Dealing with incompetent employees post IB exit?
After grinding in IB I left to a tech startup in a very robust vertical in the tech industry. I’m loving what I’m doing, I’m well comped, and have equity. No complaints there. I have just been working with employees who really don’t even understand the basics on excel and formatting. To add clarity, these are not technical roles like corp dev, they’re project managers on the sponsor side, so they’re not directly working for my company, but they’re investors in our company. I end up doing all the work for them because it takes way too long to teach them versus do it myself. It doesn’t go as far as excel but their critical thinking capabilities to dive deep and solve problems. I constantly find errors on their end, and feel like I’m playing a game of chess for my team to help renegotiate a better deal with the sponsors based off of some of their short falls. It’s not their whole team, it’s just one specific employee who I suspect is going to be on a pip soon. I don’t have a problem with stepping up, but as time has gone on, I’ve been taking up a lot of work and most of it I just end up doing myself because if I don’t do it no one else will and it’ll slow down the process anyways. These tasks aren’t even difficult tasks. I’m just seeing pure laziness on their end. How would you suggest navigating this? I’ve had candid conversations with my seniors, and they totally understand my frustrations and they do agree that this isn’t right.
Based on previous WSO threads, here are some strategies to navigate dealing with incompetent employees post-IB exit:
Proactive Management:
Training and Mentorship:
Delegation and Accountability:
Communication:
Resource Management:
Escalation:
Focus on Team Morale:
By implementing these strategies, you can navigate the challenges of dealing with incompetent employees and ensure the overall productivity and success of your team.
Sources: Strategy& Ex Employee - Q&A, How can we do better?, Strategy& Ex Employee - Q&A, How can we do better?, The Work Always Gets Done
Bro just left IB & got introduced to the real world (outside finance) where no one cares about Excel & unnecessary formatting. As someone who comes into IB from an unrelated profession, I abjure you my brother in Christ to get off your high horse : )
Broooooo, haha yeah bro
damn you like a real brother to me damn bro
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