1258: How to Be a Better Boss with Author and Wharton Professor Rachel Pacheco

So Money with Farnoosh Torabi

Farnoosh Torabi

Entrepreneurship, Business

4.7 • 1.9K Ratings

🗓️ 27 September 2021

⏱️ 29 minutes

🔗️ Recording | iTunes | RSS

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Summary

Guest Rachel Pacheco is on the faculty at The Wharton School of Business and the author of Bringing Up the Boss: Practical Lessons for New Managers, which provides real-life strategies and teachings for how to be an effective leader and manager in the workplace. Farnoosh and Rachel discuss how managers can work harder to engage and retain employees, as well as some of Rachel's biggest mistakes as a boss. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This episode is brought to you by Kraken.
0:03.0	Crypto is like finance, but different.
0:06.0	It doesn't care when you invest, trade or save.
0:09.0	Do it on weekends or at 5 a.m.
0:12.0	Or on Christmas Day at 5 a.m.
0:14.0	Crypto is finance for everyone, everywhere, all the time.
0:19.0	Visit Kraken.com slash see what crypto can be to learn more.
0:23.0	Don't invest unless you're prepared to lose all the money you invest.
0:26.0	This is a high risk investment and you should not expect to be protected if something goes wrong.
0:30.0	So money episode 1258, Rachel Pichiko, author of Bringing Up the Boss, practical lessons for new managers.
0:39.0	You're listening to So Money, with award-winning money guru, Farnoosh Karabi.
0:44.0	Each day, in a 30-minute dose of financial inspiration from the world's top business minds,
0:49.0	authors, influencers and from Farnoosh herself.
0:53.0	Looking for ways to save on gas or double your double coupons?
0:57.0	Sorry, you're in the wrong place, seeking profound ways to live a richer, happier life.
1:03.0	Welcome to So Money.
1:06.0	The cost of managing and firing a bad hire is five times their annual salary.
1:13.0	Wow.
1:14.0	So this is huge amount.
1:16.0	And think about it.
1:17.0	Think about for folks listening, when you've had a bad employee or an employee that hasn't done well,
1:22.0	the amount of time, energy and resources that goes into managing that person is astronomical.
	...

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