Marc Haine describes a startup that set a $70,000 minimum wage, a move many thought impossible. When COVID hit, the entire staff fought to keep it alive. The company not only survived but raised the minimum to $80,000, showing that fair pay makes people care enough to save the business.
It's interesting because in the States, there's a finance company like some sort of a credit company or a payment portal company where the startup, he decided that he was going to have a minimum wage for all his employees was $70,000. Oh wow! And people thought he was on crack. He was a young guy but they thought he was, you're never going to survive. You can't pay that kind of money and so on. And then, COVID hit. Do you know that all his staff stepped up to make sure that his company survived? They did what they needed to do. to make sure that the company survived. And because of that, he not only retained all his business and all his staff, now his minimum wage is now $80,000 per employee. Wow! And he's surviving, right? Because what happens is when you treat people fairly, when you give people what the game plan is and you treat them fairly, they will bend over backwards to make sure that you succeed. Oh, that's such a good example. They tie your success to their success. And they realize every person in this company knows that they're not just a cog in the wheel. They are an integral part of that company's success. The wheel does not move without them. And that's, I think, the important part of it. Yes.
