Monday, February 10, 2014

how being a decent human being does lead to the big bucks.

Educator and author Zeynep Ton has exposed the myth that companies need to pay their employees the least amount legally possible to make their companies profitable. The strategy of paying employees less and expecting more has actually proven to harm businesses. In her book, The Good Jobs Strategy, Ton gives multiple examples of businesses that operate under the “good jobs strategy” for example, Costco and Trader Joes, and are extremely successful. There is also ten years of research to back up every single one of her claims and strategies. Southwest Airlines, ranked super high yearly says it best: "We take great care of our people, they take great care of our customers, and our customers take great care of our shareholders." Well that sounds easy enough.

The point is that a company CAN turn a profit while paying employees a living wage and treating them like valued members of the enterprise, from the stock room to the cashiers. Get a load of this, Walmart.

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