New Restaurant Proves Advantages of Overpaying
- DATE: March 25, 2015
- POSTED BY: Sarah Carrillo
While at first glance it may seem crazy to "overpay" employees, Jim makes a strong case for it in his post The Competitive Advantages of Overpaying: "Just because tons of free artistic labor is available doesn’t mean that’s what you have to pay. In fact, I believe strongly* that strategically overpaying for talent is one of the smartest things a business or organization can do. Pay 'market,' get 'market.' Pay better than market in an area where people are hungry, and...