The Price of Fairness


It is certainly nothing new, but the economic disparity between the salaries of company owners or even high-ranking chief officers and those that work below them has stretched to an unacceptable width. As CEOs of many companies continue to rake in hundreds of thousands, if not millions of dollars per year, their employees on the front lines struggle to allocate their meager paychecks across all of life’s unavoidable expenses. If you’ve ever heard the saying “you get what you pay for,” you know it applies to many aspects of life. For the same reason there are probably certain items you shouldn’t purchase at a dollar store if you’re expecting supreme quality, employers who want the best talent and hardest workers to join their ranks need to offer a compensation package that is commensurate with that desire. Low pay, erratic and inflexible hours and scheduling, punitive recourse as opposed to constructive team-building, as well as lack of benefits and paid time off have become a depressing norm in many large corporations. It is no small wonder that the retail industry, which is notorious for the aforementioned practices, suffers such an explosively high employee turnover rate. Continue reading