Posted on 07/31/2015 3:44:29 PM PDT by Oldeconomybuyer
When Dan Price, CEO of the Seattle-based credit card payment processing firm Gravity Payments, announced he was raising the company's minimum salary to $70,000 a year, he was met with overwhelming enthusiasm.
But in the weeks since then, it's become clear that not everyone is equally pleased. Among the critics? Some of Price's own employees.
Two of the company's "most valued" members have left the company, "spurred in part by their view that it was unfair to double the pay of some new hires while the longest-serving staff members got small or no raises."
Maisey McMaster — once a big supporter of the plan — is one of the employees that quit.
"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," she told the Times.
Grant Moran, 29, had similar concerns. While his own salary saw a bump he worried the new policy didn't reward work ethic. "Now the people who were just clocking in and out were making the same as me." "It shackles high performers to less motivated team members."
For his part, Price — who's also under fire from other local business owners and his brother, who says Price owes him money — stands by his plan, but doesn't begrudge his critics.
(Excerpt) Read more at businessinsider.com ...
The boss may see him self as being fair..
But to the one doing most of the work to make the same as the one doing the least...it seem most unfair...you are made to feel you are the fool...a sucker
so the good worker only action if all make the same is to lower their output of work to be the same lowest common denominator with the reast..
more pay for better work starts a race to the top...same pay for different quality work starts a race to the bottom
I worked for large family owned grain company years ago. Employees were eligible for two different salary increases on their anniversary date. One was a standard increase based simply on completing another year and was a small percentage increase. The other was a merit increased based on completing certain agreed upon goals and overall contributions. Then five years in the older family members retired and the younger ones took over. Everyone got the same increase after that once a year, often as low as 1 percent. Productivity went in the dumper, error rates increased and lots of hardworking, knowledgeable people left. Took me a couple of years but I also left and started my own company in a totally different line of business.
I decided to go with merit increases only but gave them in a lump sum once a year. Employees really liked it because it gave them a chunk of money to spend at one time. Had employees leave over time but it was never because of money or responsibility level.
There is a parable in the Bible about the workers in the vineyard that received the same pay. It is illustrative of the lesson in play here.
The failure was predictable.
I guess it’s up to you, but you can’t complain when people do quit and complain because the scrubs who scrub your floor make as much as the engineer who busts his behind.
That is communism. Us all being lumps of the same clay, just showing up and collecting our “equal” portion.
I would quit if I worked there too, or get out ASAP. It would show me that my boss is an idiot who doesn’t give a crap about talent, skills, or abilities.
See my post 45.
Did you see #9?
Maisey McMaster -- once a big supporter of the plan -- is one of the employees that quit. "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," she told the Times. Grant Moran, 29, had similar concerns. While his own salary saw a bump he worried the new policy didn't reward work ethic. "Now the people who were just clocking in and out were making the same as me." "It shackles high performers to less motivated team members."
Nursing and most other sell your time work is like this
Yes. Isn’t that one of your posts? I don’t see how that says someone should not be able to do what that person wishes with their money. In a free country, however, I and other posters can criticize all we want.
Compensation is never confidential. to keep your rate of pay confidential screws other workers.
All of which has nothing to do with this story.
Yes, that’s what this is. Too coincidental. Gets good PR for it, too. Hope he loses in court.
YUP!
Of course he can.
And we can comment all evening long about his stupidity.
But what if you were the janitor, or receptionist, or mail room guy? I bet they’re happy and will do whatever it takes to keep their jobs.
A teachable example
Unless your in the janitor, receptionist, or whatever business, it’s a slap in the face!
Interesting that some quit - not because they were getting less, but because others were getting more. There’s a story in the Bible about that and they are the losers in that story.
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