It's been a few months since Dan Price, the 31-year-old CEO of Gravity Payments, unveiled a controversial plan to pay even the most junior employees on his 120-person staff a minimum salary of $70,000. And while it's too soon to tell if the plan will succeed long-term, the response to it was immediate and overwhelming. It's been reported that the salary spike has led to both positive and negative outcomes at the company. On one end, many employees are pleased with their salary increases, and the...
It's been a few months since Dan Price, the 31-year-old CEO of Gravity Payments, unveiled a controversial plan to pay even the most junior employees on his 120-person staff a minimum salary of $70,000. And while it's too soon to tell if the plan will succeed long-term, the response to it was immediate and overwhelming. It's been reported that the salary spike has led to both positive and negative outcomes at the company. On one end, many employees are pleased with their salary increases, and the...
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