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Gravity Payments: Minimum Wage is a Heavy Load  
Product Ref: 15/567C Company: Gravity Payments

Product Type: Case Industry: Consumer Finance

Related Product(s): Teaching Note
Authors: Tao Lin   Tim Summers
Since April 2015, Dan Price has implemented a US$70K minimum salary at his company. As owner and CEO of Gravity Payments, a Seattle-based credit-card payment-processing firm, he wants to lead by example to reduce the growing income inequality between the highest and lowest paid. One of his secondary objectives, publicity for the stance he has taken, has certainly been achieved, but what are the longer-term implications for him, his firm and his employees? This is a risky move: would employees be happier and the firm more stable with a different compensation arrangement?
Functional Area : Human Resource Management

Learning Objective: Challenges and dilemmas in compensating a workforce
Length: 5 pages Country: United States of America

Pub. Year: 2016 Level of Difficulty: 2
This product type is available in the following language(s):      English
Related Information: N/A
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