Showing posts with label dan price. Show all posts
Showing posts with label dan price. Show all posts

Tuesday, October 15, 2019

Good . . .

. . . news
 . . . some kindness, compassion, appreciation and NO GREED!



(from https://www.cnn.com/2019/09/25/business/gravity-increases-employee-minimum-salary-to-70k-trnd/index.html)
". . . A maverick CEO who slashed his own salary four years ago to raise his employees' pay is doing it again. . . Dan Price, the head of Seattle-based Gravity Payments, said . . . that all of the employees in the company's new Boise, Idaho, office will earn a minimum annual salary of $70,000 by 2024.
"This morning we cut the ribbon on the new @GravityPymts Boise office AND announced that all of our employees here will start earning our $70k min salary," Price announced on Twitter. "I'm so grateful to work with this amazing team and to be able to compensate them for the value they bring to our community." . . . In 2015, Price decided to hike his employees' pay after he read a study about happiness. It said additional income can make a significant difference in a person's emotional well-being up to the point when they earn $75,000 a year. . . He then made the decision to increase the salaries for all of his 120 employees in Seattle, raising the minimum salary to $70,000 -- and slashing his $1 million salary by 90% in order to make it happen. . . The move doubled the pay of about 30 of his workers and gave an additional 40 significant raises. . . Price says the higher wages have transformed the lives of his employees. They have been able to grow their families, more than 10% of employees have purchased a house for the first time and individual 401(k) contributions have more than doubled. . . Since then, Price has shared his story all over the country and has inspired other business leaders to do the same. . . "




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Saturday, April 18, 2015

Game . . .



. . . change . . .


(from http://www.entrepreneur.com/article/245085)
". . . Gravity Payments founder Dan Price has just announced yet another game-changing proposition.
Over the next three years, the 30-year-old plans to raise the minimum salary for every employee at his credit card processing company to $70,000, he told The New York Times. . ."

He reached his decision after reading a study that said money makes a major difference in the lives of those who make less than $70,000. The initiative will be funded by cutting his own $1 million salary to $70,000 and allocating 75 to 80 percent of the company’s expected $2.2 million in profits this year. 70 employees will get raises and some will see their salaries double. The current average salary is $48,000. “The market rate for me as a CEO compared to a regular person is ridiculous, it’s absurd,” he told the Times. The announcement was met by ecstatic cheers followed by speechlessness on the part of employees.






What do you think?
Tell me at
http://www.rayjozwiak.com/guestbook.html  or at
http://www.ohomusic.com 


OHO's "Ocean City Ditty," the CD single is now available at http://www.cdbaby.com/cd/oho4
(and, if you're in town, at Trax On Wax on Frederick Rd. in Catonsville, MD) OHO is Jay Graboski, David Reeve & Ray Jozwiak.  Please Visit http://www.ohomusic.com 


My latest solo offering, Just More Music by Ray Jozwiak, featuring original, instrumental piano music will be released April 7, 2014  Just More Music by Ray Jozwiak
(To Access all Ray Jozwiak - Gonzo Piano music you can copy-and-paste this URL directly to
your browser:  http://http://www.cdbaby.com/Artist/RayJozwiak)

Also, be sure to visit:
http://www.rayjozwiak.com



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