With 1 Sentence, Patagonia Just Gave a Masterclass on How to Treat Your People
inc.com
inc.com
Patagonia has said it will no longer market merchandise to financial firms through its corporate sales program -- a potential threat to the popular menswear look dubbed the "Midtown uniform"
https://www.cbsnews.com/news/midtown-uniform-patagonia-will-...
People are no doubt paying a premium to support the companies various environmental causes as well.
I am myself off - the company I work for gives us paid time off (not deducted from our paid vacation) from Dec 22 to January 8. Each year. Apart from our 35 days of PTO. Plus 4 days to attend school events. Apart from German public holidays. Oh, and we work less during the spring and summer months. We go down from 38 hours per week to 35. German engineering manufacturing company - 250 employees. Family owned - 5 generations.
A lot of folks in the office work 35 hour weeks, sometimes less, but we are meeting or exceeding our company goals (which were already aggressive).
I think this as really good way to run a company... everyone is always firing on all cylinders when we're working... and when we need a break, we take one.
I didn't think it was all that incredible at the time, yet 11 yearly paid holidays, really easy to earn comp. time, and kind of silly layers of special pay when you work tough shifts (working Sunday + Night Shift + Overtime + Holiday? A few special modifiers...) is really pretty incredible compared to some places.
Also, weird to see that Slack has just turned into the new email. "Should I even worry about my messages, or just let em pile up?"
"The earth is our shareholder." — CEO Patagonia [he wrote an article with this title]
What a fantastic operating philosophy — reminds me of India's TaTa Group (which donates 2/3rds ~~profits~~ "equity dividends" to charities [1]).
[1] EDIT: see comment below
Assuming you mean this:
"66% of Tata Sons’ equity is held by the Tata Trusts and dividends flow directly to support the philanthropic work of the Trusts."
"66% equity dividends" is a world away from "2/3rds profits" and "Tata Trusts" is a long way from "charities". I mean, it's better than most companies but it's almost certainly a tax optimisation and/or money hiding operation.
>I mean, it's better than most companies but it's almost certainly a tax optimisation and/or money hiding operation.
Extremely part-time, but I assist a wealth manager's charitable allocations FOR EXACTLY THIS REASON. Not a dollar more gets donated than is deducted.
"In $NUMBER (words/sentences), $FOO taught a masterclass in $BAR"
e.g. In one Google search, see how Inc gives a masterclass in the art of clickbait headlines: https://www.google.com/search?q=%22masterclass+in%22+site%3A...
I wonder how much it costs to get a "masterclass" headline in Inc.
The Chouinard family still completely controls the company. They may not technically be billionaires in the sense that they can liquidate the capital for their personal benefit, but they remain billionaires in the possibly more important context of capital control and influence that nets them massive power in the highest social circles.
on _my_ hacker news ?!?!
For a major holiday like Passover they are closed for the entire week.
Even when Patagonia is closed, their items are being sold by other retailers, so it seems like a way smaller sacrifice than REI closing on Black Friday when it will lose sales to competitors. Patagonia's thirst for PR annoys me and detracts from their credibility (some of their products are pretty good though..).
Both companies also do a lot of local outreach and environmental sponsorships. I've been a beneficiary of several Patagonia programs, as well as friends and colleagues I've known in the environmental sector. They do good work, and as far as I can tell, it's actually pretty different from North Face, Black Diamond, Arcteryx, etc. Patagonia and REI are the more community-oriented companies in this space.
For some that won't work out at well. My partner has to work shifts all over the Christmas period. I choose to work the same days as her so we can enjoy our days off together when she isn't working
Take some time off, read a book, ponder and think.
It has its upsides and downsides. Upsides include the country generally being pretty darn industrious and a hotbed for entrepreneurship, and having good socioeconomic mobility prospects for those who (A) don't start out genuinely poor, and (B) are willing to be obsessive about work. Downsides include burnout, dispassionate employees, and an icky tendency to associate poverty with immorality and wealth with morality. I personally believe we could definitely stand to move a little further in the European direction when it comes to labor culture and laws here in the USA.
It’s much more common in corporate jobs. So many people take vacation at that time that you can easily be unable to accomplish much at work otherwise. So either taking some of your vacation then or just having the whole place shut down is really typical.
Via the fourth sentence of the article.
during chinese new year the country pretty much does shut down. the other holidays less so.
Wait till you year about companies naming themselves after deities. Oh no, the horror!!