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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?

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[-] Nibodhika@lemmy.world 11 points 2 months ago

Nope, it's a terrible one. Everyone will be constantly looking for new jobs. And would do the bate minimum to not get fired, that's the contract you're signing, bare minimum pay for bare minimum work.

Regardless of what you do, it's likely that you'll need multiple times the amount of employees to get shit done, because one dedicated employee is worth several doing bare minimum, depending on the job some works simply won't happen because no one gets paid enough to do them.

Besides that you'll suffer brain drain, i.e. anyone good enough will leave you, and they won't accept a raise to stay because if someone offered them double their salary and you tried to match it they would immediately see the bullshit you'd put them through and know that the only way to get a better pay again would be to get a new offer from someplace else.

Anyone bad enough that other companies don't want would be stuck with you, but there's a reason other companies don't want them.

You wouldn't be able to pull any new talent, you'd get stuck just getting people no one else wants because they're the only ones willing to work for that low.

[-] andrewta@lemmy.world 0 points 2 months ago

Seems to work for Walmart though

[-] okwhateverdude@lemmy.world 4 points 2 months ago

Only because they massively displaced a shitload of local business. Same with Amazon. If you have very little skills, where else are you going to work?

this post was submitted on 07 Sep 2024
-73 points (13.9% liked)

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