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>happy workers are a good long-term strategy I always see this cited as a reason but it so rarely happens that it might as well be a Horatio Alger fable. It's
by minikites 6y ago
>happy workers are a good long-term strategy
I always see this cited as a reason but it so rarely happens that it might as well be a Horatio Alger fable. It's not instructive or useful in our current reality and it would be like taking lessons from the workplace successes of Santa's elves.
- Someone1234 6y agoContrast Walmart and Costco, in terms of employee happiness and turnover.
- minikites 6y ago>As of February 2021 Walmart has a market cap of $374.31 B >As of February 2021 Costco has a market cap of $148.54 B https://www.marketwatch.com/story/american-airlines-stock-sinks-as-pay-raise-plan-is-panned-by-wall-street-2017-04-27 https://www.marketwatch.com/story/american-airlines-stock-si... >“We are troubled by [American’s] wealth transfer of nearly $1 billion to its labor groups,” Baker wrote in a note to clients. Treating employees well is punished by the market and neither Costco or American Airlines treat them particularly well, just less terribly than their competitors. A company necessarily has to treat its employees like shit in order to succeed.
- kwhitefoot 6y agoIt depends on where in the world you are, what kind of work the company does, etc. It even depends on where within a country the company has its principal activity. Of course it is not necessarily the case that what works here in Norway would work in the US even if the legal framework were changed to support it.