Sideline
When they made that statement, 19c div. it was with the caveat unless future profit materially affected, so you are right any reference to 19c not valid.
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Sideline
When they made that statement, 19c div. it was with the caveat unless future profit materially affected, so you are right any reference to 19c not valid.
lol yes I practice maybe on the weekend
http://www.stuff.co.nz/business/indu...se-profit-fall
Really? I've lived in New Zealand for...over a decade now and walking into a Warehouse store has remained exactly the same experience.Quote:
Originally Posted by stuff
I reckon they need to tell customers they are a superior payer to their staff than most comparable retailers, why not boast about it?
I guess this is an excellent example showing that paying staff more than they deserve is not just a waste of good money - it actually can reduce your overall staff performance. If you pay staff too much, than you entrap the group of always unhappy whingers and underperformers which any large organisation inevitably hires from time to time. In other organisations these people normally leave after some time because they feel unloved. However - if you pay them too much, than they are basically forced to stay - nobody else would give them that money. The result: higher wages give you more and more low performers on your payroll impacting on your overall organisational performance.
Maybe not quite as clear-cut as you make it sound ( I know you said "can reduce") BP. But I do agree with you.
Not talking about WHS staff here (as I don't know pay rates, etc. But I have certainly seen businesses where they would have been better off paying some a little less to help move them on, and some a little more to keep the good ones. Seems to be difficult for some bosses to make this call in such a PC world (and I guess collective agreements, etc.).
I definitely know of people staying in a job that they badmouth simply because it's not worth their while moving.
Everyone loses.......
Thankfully most people have a more optimistic way of looking at the world. This would recognise that a vast majority of employees do have a brain and realize that employers who pay more are saying "thanks we do value your contribution". This in most cases will prompt positive behaviour. If however, you cannot change the few negative attitudes then its time to "manage them out to a more suitable place of employment". Employers who pay more/offer better conditions will always have superior leverage when it comes to staff issues.