CEO Dan Price Pays Staff Over Rs 63 Lakh Minimum Salary Per Annum, Asks Other Companies To Be Fair Too
A CEO identified as Dan Price pays over Rs 63 lakh to all his employees as minimum wage. He asks other employees to pay fairly as well.
With the current inflation and rising prices of almost everything, one also needs an increased salary to survive and keep up with the current prices. So, a CEO of a company who is paying his staff a minimum salary of $80k (Rs 63,65,008, approximately) per year has called for other companies to step up and pay fairly too.
CEO pays over Rs 63 lakh as minimum wage to employees
CEO Dan Price heads Gravity Payments in Seattle. The man had revealed the impressive package he offers employees, including $80k (?66k) salaries as standard, remote and flexible working as well as paid parental leave.
Now, he is asking that other companies do the same for their employees stating that they should be treated with respect. He wrote his views and opinions in the form of a Twitter post.
He said, "My company pays an $80k min wage, lets people work wherever they want, has full benefits, paid parental leave, etc. We get over 300 applicants per job. 'No one wants to work is a hell of a way of saying 'companies won't pay workers a fair wage and treat them with respect'."
My company pays an $80k min wage, lets people work wherever they want, has full benefits, paid parental leave, etc.
¡ª Dan Price (@DanPriceSeattle) August 8, 2022
We get over 300 applicants per job.
"No one wants to work" is a hell of a way of saying "companies won't pay workers a fair wage and treat them with respect."
While many thought this was a great offer and criticised their own companies for not paying enough, some thought that this may be a little too much. One user said, "Makes sense why I can't find a decent employer that would accommodate for my needs as an Autistic, disabled individual. There are no jobs, or the jobs fill up immediately. I've been filling out apps for a year now... still no luck."
Makes sense why I can't find a decent employer that would accommodate for my needs as an Autistic, disabled individual. There's no jobs, or the jobs fill up immediately. I've been filling out apps for a year now... still no luck
¡ª Acey Angel (@AceTheFallen) August 8, 2022
Your company can afford this, but many cannot. Don¡¯t assume that every business that can¡¯t find employees is low balling their applicants. It¡¯s impressive that you can pay $80k, but you have a credit card processing company; this just goes to show how profitable your company is.
¡ª Panthers Braves addict (@TomahawkClaw) August 8, 2022
This is true across all workforce lanes. Leadership at highly valued highly respected much needed nonprofit orgs treat their staff like trash while delivering crappy benefits.
¡ª Brooke Erdmann (@BrookeErdmann) August 8, 2022
Gosh I really like your mentality towards paying workers well, but it¡¯s really hard for us smaller companies to get to this point.
¡ª Cantrip Candles (@CantripCandles) August 8, 2022
What advice would you have for owners of companies still finding their stride?
I think it can be both. My job pays $24 an hour for warehouse positions and it¡¯s hard to find qualified people. Some show up to interviews in b ball shorts and flip flops. Just seen it from my experience
¡ª Gerardo (@jcdulos1) August 8, 2022
Price had previously gone viral after he shared how he gave all employees at Gravity Pay a salary of $70k (?52,000) per year, before increasing it to $80k. He previously shared his company ethos on Twitter, writing: "6 years ago today I raised my company's min wage to $70k. Fox News called me a socialist whose employees would be on bread lines.
"Since then our revenue tripled, we're a Harvard Business School case study & our employees had a 10x boom in homes bought. Always invest in people."
6 years ago today I raised my company's min wage to $70k. Fox News called me a socialist whose employees would be on bread lines.
¡ª Dan Price (@DanPriceSeattle) April 13, 2021
Since then our revenue tripled, we're a Harvard Business School case study & our employees had a 10x boom in homes bought.
Always invest in people. pic.twitter.com/o7Ca7I4b7e
Many people questioned his work ethic but the company made huge profits
Many people criticised his work ethic and questioned how his company is going to survive. But Price shut them down stating how his company had improved hugely since the moves were implemented.
Well, where can we sign up to apply for this job?
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Building, coordinating and crafting engaging content for lifestyle brand 'Evolve' at Indiatimes. Successfully revamping the lifestyle section including topics such as mental health, relationships, self, skin care, music etc. I collaborate with experts from various fields to gather insights and create well-structured pieces.
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