what a disappointMINT.
Comment on When the pizza party is too expensive, you go with the EncourageMint
jplate8@lemmy.world 8 months agoCompany making millions due to its workers efforts, while rewarding them with practically nothing? Sounds like business school is teaching capitalism perfectly.
dadGPT@lemmy.world 8 months ago
abcd@feddit.de 8 months ago
This is a very underrated comMINT!
ryathal@sh.itjust.works 8 months ago
They aren’t teaching psychology in them. Stupid “gifts” like these are a net negative. You are so much better off giving nothing than a crappy gift.
Kungolicious@lemmy.world 8 months ago
I disagree. A higher turnover rate means paying the new guy less money. You’ll see this more often when they want to annoy people into quitting so they don’t need to pay unemployment.
They’re using the psychology correctly. It’s just awful for people as a whole. But it can temporarily make their books look good (high sales, low expenses) and justify bigger bonuses for the board.
ryathal@sh.itjust.works 8 months ago
Generally the people that can leave of their own will are the people you don’t want to leave though. You might save 20% or more on salary, but you also loosing far more in productivity.
High turnover only works when it doesn’t take long for employees to reach a productive level. Now that the market is tightened and there isn’t free money everywhere, companies that survived despite turnover are going to struggle as that cost becomes more obvious.