Gravity Payments Pays Up: The Good and the Bad About a High Minimum Salary
The media is still buzzing after the CEO of Gravity Payments, Dan Price, announced that he was cutting his own salary to ensure that none
The media is still buzzing after the CEO of Gravity Payments, Dan Price, announced that he was cutting his own salary to ensure that none
Following up on the theme of last week’s post, we’d like to focus on how employers can keep and engage core talent by keeping employees happy and productive without paying huge salaries. That’s not to say that Gravity Payments’ model, which involved CEO Dan Price taking a major pay cut to boost his employee minimum pay to $70,000, didn’t get Gravity Payments workers pretty excited; however, this model is unlikely to work sustainably for many firms. (That said, paying employees a good living wage is essential, and we are excited to see how Price’s radical experiment goes.)
Being a leader nowadays is scary. With “quiet quitting” blowing up on social media and people leaving in droves, you want to make sure that you’re not the source of the problem. Here are 5 Scary Boss Behaviors to avoid.