Earlier this year, CEO Dan Price of Seattle-based Gravity Payments, made headlines after raising his employees’ base salary to $70,000 a year. Yet, not everyone at Gravity Payments agrees with his plans to share the wealth.
Two of his top employees quit in protest whose departure was “spurred in part by their view that it was unfair to double the pay of some new hires while the longest-serving staff members got small or no raises.” And his brother, Lucas Price, filed a lawsuit against Dan for violating Lucas’ rights as a minority shareholder and breaching duties and contracts.
Finally, Price has had to rent out his own house to help cover his bills. Much of the company’s profits, $2.2 million last year, were reinvested in the company not to expand or innovate, but to cover the new minimum wage.
Now, Netflix will begin offering unlimited paid maternity and paternity leave in the first year after a child is born or adopted. The thinking behind offering unlimited-time-off perks is that it will motivate employees and increase worker productivity.
A recent study found that for every 10 extra hours of vacation time employees took advantage of, their performance ratings from their bosses climbed 8 percent, and that those who took frequent vacations were less likely to leave the company. Plus, workers not taking all of their vacation are a financial liability for companies leaving company’s saddled with $224 billion in liabilities for vacation days that employees were given but did not take.
But the reality is that giving employees unlimited time off might mean they actually take less vacation. The reason for this is something called “work martyr syndrome.”
Employees think that it will look extra good to their bosses if, despite being given unlimited vacation time, they actually take even fewer days off. And it isn’t for those with unlimited vacation.
Even those who get a set number of vacation days don’t even take them all. A 2014 analysis found that U.S. workers left an average of 3.2 vacation days on the table.
Finally, McDonald’s is rolling out self-service kiosks in restaurants across the U.S. that allow customers to order and pay for their food without ever having to interact with a human. The kiosks are reportedly a response to a call for a $15 an hour minimum wage.
And as the economy continues falter because of Progressive business models, the Obama Administration continues to push climate change and green energy – one which is scientifically unsubstantiated, while the other has failed over and over again.