Linkedin Join now Sign in ~ Discover Business and Management Gary Travis IHelp Solopreneurs Grow To 30k Engaged Followers In 12 Months Or Less While Building Multiple Income Streams Founder of BloomingBound.com Sharer Of Thoughts Imo We hired someone recently that was working at another company: When discussing salary, we were shocked at the low salary she asked for It was clear the other company did not value her: So, we made her an offer that was 50% higher than what she wanted: Yes_ we could have given her the salary she asked for: But we know what she is really worth and we want her to stay with us Remember this: It will cost you more to replace top talent than it would have cost you to keep them people what they are worth: Gary Travis #garytravis #humanresources #hiringandpromotion #leadership 127,269 2,617 Comments Like Comment Share Ross Dunn 3 time Budtender Awara nominee Interationa Event/Marketing management: 4w Remember that CEO who took pay cut so he could pay all his employees minimum wage of $70,0007 Here what happened next: Six years later after the decision that others said would destroy his business Dan reports that revenue has tripled the customer base has doubled, 70% of his employees have paid down debt, many bought homes for the first time, 401(k) contributions grew by 155% and turnover dropped in half: His business is now Harvard Business School case study: In his own words: "6 years ago today raised my company's min wage to $70k. Fox News called me socialist whose employees would be on bread lines_ Since then our revenue tripled, we're Harvard Business School case study & our employees had 1Ox boom in homes bought: Always invest in people just Pay