How Getting Rid of ALL Managers Made These Companies Record Profits - How Money Works

----
If a company is set up properly people really can just come into work, do their job and go home without layers of authority on top of them micromanaging their every move, getting in the way of actual business operations, and taking home the biggest salaries in the office.

Bad management can ruin even the best ideas, and end up costing their companies lots of money in the process, about three trillion dollars a year according to recent studies, which is why some companies are starting to rethink if the hierarchical business structure is a thing of the past.

In a typical business management is responsible for choosing the direction of the company, training their subordinates and providing them with the tools they need to move the company in that direction, rewarding employees that excel in their work and punishing employees that don’t meet their standards.

These five tasks encompass everything that a manager is responsible for, and they ARE all very important roles in running a successful business so it’s not like the role of a manager is redundant by default, BUT some companies are starting to realize that these five tasks can be without a manager at all, often with better results.
-----
#howmoneyworks #management #business

Edited By: Andrew Gonzales

Music Courtesy of: Epidemic Sound

Select Footage Courtesy of: Getty Images

[HowMoneyWorks]

Click the link vessi.com/HMW and use my code HMW for $25 off each pair of adult Vessi shoes! Free shipping to CA, US, AUS, NZ, JP, TW, KR, SGP

[TheOtherNEO]

I’ve seen companies that keeps adding managers instead of more staff. I’ve had the experience having 5 managers just to manage me.

[epbrown]

One job I had was in a 24-hour 3-shift operation. We had practically no turnover on two shifts, and *insane* turnover on one - people quit or transferred in an average of 3 months, even if they'd worked for the company for *years* in other roles. The manager was awful, but no one in upper mgmt questioned the disparity, ever.

[maxtravers]

It’s like the only reason they can conceive of why a cow might be producing less milk is because it just isn’t being milked hard enough…

[zacharysheetz]

I worked 6 years for a gas station franchise. I had to leave because of an apartment fire. Comments of me by coworkers were: he's the backbone of the store, when you walk in you can tell if he's working based on how clean and orderly it is, he does more work than any three others, this store was shaped by you in the time you worked here.

Yet, I never made supervisor.

I trained not just base employees but supervisors and managers for our district about how the store ran.

Yet, I was never promoted.

Customers told me they came to that store because of how well I kept it.

Yet, I never got a bonus.

I did many small things that improved the store, like check all egg cartons for cracked eggs and gathered the cracked ones in one carton. A few months after starting this, we were regularly selling all the cartons. Before we trashed most once the due date expired.

I did many such little things without asking permission because management didn't want to rock the boat and get fired for going against QA.

[randomjin]

As a manager, I can relate. I was stuck at the bottom of the food chain in the beginning as I tried my hardest to do my job. Promotions didn't happen. So I changed my aim to "how can I do the least amount of work I can get away with". Climbing the ladder ever since.

[SwornInvictus]

Manager here. A good team doesn't need any management aside from making sure that their effort is properly rewarded, and generally looking out for their wellbeing. I'm the first one to tell someone if I think they're overworking and need some time off.

Most of management is making sure you recruit the type of people that you specifically don't need to micromanage. Give them fair incentives, effective systems, a good environment, and ample training, then get out of their way. You also want to be in a position to where you're leading from the front and know how to solve difficult problems either yourself or through your network. Gain respect by exemplifying company values and being more useful than anyone else.

Know people, know the project.

[randymotter]

"The fear of letting down your team is more powerful than the fear of being fired."
This is something that really persists in many aspects of our lives and especially in a wide variety of social situations, figures it would rear its head in business too.

[happy_capybara]

My boss is great. She does our job and is the boss because she does it better than all of us. So when we need assistance she knows exactly what to do. Her management role is in addition to her day to day job. Wouldn't know she was the team leader if you met her. Just seems like one of the team.

[TheMoneyInnovator]

I worked at one of the biggest banks in the states. I didn't start at the bottom and even I had 9 layers of bosses before we got to the CEO. 9 managers of managers... by the time something got to us it had been so morphed with ideas and legalize that there was almost no way we'd say some of those things to clients/customers they wanted us to. I had an advanced colleague who I was complaining to about how "this won't help the client" and he told me "Just check the boxes and you'll be ok" that's pretty much when I knew I had to lease the corporate job.

All the managers and distract and area managers, all told us stories about how they were so good at their sales position... as you said, just because you're good at sales doesn't mean you're good at managing.

[InvestmentJoy]

The problem is always information : does the company have a way to know if a manager is doing good or bad, and how the people they manage are performing.

It blows my mind in one way where the managers of managers have no clue what's going on in the company below those managers.

Yet then I also see many, many cases where those below the managers also assume they have a good picture of what's going on with their managers, all the way up to the ceo. Often times they have extremely distorted views as well.

[timbomb]

I got fired by a new manager at one job, he was saying I was underperforming. I didn't really like the job anyway so I was like okay no worries. But I was straight up the most efficient worker they had. Didn't add up.

[pedritodio]

Yeah. I work for a manufacturing firm and since the work is repetitive we can work without any care in the world as long as there is demand. We are working for months without a manager and all is well until they hired a manager. Now the manager doesn't know how to do his work or just causing inconvenience to us by setting up meetings just so that he has work. It's fuck up that now to rise in our ranks we need to suck up to pleasing the managers ego instead of doing work.

[Samillion]

Sad but true fact: Want to get promoted to a higher management role? Stop being an expert and the best in what you do. They will try hard to exactly keep you in that spot for as long as possible. Instead learn how to delegate and make everyone around you work hard for your success. I had to learn this the hard way myself.

[boredcryptek]

A good boss is someone who takes care of things that would waste the time of the employees and gets them trained and pointed in the right direction. They help organize who is working on what, and they deal with the clients, the other departments, and attend all the meetings that are necessary but would otherwise waste the time of the employees on the team. They help the team when there is an overload of work and they are the fallback when push comes to shove. If the boss is not being these things then their role is not being fulfilled and they don't belong there.

[locobob]

I feel managers get a bad rap, ironically due to bad management.
Managers aren’t there to be better at what everyone in their team does. It doesn’t hurt if they are but that’s not their role. They’re there to take care of all the administrative crap that helps the business achieve its goals but also would greatly hinder individual contributors’ ability to actually do the thing they are experts at.
Managers are supposed to keep track of department performance, expenses, team requirements, work distribution, and also know how to work their team to get the best performance out of them. One of the reasons many small businesses fail is because the people who are experts at a thing believe that’s all they need to know to succeed. Then they are hit with the harsh reality that most of their time may be spent on soul crushing paperwork they hate and don’t know how to do.

[Zed_Oud]

So on one side is Quiet Quitting and on the other is Busting Bureaucracy? I like it.

[CaraMarie]

I love the supervisor i had in my first job out of grad school. This women was efficient and knew that instead of constantly "following up" with things i know how to do, she let me do my job.

[stevedavenport]

"You can train somebody to do a job but you can't train them to be smart"....lol....real words of wisdom.

[Quickeeeee]

One of my managers actually got fired because upper management realized he was just doing nothing. I remember sitting in a meeting (without him) being asked what he actually does. I said he's good at planning, going to meeting and talking to ppl. Which apparently wasn't supposed to be the only things on his job description. So off he went and good riddance, because he really was just all talk.