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Happy staff give CEO a surprise gift, a Tesla!

Happy staff give CEO a surprise gift, a Tesla!

(3:25) In April 2015, Dan Price, CEO of credit card processing company Gravity Payments, set the minimum wage for all 120 team members at $70,000. A year on, the members show their appreciation. gravitypayments.com/thegravityof70k/

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Guest: New Name (626 days ago)

A business owner that gets it, how rare and how wonderfull.

Paying your employees a proper wage can only pay off to the business owner in the end. Having loyal, and productive employees is worth the extra pay and hassle. No need to pay big bucks to a predatory, do nothing, manager to handle disgruntled employees to threaten them into doing their work.

Maybe he even allows them a chance for advancement with the company, wouldnt that be nice for a change instead of hiring , fresh from college, managers.

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A business owner that gets it, how rare and how wonderfull.

Paying your employees a proper wage can only pay off to the business owner in the end. Having loyal, and productive employees is worth the extra pay and hassle. No need to pay big bucks to a predatory, do nothing, manager to handle disgruntled employees to threaten them into doing their work.

Maybe he even allows them a chance for advancement with the company, wouldnt that be nice for a change instead of hiring , fresh from college, managers.

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Guest: Hitchhiker (626 days ago)

Maybe but its a shame he seems to have some kind of ethnic name. He is supposed to be at least half canadian but we can no longer be sure. His blood line could be tainted and that is not what canada is about. Canada didnt get to were it is today by diluting our stock.

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Maybe but its a shame he seems to have some kind of ethnic name. He is supposed to be at least half canadian but we can no longer be sure. His blood line could be tainted and that is not what canada is about. Canada didnt get to were it is today by diluting our stock.

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Guest: Hitchiker (626 days ago)

Hitchiker doesnt exist anymore.

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Hitchiker doesnt exist anymore.

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Guest: (626 days ago)

He comes back from time to time I see

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He comes back from time to time I see

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COncernedCitizen COncernedCitizen (626 days ago)

Most companies pay employees a "proper wage." Unskilled workers get paid less than higher skilled workers. Higher performing employees get paid more than low performers. People working more hours get paid more than those working fewer hours. Jobs that have fewer eligible candidates get paid higher wages.

You may think because someone at Walmart gets paid $10/hour that it is unfair and not a "proper wage." If that is what you think, then what is a proper wage for a Walmart cashier, $70,000? If you raise their income to 70k, what about the people with advanced degrees and certifications making that much money going to do when someone working at Walmart is making as much as they are? Think about that for a moment.

The people working at Walmart are either not trying to get a better job because they just needed temporary work while going to college, not motivated in life to better themselves, or are not qualified for a higher paying job. If people are not satisfied with the pay they are getting, they have the option to go work somewhere else. They can apply to work for Gravity Payments and get at least 70k a year. They have job postings on their website.

You said having loyal and productive employees is worth the extra pay and hassle. Apparently you haven't owned a business or been in a management position. You cannot buy loyalty and productive employees with money. Paying them $70k may be an initial boost in their performance and job satisfaction but then it will become status-quo and they will demand more later. They will complain about the color of the ink in the company pens, the distance to the nearest restroom, the size of their monitor, the speed of their computer, the number of meetings they have to attend, the pressure to meet deadlines, the parking situation, the temperature in the office, and their co-pay for their health insurance. They will complain that everyone cannot take Christmas week off at the same time or Thanksgiving or other major holiday weeks.

If you haven't experienced these situations with employees, you haven't been managing very long. You will quickly find that money does not buy a happy employee.

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Original comment

Most companies pay employees a "proper wage." Unskilled workers get paid less than higher skilled workers. Higher performing employees get paid more than low performers. People working more hours get paid more than those working fewer hours. Jobs that have fewer eligible candidates get paid higher wages.

You may think because someone at Walmart gets paid $10/hour that it is unfair and not a "proper wage." If that is what you think, then what is a proper wage for a Walmart cashier, $70,000? If you raise their income to 70k, what about the people with advanced degrees and certifications making that much money going to do when someone working at Walmart is making as much as they are? Think about that for a moment.

The people working at Walmart are either not trying to get a better job because they just needed temporary work while going to college, not motivated in life to better themselves, or are not qualified for a higher paying job. If people are not satisfied with the pay they are getting, they have the option to go work somewhere else. They can apply to work for Gravity Payments and get at least 70k a year. They have job postings on their website.

You said having loyal and productive employees is worth the extra pay and hassle. Apparently you haven't owned a business or been in a management position. You cannot buy loyalty and productive employees with money. Paying them $70k may be an initial boost in their performance and job satisfaction but then it will become status-quo and they will demand more later. They will complain about the color of the ink in the company pens, the distance to the nearest restroom, the size of their monitor, the speed of their computer, the number of meetings they have to attend, the pressure to meet deadlines, the parking situation, the temperature in the office, and their co-pay for their health insurance. They will complain that everyone cannot take Christmas week off at the same time or Thanksgiving or other major holiday weeks.

