It sits at the bottom of Maslowâs hierarchy.
If you donât pay your employees the market rate for their jobs, nothing else matters. You cannot call yourself a strong leader or call your company a good place to work.
It doesnât matter if you are a startup. If you canât raise enough money to pay your employees fairly, why should anyone have faith in your ability to grow the business?
It doesnât matter that you are a not-for-profit.
If the executive director and the Board together cannot generate the funds to pay people fairly, how can they be trusted to fulfill your organizationâs mission?
Forget the foosball table
Forget the free beer on Friday nights
PAY PEOPLE WHAT THEY DESERVE