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Curious...why are his 100 man crew sticking with him if they're currently getting well under market rate?
by wizofaus 4y ago
Curious...why are his 100 man crew sticking with him if they're currently getting well under market rate?
- vkou 4y agoBecause when nobody actually pays market rate, market rate is what he pays them.
- meetingthrower 4y agoHumans don't like change.
- Panzer04 4y agoSecurity, comfort, etc. there’s a reason many businesses habitually underpay - many don’t leave regardless of pay.
- wizofaus 4y agoSure, but it's hard to imagine he doesn't risk losing at least some of his existing employees if there are plenty of other options out there offering considerably more pay. And then be forced into taking on new employees at a considerably higher rate, hoping that won't then seed division/unhappiness in the ranks. It's hard to see it as a long-term viable business strategy anyway.