After Offering 100% Hike, Founder Questions Employee Exit, Points To 3X Business Growth

After Offering 100% Hike, Founder Questions Employee Exit, Points To 3X Business Growth

Three points you will get to know in this article:

1. Employee rejected a 100% hike and left over stability concerns.

2. Startup later achieved 3X growth, proving doubts wrong.

3. Debate arose over founder vision vs. employee security.

Founder’s Bold Move: Matching a 100% Salary Hike to Retain Talent

An intense discussion on loyalty and business foresight has been triggered by a founder’s recent social media post regarding the departure of a top employee. The entrepreneur disclosed that the company has since experienced 3X growth after a key employee turned down a 100% wage match, citing concerns that the business could not afford such an investment. While the creator credited this accomplishment to sheer entrepreneurial drive, the narrative has divided opinion on whether staff should be expected to share a founder’s high-risk appetite.

“One of my top employees left. A sponsored corporation gave her a 100% raise. I made the decision to keep her and match her pay after talking to a few of my pals. We were not big but we were profitable,” founder and CEO Karthick Raajha recalled.

Startup’s 3X Growth: Proving Doubts Wrong Over Time

Giving out “100% hikes was next to impossible at that stage,” according to his LinkedIn article, but the corporation nevertheless made the decision to do so. “This person was also the highest paid around that time,” he continued. The new offer was rejected by her.

According to Raajha, the employee informed HR that the “company won’t survive for long” despite being well aware of the company’s financial predicament.

According to the CEO, his business has expanded over time and disproved the former employee’s concerning prognosis. “No matter how intelligent you are, there are a few things in business that you do not or will not comprehend.” For the first several years, the founder is what makes it successful, not the cash flow, pipeline, revenue, or leads. We grew 3X last year. This year, we’re on course to 5X. People who have never trusted me are the reason I am who I am.

Debate on Loyalty vs. Practicality: Founder Vision vs. Employee Security

“It’s great to speak about the growth journey, but it does not mean belittling folks who were not part of the continued journey,” someone wrote. Again, as a founder, we all know the hazards of starting an entrepreneurial firm. Celebrating milestones is wonderful, but it doesn’t need to be a chest-thumping exercise, especially if it means disparaging someone else. “She was protecting herself, and I don’t think she should be put down for that,” said another. Employees will never have the same belief in the firm as the founder, and that’s anticipated and should be accepted.” “When did I put her down?” Raajha protested. Someone leaving is not the main goal of this. Please take another look at the post.

“She didn’t see your vision, and that’s where the gap is,” said a third. In certain situations, particularly long-term ones, the employer and employee must share this. “Founders take risks,” wrote a fourth. Workers control risks. Both are carrying out their duties.

Karthick Raajha finished his MBA at Chennai’s Anna University, according to his LinkedIn profile. He began working as a practice marketing analyst.

Over the years, he worked across many roles. In 2023, he established Revv Growth, his present business. At his startup, he has also assumed the position of CEO.

Start typing and press Enter to search

Shopping Cart