How to Keep Employees Happy and Productive (Without Huge Salaries)
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.)