User Power
Value/Post Ratio
309%
- Nov 4, 2013
- 164
- 506
Is trying to fix a macro-level problem on a micro-level an additional hurdle you really want to subject your business to?Gonna chime in here...I see what you're saying, but people already underpay. People can no longer live off minimum wage and go to college. Minimum wage is barely higher than it was when my mom was my age. We are the next generation of business; no longer can we say "ah let someone else fix that." WE are the ones that will fix that, just like Buffer and other new startups. If you treat employees more and pay them better, they'll do better for you. Remember MJ? "Give people what they want, and you'll get what YOU want." Employees=just as important as your customers.
I 100% agree with you that great employees will deserve a premium over an average employee. But a 5-7 fold increase? No way. The best employee in the world won't be able to output more work than 5-7 average employees.
To attain the top talent. If you've read what I wrote, I want to create a corporate culture of loyal employees
If your employees are staying only because they get paid insane amounts of money relative to their skill set is that truly a loyal employee?
What I want is to create that perfect balance between a viable revenue stream + financial security for ALL employees. I also believe that employees can be trained to do multiple things. The highest motivation is appreciation for their skill set and MONEY.
So let's assume that money and motivation do indeed have a strong correlation. Let's also assume that one graphic designer working for a standard salary (35-45k) puts out one unit of work per year.
You decide to hire on a graphic designer at $250k / yr. This extra money increased their motivation and work output by 100%, relative to a standard pay employee, and bumps their work output to two units per year.
Great! Right? Now you start to work out the costs and realize that you are paying $125k/yr for each unit of work. Wait a minute, that's three times as much as a normal, non-motivated employee. Sure, he's motivated and will stick around, but how will your business fair? How will it survive if your costs are multiples of what your competitors are?