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And more importantly above all, in my opinion, is the profit. A portion of the revenue generate by an employee becomes profit. Lower the revenue (since lower ho
by kaftoy 6y ago
And more importantly above all, in my opinion, is the profit. A portion of the revenue generate by an employee becomes profit. Lower the revenue (since lower hours) means lower net profit. Giving up net profit is not somthing a business owner thinks about lightly.
- philmcp 6y agoBut if you pay lower salaries, you can hire more people. There is very little difference (imo) between 3 employees @ 40hrs per week vs 4 employees @ 30hrs per week. There will be more administration and onboarding admittedly, but this should be balanced by more productive employees (i.e. less burnout)