Did you hear about THIS? I think a lot of people love the idea of a 100% pay increase based on their boss’ desire to ‘more fairly distribute’ the wealth and make sure they all have really good livings…who doesn’t want everybody on the planet to have a good living?
But it doesn’t WORK…….The story in my linked article isn’t even profit sharing, which does work. This was just upping the pay…….to the point that the CEO had to rent out his house and live somewhere cheaper to afford it. In the linked article, they imply he did this for the publicity, but if you hear him, you might be inclined to believe his good intentions.
BUT….here’s a little bit from the linked article: “Price’s decision ended up costing him a few customers and two of his “most valued” employees, who quit after newer employees ended up with bigger salary hikes than older ones.
“He gave raises to people who have the least skills and are the least equipped to do the job, and the ones who were taking on the most didn’t get much of a bump,” Gravity financial manager Maisey McMaster, 26, told the paper.”