Chad Silverstein argues employees will take lower pay to stay with leaders they respect and trust. When financial stability is met, love and respect matter more than raises. Leaders who ignore this and maintain huge pay gaps risk losing their teams.
Chapters
Today things are happening so fast and people are always looking out for the next best thing, and you can't replace love. You can't replace trust. It's so rare that when people have it, they'll trump a little bit of a raise because they have that, because of maybe the fact that they were burned at their last job and they know that when they were making more money, they still weren't happy. And I think if people are making their ends meet and they have the finances to be able to do what they want and live comfortably, they'll take a cut because they put a premium I'm working for someone that they love, that they respect. So rare, but to find those individuals, you wanna run through walls for those people, and it's a two-way street. The employer should wanna do the same for the employee. And so when employers just focus on money and you see that gap of how much they make compared to the entry-level employees, it says so much. So if you're a leader, look at your income, look at your entry levels, see what that gap is. It might be one of the reasons why people are quietly or loudly quitting your organization.