Company Testing Standardized Salaries Is Struggling

Posted by Soulskill on Friday August 7, 2015 @09:38AM from the all-about-the-benjamins dept.

jmcbain writes: In April 2015, Dan Price, the CEO of online payments company Gravity Payments based in Seattle, announced that all employees would have their salary bumped up to a minimum $70,000. Slashdot covered this news. Since that time, however, things have not gone well. Some employees quit because they felt it was unfair to double the pay of some new hires while the longest-serving staff members got small or no raises. Furthermore, after reducing his own salary from $1M to $70K, Mr. Price is now renting a house 'to make ends meet'. On an unrelated note, Mr. Price's brother, who is a co-founder of the company, is suing him.

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Haha. by r.freeman · 2015-08-07 09:48 · Score: 1, Troll

Silly quasi-communists.
At least that guy is allrigh as he only wasted own money, as opposed to the actuall communists and socialists, so good riddance.
Nice experiment of price difference as extra motivator...