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Amazon, Costco, and God: COSTCO'S CEO EXPLAINS HOW THEY MAKE RECORD PROFITS "WE PAY WORKERS $45K/YEAR, PROVIDE HEALTH INSURANCE AND LET THEM UNIONIZE THE OPPOSITE OF WHAT WALMART DOES." quickmeme.com fandomsandfeminism: jenniferrpovey: beachgirlnikita: thememacat: WTF is this for real? Yes - https://www.costco.com/benefits.html See, what the race-to-the-bottom people forget is one simple fact: The average cost to replace a minimum-wage retail employee, according to a study by the Center for American Progress, is $3,328. And that’s a lowball. Basically, any time somebody quits or is fired, it costs the company money. A lot of money. New employees are also less productive (because it takes people longer to do things they are less familiar with). Employee churn is very expensive. The Wal-Mart (and Amazon) model is to consider employees as expendable robots. They completely dismiss the costs of hiring, onboarding, training, reduced productivity during the training period, etc, because “these people are cheap.” Costco treats employees as “appreciating assets” - that is to say, employees become more valuable over time. Therefore, it is better and more productive to only replace employees who aren’t doing their jobs. Let’s take a warehouse worker in a large facility. A new worker will waste time remembering which aisle it is, may take a longer route there, etc. Somebody who has been there a year has it down cold. They’ll pick the item far quicker than the new person. This improves productivity, which improves profits. But for some reason a lot of companies don’t seem to grasp this. All they see is the paycheck, when the actual figure they should be looking at is the profit a worker produces. That is to say, the difference between productivity and pay. Raising pay causes people to stick around and become more productive, which actually increases the profit in the long term. We need to stop thinking so short term. Oh my god. Costco employees get paid better than starting teachers in my school district. (Which is not to say they should be paid less. We should be paid more.)
Amazon, Costco, and God: COSTCO'S CEO EXPLAINS HOW
 THEY MAKE RECORD PROFITS
 "WE PAY WORKERS $45K/YEAR, PROVIDE
 HEALTH INSURANCE AND LET THEM UNIONIZE
 THE OPPOSITE OF WHAT WALMART DOES."
 quickmeme.com
fandomsandfeminism:

jenniferrpovey:

beachgirlnikita:

thememacat:
WTF is this for real?
Yes - https://www.costco.com/benefits.html

See, what the race-to-the-bottom people forget is one simple fact:
The average cost to replace a minimum-wage retail employee, according to a study by the Center for American Progress, is $3,328. And that’s a lowball. Basically, any time somebody quits or is fired, it costs the company money. A lot of money. New employees are also less productive (because it takes people longer to do things they are less familiar with). Employee churn is very expensive.
The Wal-Mart (and Amazon) model is to consider employees as expendable robots. They completely dismiss the costs of hiring, onboarding, training, reduced productivity during the training period, etc, because “these people are cheap.”
Costco treats employees as “appreciating assets” - that is to say, employees become more valuable over time. Therefore, it is better and more productive to only replace employees who aren’t doing their jobs.
Let’s take a warehouse worker in a large facility. A new worker will waste time remembering which aisle it is, may take a longer route there, etc. Somebody who has been there a year has it down cold. They’ll pick the item far quicker than the new person. This improves productivity, which improves profits.
But for some reason a lot of companies don’t seem to grasp this.
All they see is the paycheck, when the actual figure they should be looking at is the profit a worker produces. That is to say, the difference between productivity and pay. Raising pay causes people to stick around and become more productive, which actually increases the profit in the long term.
We need to stop thinking so short term.


Oh my god. Costco employees get paid better than starting teachers in my school district.
 (Which is not to say they should be paid less. We should be paid more.)

fandomsandfeminism: jenniferrpovey: beachgirlnikita: thememacat: WTF is this for real? Yes - https://www.costco.com/benefits.html See, w...

