The famous boss who took a $1 million pay cut in order to raise his employee's salaries 5 years ago has tripled his business by doing so.
Is this perhaps the best boss in the world? We think so...
In a capitalist society, work is a non-negotiable.For the vast majority of us, spending hours of our day at our place of work is just a reality of life.
Which, if you enjoy your work, is no problem.But sadly, many people find themselves stuck in careers they don't really feel passionate about.
And there's something that can make matters even worse.In certain companies, it can feel as though the hard work of the employees all goes into the pocket of an evil, exploitative boss.
Meaning people aren't rewarded for the work they do.Am I the only one thinking about Jeff Bezos right now?
So many wealthy bosses are guilty of being greedy...And instead of paying their hard-working employees fairly, they take the majority of earnings for themselves.
But you know what can make all the difference for overworked employees?A little bit of human connection and appreciation.
It really isn't hard...And all it takes is a little bit of selflessness... which many bosses are sadly incapable of doing.
But one boss recently proved how putting his employees first actually benefited his business...And it's safe to say that he's definitely winning "Boss of the Year" this year!
Dan Price is the CEO of Seattle-based Gravity Payments...
Dan founded his company back in 2004 with his brother...
But it turns out that there's an unusual method behind this success...And that's selflessness.
In 2015, Dan decided to take a personal wage cut.
Dan believed strongly in not allowing hard-working employees to not be exploited.The Guardian back in 2015, he said: "People were being exploited. People I care about, who’ve helped me so much, now have more dignity. The distraction of not having enough to cover the basics has gone."
He wanted his employees to live better and happier lives...
When he first announced this motive, Dan faced a lot of criticism from business professionals...
Including Rush Limbaugh, who claimed that his business venture would be a "failure." Little did they know...
When I started a $70k minimum wage for my company in 2015, Rush Limbaugh said: "I hope this company is a case study… https://t.co/SHXmvkz2CZ— Dan Price (@Dan Price)1598116069.0
Since Dan implemented the $70,000 minimum salaries, his business has tripled.
The CEO has seen his company flourish, with business trebling, staff turnover dropping by half, and his employees living better lives.
Since my company started a $70k min wage in 2015: *Our business tripled *Staff who own homes grew 10x *401(k) contr… https://t.co/FvTubMAw8X— Dan Price (@Dan Price)1598202875.0