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Apparently from what we are told, the problems encountered where not from an economic source but rather a political backlash from the naughty and greedy.
Actually its his problem now. When you drive out your top employees, you're going to have issues.
People who worked their butts off, who helped the company grow into what it has become were basically told that their contributions were only as valuable as the guy who walked in through the door last week.
I think its an awesome idea to better compensate his employees, to see a company treating its employees lije assets rather than liabilities but he screwed up in creating this $70k barrier.
Better off would have been a sliding scale dependent on experience and performance. Give everyone a raise but make sure that your longest-tenured, most valuable employes get compensated in recognition of that.
I think the issue is that if youre working your ass off, never miss work, pass up on vacations and youre a quite valuable asset to the company, having some slacker who spends half his day picking his nose earning the same thing is pretty much a slap in the face, its like the company said "thanks for the hard work, **** you!"
That's just an assumption. Sometimes the issue is you're working your ass off, never miss work, pass up on vacations and youre a quite valuable asset to the company but you have brown nosing, fast talking slackers being paid much more. Had the CEO not given anyone a raise, this whiny web developer would've been happier making $9k/year and more in the future less, just as long as others don't by god get a raise. Good ol' jealousy.
I think this CEO tried to change too much too fast and may or may not have properly taken merit and seniority into consideration. He certainly can't control jealousy and probably didn't take that into account. He's been flooded with applicants and probably will have no problem finding new talent.
I just assume everyone is operating on jealousy. And Democrats are Republicans are just two-sides of the jealousy coin. Democrats want to make everyone else equally poor and unaccomplished and Republicans want to make the majority poorer and a few higher class and wealthy.
That's just an assumption. Sometimes the issue is you're working your ass off, never miss work, pass up on vacations and youre a quite valuable asset to the company but you have brown nosing, fast talking slackers being paid much more. Had the CEO not given anyone a raise, this whiny web developer would've been happier making $9k/year and more in the future less, just as long as others don't by god get a raise. Good ol' jealousy.
I think this CEO tried to change too much too fast and may or may not have properly taken merit and seniority into consideration. He's been flooded with applicants and probably will have no problem finding new talent.
Who wouldn't want an entry level job paying $70K a year.
Who wouldn't want an entry level job paying $70K a year.
Well whether entry level or not I guess he'll be able to be very choosy and pick the best. Maybe from his competitors lol. Why isn't it socialism that other businesses are sore because he's paying a lot better than they do? All business have to pay the same bottom market wage?
Well whether entry level or not I guess he'll be able to be very choosy and pick the best. Maybe from his competitors lol. Why isn't it socialism that other businesses are sore because he's paying a lot better than they do? All business have to pay the same bottom market wage?
He's down to $3 million and has a lawsuit to deal with from his brother.
Ideology was ok but execution was horrible. He should of gave moderate raises to all and larger raises to his best and brightest employees, you know the ones that kept the company profitable.
How do you know the ones leaving aren't the least productive. How do you know he isn't paying more to certain long time employees.
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