Chapter
Learning the Value of Paying People Well
32:17 - 35:37 (03:20)
The podcast discusses the value of paying people more than what's needed. Costco was used as an example of a company with a reputation for paying its workers well, creating a virtuous feedback loop.
Clips
The hosts discuss the benefits of paying employees more than the minimum required and how it can create a virtuous feedback loop leading to a company's success.
32:17 - 34:44 (02:26)
Business
Summary
The hosts discuss the benefits of paying employees more than the minimum required and how it can create a virtuous feedback loop leading to a company's success.
ChapterLearning the Value of Paying People Well
Episode#107 Sol Price: Retail Revolutionary & Social Innovator
PodcastFounders
In the second part of this podcast series, host David Brown shares more about Sol Price's philosophy of paying his employees wages above the competitors in order to attract and retain the best workers, and how this often yielded higher profits.
34:44 - 35:37 (00:53)
Business
Summary
In the second part of this podcast series, host David Brown shares more about Sol Price's philosophy of paying his employees wages above the competitors in order to attract and retain the best workers, and how this often yielded higher profits.