Is it good employer strategy to pay my employees just enough so that they can't save money, so that they can never walk away from the job? - eviltoast

Is it good employer strategy to pay my employees just enough so that they can’t save money, so that they can never walk away from the job?

Like, there is a threshold where if they are able to save X per month, they will eventually use that against you and quit at an inopportune time?

And if that threshold falls below state mandated minimum wage, what steps can be taken to mitigate this?

  • Kelly@lemmy.worldEnglish
    4·
    2 months ago

    What steps can be taken to mitigate this?

    Be an employer of choice. What can you do to make people want to work with you, not out of necessity but because you are better than the alternatives. (Pro tip: if you’re paying the lowest rate you’re allowed to without braking the law you better be offering some other incentive)