If you haven't experienced these situations with employees, you haven't been managing very long. You will quickly find that money does not buy a happy employee.

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Guest: New Name (626 days ago)

So says you , whoever you are.

I say your a very narrow minded person to think this way.

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So says you , whoever you are.

I say your a very narrow minded person to think this way.

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COncernedCitizen COncernedCitizen (626 days ago)

It is someone with a narrow mind that cannot see the bigger picture when you globally increase everyone's wage to 70k as a minimum. It is funny you think I have a narrow mind when you seem to ignore the consequences of that action.

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It is someone with a narrow mind that cannot see the bigger picture when you globally increase everyone's wage to 70k as a minimum. It is funny you think I have a narrow mind when you seem to ignore the consequences of that action.

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Guest: (625 days ago)

Yes! Let's reduce the minimum wage to 2 USD/hr, so that we can increase the bonus for the CEOs.

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Yes! Let's reduce the minimum wage to 2 USD/hr, so that we can increase the bonus for the CEOs.

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Guest: New Name (625 days ago)

This is just one company, who by the looks of it, has a fairly well trained staff of professionals, each had to put years of training behind them.

They deserve fair compensation for their time, after all american workers are the most productive in the world. The share holders will just have to expect less profit and consider the money they pay in wages as an investment in their company. This way they have a well trained staff always there on hand. Think of the money they could save by not firing the secretary when its raise time.

I wouldn't get out of bed for 70k a year.

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This is just one company, who by the looks of it, has a fairly well trained staff of professionals, each had to put years of training behind them.

They deserve fair compensation for their time, after all american workers are the most productive in the world. The share holders will just have to expect less profit and consider the money they pay in wages as an investment in their company. This way they have a well trained staff always there on hand. Think of the money they could save by not firing the secretary when its raise time.

I wouldn't get out of bed for 70k a year.

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Guest: Thundercat (626 days ago)

That is a typical american atitude. I bet your a capitalist probably jewish. I am canadian and here we support the workers not the fatcats. We dont ignore anything its you who ignores things.

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That is a typical american atitude. I bet your a capitalist probably jewish. I am canadian and here we support the workers not the fatcats. We dont ignore anything its you who ignores things.

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Guest: thundrepuse (625 days ago)
Latest comment:

wow that wasnt me but you go girl, give em hell

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Latest comment:

wow that wasnt me but you go girl, give em hell

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Guest: New Name (626 days ago)

Cary please ignore this poster. I am the real Thundercat, Hitchiker, Jechill, New Name and foul and a few others, this guy is an imposter with no life. We dont have a problem with jews because they have contributed. Its muslims, arabs, blacks and asians that arent welcome and I dont think that includes you even though I disagree about Steve Jobs.

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Cary please ignore this poster. I am the real Thundercat, Hitchiker, Jechill, New Name and foul and a few others, this guy is an imposter with no life. We dont have a problem with jews because they have contributed. Its muslims, arabs, blacks and asians that arent welcome and I dont think that includes you even though I disagree about Steve Jobs.

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COncernedCitizen COncernedCitizen (626 days ago)

Financial analysts think the company will go under with this new 70k minimum wage. Also, looking at the job postings they have, there are no low paying jobs like security, janitors, and bathroom cleaners. I suspect they get around the 70k minimum wage for those workers by hiring a contracting company for those low wage jobs.

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Financial analysts think the company will go under with this new 70k minimum wage. Also, looking at the job postings they have, there are no low paying jobs like security, janitors, and bathroom cleaners. I suspect they get around the 70k minimum wage for those workers by hiring a contracting company for those low wage jobs.

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Guest: (626 days ago)

You think way too much. Just be happy for the people in this clip. He's a popular boss, they're happy employees and I doubt if your job is threatened by anything they do.

Quit being such a killjoy.

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You think way too much. Just be happy for the people in this clip. He's a popular boss, they're happy employees and I doubt if your job is threatened by anything they do.

Quit being such a killjoy.

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COncernedCitizen COncernedCitizen (626 days ago)

He is a popular boss today but will be unpopular when the company goes bankrupt and all the employees lose their job. It is speculated that this is nothing more than a publicity stunt for a company hoping to make the news and get more clients. If that publicity fails, so will the company.

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He is a popular boss today but will be unpopular when the company goes bankrupt and all the employees lose their job. It is speculated that this is nothing more than a publicity stunt for a company hoping to make the news and get more clients. If that publicity fails, so will the company.

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