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Can you pay your employees more AND increase profits?

Mon, 10/10/2016 - 12:44

 

What would you rather have?


(A) 3 people making $12 an hour or


(B) 4 people making $10 an hour?


I will take the 3 people making $12

 

Why? Well several reasons.....

 

  • My 3 cost $36/hour versus the 4 at $40/hour = $4/hour LESS
  • The 3 at $12 will OUT PRODUCE the 4 at $10
  • ATTENDANCE/ATTITUDE of $12/hour people are higher
  • $12/hour people will PUSH the production standard HIGHER
  • Turnover is REDUCED as income increases

This is an over simplified example of how productivity and profits

can be increased while paying your employees more money