Paying for Performance: How to Avoid Salary Compression and Other Compensation Pitfalls
In 2015, Gravity Payments, a Seattle-based credit card processing firm, tried something unorthodox: Chief Dan Price set a new minimum salary of $70,000, even sacrificing some of his own to make it happen. It made national news. Résumés poured in. But this seemingly heroic gesture also had unexpected consequences: Two of Price’s most valued employees […]