Is it good employer strategy to pay my employees just enough so that they can’t save money, so that they can never walk away from the job?
Like, there is a threshold where if they are able to save X per month, they will eventually use that against you and quit at an inopportune time?
And if that threshold falls below state mandated minimum wage, what steps can be taken to mitigate this?
Doing this is the kind of advice Boston Consulting Group would give shortly before Citadel cellar boxes your company.
It’s a seriously bad idea. pay shit, get shit employees. It will see OP’s company providing shit service, cost more in both turnover and having to fix the shit that their shit employees shat all over, as well as driving customers away.
It’s also immoral.
And yet it seems to work for Walmart. Or am I missing something?
Is Walmart typically known for having highly skilled, dedicated workers?
Or desperate folks that would leave for another opportunity without a second thought?
I guess, “it works” but I wouldn’t say it’s REALLY working.