CEO Who Took $1M Paycut To Give All Employees $70K Minimum Salary In 2015 Explains How It Affected The Company

Sat, 5 Sep 2020 05:29:13 +1000

Andrew Pam <xanni [at]>

Andrew Pam

"The belief is that when employees are not preoccupied with the problem
of how to make ends meet, they are more focused on their jobs, and
happier because they work for a company that recognizes their value. And
apparently it’s working.

It makes Dan very happy. “What I got back in return was better than
anything I could have ever imagined, and was truly exciting and shocking
in some ways,” he told the afore-criticized Forbes. “What I got back in
return is, we went from instead of having zero first-time homeowners per
year, now we have many first-time homeowners here at Gravity, and that
is so exciting to me.”

Secondly, the rate for things like retirement, for people at Gravity,
has also skyrocketed. But the absolute best thing for the CEO out of
instituting the increased wage has been hearing about how they went from
close to zero first-time parents every year at Gravity to about 20
babies born to families there each year."

Via Muse, who wrote "Ah Seattle… You’re not perfect, but you do many
things right."

Share and enjoy,
                *** Xanni ***
--               Andrew Pam                 Chief Scientist, Xanadu            Partner, Glass Wings               Manager, Serious Cybernetics

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