Paying Better Wages Pays Off

In his post "The Competitive Advantages of Overpaying," Jim speculated about what happens when an organization pays better than market. He used actors as an example, but he also broadened the topic to include mention of Goldstar: "I believe strongly that strategically overpaying for talent is one of the smartest things a business or organization can do. ... In our own organization (Goldstar), we have deliberately raised starting salaries above market in several key areas over the years, especially customer...

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