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The Container Store Group, Inc. Message Board

  • hedgecutter10 hedgecutter10 Apr 8, 2014 11:41 AM Flag

    Happy Employees = Business success

    I do think the Motley Fool always has a somewhat negative opinion of stocks in general. But I would like to hear from ONE person who knows of a business where the employees are outwardly HAPPY and the business failed. Every place where I have seen happy employees the business was booming. Container store does have a way to go as they continue to grow and open stores near you, and their will be some bumps. I see this stock double in a year!!!

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    • There is a correlation, but not direct, and not necessarily true. Happy employees also = expensive labor. It is the fiduciary responsibility of those managers who determine wages to obtain that labor as inexpensively as possible, just like you would any other cost of doing business. Of course, that doesn't mean minimum wage. Rather how easily can we replace a given employee's skill set, knowledge, experience and other X-factors they may bring to the table? If the answer is "with great difficulty", it would be wise to pay them more. If it is a job that any pimple-faced teenager can do, we're talking minimum wage.

      This is only one side of the ledger, but overpaying employees (from bottom to top) is a mistake. And money isn't the only factor in employee happiness, but probably some of the other things that bring that about are going to cost money as well.

      Generally speaking, employee happiness should be, at best, a consideration for management, but hardly a priority.

    • At these low stock prices, if I was the CEO I would buy TCS with at least half my yearly salary to show support for the recent 25% price stock decline. I hope Kip Tindell is paying attention to the stock drop in recent months and buy some shares with his two million dollars a year salary, a hefty pay for 1.5 billion dollar company! Just a tip for containing chaotic stock prices in the recent months. I follow Motley Fool advice and hope he is not fooling me about the container store management expertise in keeping everyone happy including the people who pay to keep the lights on for TCS.

      Sentiment: Buy

7.10-0.44(-5.84%)Apr 29 4:02 PMEDT