Salary should remain a matter between company and employee. Everyone knows how much people earn at Gravity Payments. This gradually provoked a certain resentment among both employees and clients. Some clients left for fear the company would raise its prices.
Companies do not pay all staff equally for a good reason: everywhere there are some employees who are worth more than others. Most Gravity Payments employees were earning less than $70,000 a year. Some employees left even despite receiving a pay rise as they resented others' salaries being increased more and undeservedly.
Renumeration should be a strategic issue. Dan Price acted politically, based on his own beliefs, but not as a manager and entrepreneur.
What is your opinion?
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Article source LinkedIn Talent Blog - recruiting strategies, tips and trends on the LinkedIn social network