Brains, Head, and Life: Have you ever had a job where you did nothing for years and nobody found out? Shayne Wyatt Answered Sep 22 Once worked at a steel company and there used to be this guy with a clipboard and pen who would continually be in the stock area checking labels, boxes, pallets, shipping packages. His name was Bob and everyone liked him, he was personable, was into sports, just an all round nice guy who got along with everyone staff, managers, bosses, everyone. Bob had been with the company all of 15 years by then, and you have to understand, this was a large steel mill with a couple thousand people working throughout the three mills on the same property. Anyway, at a managers meeting a decision was made to have an employee look after a certain area of finished nails, screws, nuts and bolts. They were scratching their head about who had the brains to handle it. One of the managers said, "Why not Bob?" Everyone knew right away who he was referring to and they all agreed he would probably be the best man for the job. The next question out of the manager's mouth was "Okay, which one of you guys does he work for?" And no one said a word, but looked around the table at the other managers. "C'mon, he's gotta work for someone here." The manager said, and still there was no answer. Someone piped up, "Maybe he works for one of the office managers." Long story short Bob worked at the plant for over 15 years, collecting a paycheck each and every week. For the first five years he worked in a department that became obsolete and so people were moved around to other areas of the mill, except for Bob. He got lost in the shuffle and found himself floating here and there without supervision or anyone ever paying attention to him. He waited to see if he would still get a paycheck and when that happened he thought at the time, "Well, I wonder how long I can get away with this before someone notices?" How about 10 years folks of weekly paychecks coming in without ever having had to work a day in his life. When this came out it was the talk of the whole operations and even reached the president of the company who could only laugh at the whole situation. Nonetheless Bob was let go, but HR told them they had to offer him a good severance package because he was an employee after all for the full 15 years he was there, and it was not his fault he had nothing to do. Management should have caught it in the beginning. I'm 75 now and this happened when I was still a young man, and had pretty much forgotten about it all until I read the question and I could not hold back a big silly grin about a wonderfully silly memory of Bob. Thanks for the memory Shayne
Brains, Head, and Life: Have you ever had a job
 where you did nothing for
 years and nobody found out?
 Shayne Wyatt
 Answered Sep 22
 Once worked at a steel company and there used
 to be this guy with a clipboard and pen who
 would continually be in the stock area checking
 labels, boxes, pallets, shipping packages. His
 name was Bob and everyone liked him, he was
 personable, was into sports, just an all round
 nice guy who got along with everyone staff,
 managers, bosses, everyone. Bob had been with
 the company all of 15 years by then, and you
 have to understand, this was a large steel mill
 with a couple thousand people working
 throughout the three mills on the same
 property. Anyway, at a managers meeting a
 decision was made to have an employee look
 after a certain area of finished nails, screws,
 nuts and bolts. They were scratching their head

 about who had the brains to handle it. One of
 the managers said, "Why not Bob?" Everyone
 knew right away who he was referring to and
 they all agreed he would probably be the best
 man for the job. The next question out of the
 manager's mouth was "Okay, which one of you
 guys does he work for?" And no one said a
 word, but looked around the table at the other
 managers. "C'mon, he's gotta work for someone
 here." The manager said, and still there was no
 answer. Someone piped up, "Maybe he works
 for one of the office managers." Long story
 short Bob worked at the plant for over 15 years,
 collecting a paycheck each and every week. For
 the first five years he worked in a department
 that became obsolete and so people were
 moved around to other areas of the mill, except
 for Bob. He got lost in the shuffle and found
 himself floating here and there without
 supervision or anyone ever paying attention to
 him. He waited to see if he would still get a
 paycheck and when that happened he thought
 at the time, "Well, I wonder how long I can get
 away with this before someone notices?" How

 about 10 years folks of weekly paychecks
 coming in without ever having had to work a
 day in his life. When this came out it was the
 talk of the whole operations and even reached
 the president of the company who could only
 laugh at the whole situation. Nonetheless Bob
 was let go, but HR told them they had to offer
 him a good severance package because he was
 an employee after all for the full 15 years he was
 there, and it was not his fault he had nothing to
 do. Management should have caught it in the
 beginning. I'm 75 now and this happened when
 I was still a young man, and had pretty much
 forgotten about it all until I read the question
 and I could not hold back a big silly grin about a
 wonderfully silly memory of Bob.
 Thanks for the memory
 Shayne