Posted on 04/14/2015 10:51:42 AM PDT by Red Badger
I find managing well paid employees a lot easier than low balled drones. At a high rate they are easier to replace as a lot of people would love to take their place.
I find managing well paid employees a lot easier than low balled drones. At a high rate they are easier to replace as a lot of people would love to take their place.
The problem with this (and keep in mind that I specifically EXCLUDED low-skilled positions) is that you wind up with people who have no loyalty because they've been told that their worth is what they're being paid, so they will always go to someone who will pay them more.
Few people realize how expensive it is to hire and train new people. It is actually a lot CHEAPER to pay the person more and reduce turnover. However, as others have noted, you demand a lot from the worker and fire them if they don't perform.
20th century motors.
It certainly does depend on the skills a business is hiring for. That's a good point. At the professional level, the difference between an average worker and an excellent worker can be worth 3X the salary, especially if your best and brightest can cover more ground at a better return (thinking business and management). The best way to motivate the self starters and energizer bunnies is to make them love what they do and link their potential and future pay to the company's and their own performance.
Find the right talent, pay them well, earn their loyalty and then get out of their way.
I'm not sure I understand or agree with you on this point. That is probably true if you are managing a fast food restaraunt.
That’s fine if the employees making $70K are actually worth at least that much to the company.
Dialectic Materialism...
Democrat = Communist..
Republican = Fascist..
Loosertarian = Anarchist..
I agree it’s easier to manage people who are well paid. That wasn’t my point. My point is that if you pay widely diverse jobs and abilities at around the same rate, particularly when you bump those in the lower end positions to a level equal to those in higher jobs. We’re facing a similar situation in my job, where somebody with a HS degree and reasonable, but not stellar skills has recently been put in a position (and pay) equal to a couple people with masters degrees and some impressive credentials. Those people are now not feeling like their contributions are being valued, and morale has been negatively impacted. It’s harder to convince somebody how much they’re valued when they see their position stagnate while a less qualified candidate is promoted for doing less work.
So do I..........But just me............
I agree with what you say.
I will point out that the company discussed on this thread has set a minimum wage of $70,000. So, I guess a HS degree and reasonable skills might make that much (if the company wanted to hire such a person). But experienced workers with advanced degrees could certainly earn much more.
If the jobs pay well, very skilled people will be pounding on the door begging to be employed. And once hired, they will perform well because they don’t want to lose a sweet deal. Slackers get pushed out and fresh workers are given a chance.
This is how high-productivity happens.
Liberals NEVER take into account human nature............We are all equal, identical and just alike, according to them..............
All men are created equal...........but then it goes downhill from there............
It was in Atlas Shrugged.
Perhaps we should send him a copy...............
Well, it can at least rent it for a while.......
I have found that the best way to get a raise is to get a new job. The idiots that run HR departments only pay more than your previous position. If you stay you lose.
Old joke:
Visitor to a company: How many people work here?
Tour guide: About half of them................
Like Steve Jobs, he likely either has or receives stock & options, not really paying anything on receipt of them but paying taxes when cashing them in as needed. Seems Jobs lived a relatively humble existence, insanely wealthy but (for example) building a fairly small house and washing his own dishes by hand - so other than cashing in occasional stocks, his living expenses were pretty low. If “this company’s CEO” owns his house outright and has otherwise bought and/or paid for most of what he needs for the next few years, dropping his salary by a million bucks (but maybe re-routing it to stock options) means he doesn’t pay much in taxes at all because he doesn’t need much to live on.
Twentieth Century Motor Company..............John Galt’s former employer...............
70k a year... OK...but is that for the people starting out... or do you outsource the mailroom and janitorial services?
Tampa should be called ‘Dollar Stores Paradise’ it seems dollar stores are at every corner...
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