Latest News

  • Home
  • Global
  • You Get The Talent That You Pay for!
You Get The Talent That You Pay for!
Wednesday, November 20, 2019 IST
You Get The Talent That You Pay for!

Four years ago, CEO Dan Price slashed his own salary of almost $1 million to raise those of his employees, bringing the minimum salary of every employee to $70,000. Now he's opening an office in a new city and promising another salary increase.

 
 

In 2015, he was heralded as one of the most generous employers. Two weeks after he made the initial announcement, the company was flooded with 4,500 resumes and new customer inquiries jumped from 30 a month to 2,000 a month. Price's belief is that by investing in his employees, the company will grow faster. Sadly, most employers don't get this. If you want to increase loyalty, engagement and productivity start by paying people what they are worth.
 
Today, many companies will not hire the candidates who are considered "Overqualified." However, ignoring the "overqualified" because you think they are too expensive, and you can hire 2 employees for the price of one, will eventually cost you in the long term. You can't Google experience.
 
 
Most people don’t expect ridiculous salaries or raises, they just want to be paid what they are worth. It's a shame how we have designated employees as "liabilities" while machines and buildings are assets. We invest in assets; we limit liabilities.
 
At the University of Pennsylvania, researchers discovered that businesses that spent 10% of their revenue on capital improvements saw a 3.9% productivity increase. But get this—when that same 10% was invested in employees, productivity went up 8.5%.
 
“The minute you settle for less than you deserve, you get even less than you settled for.” - Maureen Dowd
 
Additionally, I see many job seekers and employees, whether interviewing for a job or negotiating for a raise, undersell themselves. Learn to stand up for yourself. Learn to say no. Don't be afraid to ask for the salary you deserve. It's about the skills, experience and value you bring to the table. Know your worth and don't be afraid to ask for it.

 
 

 
 
 
 
 

Related Topics

 
 
 

Trending News & Articles

 Article
12 Early Signs Of Lung Cancer To Never Ignore

Lung cancer is usually not noticeable during the early stages. Most people are diagnosed when the disease is at an advanced stage. According to Cancer.org, it is ...

Recently posted . 7K views . 2 min read
 

 Article
11 Surprising Benefits Of Wood Apple Or Bael Fruit

The health benefits of wood apple include [1] relief from constipation, indigestion, peptic ulcer, piles, respiratory problems, diarrhea, and dysentery. It also b...

Recently posted . 4K views . 2 min read
 

 Article
10 Amazing Benefits Of Bael (Kaitha)

Bael, also known as the “Wood Apple”, is a species native to India. The bael tree is considered to be sacred to the Hindus. A famous drink known as sh...

Recently posted . 4K views . 2 min read
 

 Article
These 7 Remedies Can Remove The Milia (Milk Spots) From Your Face

Do you know what milia are? Milia is a skin condition which causes the appearance of small white hard bumps on the skin which usually appear on the face, neck or ch...

Recently posted . 4K views . 2 min read
 

 
 

More in Global

 Article
Amazing Reasons Why You Should Make Love Every Day

Forget anti-wrinkle creams, research claims SEX can make you look seven years younger – but that’s not the only benefit. If you thought that the only be...

Recently posted. 706 views . 4 min read
 

 Article
Here’s Why You Should Never Sleep On Your Stomach Ever Again

Did you know that sleep essentially jump-started human evolution? In case you did not know, the process started during the period that scientists call the Miocene e...

Recently posted. 974 views . 3 min read
 

 Article
Kitchen is the best hospital, food the best medicine

In low and middle-income countries like India, where malnutrition is still not a completely solved problem, there has been a sharp increase in lifestyle disorders...

Recently posted. 1K views . 1 min read
 

 Photo
10 Rare and Beautiful Birds



Recently posted . 2K views
 

 Article
The versatile panta bhat has many names, and brings back childhood memories

Long before ‘Masterchef’, the humble fermented rice dish was cool in its own right

Recently posted. 1K views . 0 min read
 

 Article
Iron-clad benefits

The Rock Tawa brand of cast iron cookware, made in the city, is a value addition to the kitchen   The irumbu vadachatti is a vi...

Recently posted. 1K views . 3 min read
 

 
 
 

   Prashnavali

  Thought of the Day

“साख बनाने में बीस साल लगते हैं और उसे गंवाने में बस पांच मिनट. अगर आप इस बारे में सोचेंगे तो आप चीजें अलग तरह से करेंगे.”
Anonymous

Be the first one to comment on this story

Close
Post Comment
Shibu Chandran
2 hours ago

Serving political interests in another person's illness is the lowest form of human value. A 70+ y old lady has cancer.

November 28, 2016 05:00 IST
Shibu Chandran
2 hours ago

Serving political interests in another person's illness is the lowest form of human value. A 70+ y old lady has cancer.

November 28, 2016 05:00 IST
Shibu Chandran
2 hours ago

Serving political interests in another person's illness is the lowest form of human value. A 70+ y old lady has cancer.

November 28, 2016 05:00 IST
Shibu Chandran
2 hours ago

Serving political interests in another person's illness is the lowest form of human value. A 70+ y old lady has cancer.

November 28, 2016 05:00 IST


ads
Back To Top