I linked to this article, but I wanted to focus on it when I had a chance. That chance is now. An article from Inc.com, a resource for entrepreneurs, says that drinking alcohol can help your career. Sounds too good to be true? Here’s how.
Regular drinkers make 10% to 14% more money than those who do not drink, according to the study… The study also concluded that men who drink socially — defined as visiting a bar at least once a month — earn an additional 7% more than those who do not.
Socialization and networking are the reasons why these data appear, not specifically due to the alcohol itself. Business often takes place outside the office. In a small company, socializing with the CEO is a good way to relax the constraints in the office that stop people from acting naturally. The atmosphere, and perhaps the alcohol, can help to break down a social wall.
At SmartPak, [a small company,] managers are encouraged to take their employees horseback riding, bowling, or out for the occasional happy hour.
Here’s a question for discussion: Is this unfair to non-drinkers? Also, does your company encourage socialization at locations where alcohol could be involved implicitly, explicitly, or not at all? How big is your company? Share some stories.
One commenter will be selected to receive a book unrelated to alcohol but related to investing and personal finance, The Big Money: Seven Steps to Picking Great Stocks and Finding Financial Security, by Fred Kobrick and Elliott Wave Principle: Key to Market Behavior, by A.J. Frost (both hardcovers).
Published or updated October 5, 2006.