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?
It is a terrible employer strategy that all but guarantees you will have a high turnover rate as people use their off hours to find better paying work.
It also ensures any public you have to face will consistently be interacting with a work force that could not give any less of a fuck, because you are literally not paying them enough to.
The only conceivable way this is a good business strategy is if you are either a short term seeking nepo baby, get all your business advice from one, or are yourself a complete and utter drooling moron who has never once taken even a beginner’s course in proper employee retention.
Do. Not. Do. This.
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And yet it seems to work for Walmart. Or am I missing something?
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