaries were cut 12.5% and executive management 7.5%. The rest of us 5%. Hourly workers were not impacted, nor does it affect the salespeople. We're also losing our merit increases, bonuses and 401K match for at least the next year. Some question if the 401K part will ever come back.
The rest of the message went on to talk about our team spirit, skill and resilience and he hit a high note in emphasizing a one-for-all mentality and the continued focus on doing our very best to fulfill our customer promise. As I read the note, my eyes actually got a little misty - though that was probably just the biting British air as I was walking back to my hotel.
I'm okay with losing 5% of my salary and I'll even get over the bonus and 401K loss if it means my team and my many friends at the company will keep their jobs. Like many, I fear this announcement is the first in a series of moves that will only escalate as the economy further deteriorates. I guess only time will tell on that front.
Today was an impressive show of leadership. Decisive, thoughtful, and fair. I am proud of the decision and of my company. We claim to be people-focused and on this decision, we delivered.
Our chairman (or rather his communications person) sent an email talking about all the cutbacks we've already made this past year and how much money we've saved. He went on to explain that it wasn't enough and that it was time for even tougher decisions in order to weather the current and anticipated economic storm. To avoid cutting jobs, we cut salaries instead.
He set an impressive tone by stating his 20% salary cut. C-level salaries were cut 12.5% and executive management 7.5%. The rest of us 5%. Hourly workers were not impacted, nor does it affect the salespeople. We're also losing our merit increases, bonuses and 401K match for at least the next year. Some question if the 401K part will ever come back.
The rest of the message went on to talk about our team spirit, skill and resilience and he hit a high note in emphasizing a one-for-all mentality and the continued focus on doing our very best to fulfill our customer promise. As I read the note, my eyes actually got a little misty - though that was probably just the biting British air as I was walking back to my hotel.
I'm okay with losing 5% of my salary and I'll even get over the bonus and 401K loss if it means my team and my many friends at the company will keep their jobs. Like many, I fear this announcement is the first in a series of moves that will only escalate as the economy further deteriorates. I guess only time will tell on that front.
Today was an impressive show of leadership. Decisive, thoughtful, and fair. I am proud of the decision and of my company. We claim to be people-focused and on this decision, we delivered.
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