“One of the other foundation principles is that one great person could easily be as productive as three good people. One great is equal to three good. If you really believe that, a lot of things happen. We try to pay 50 to 100 percent above industry average. That’s good for the employee, and that’s good for the customer, but it’s good for the company, too, because you get three times the productivity at only two times the labor cost.”
The Corner Office column from the New York Times is one of my favorite sources of business insights and leadership advice because it’s an inside look at what makes the best businesses tick. “Three Good Hires? He’ll Pay More for One Who’s Great,” an interview with Kip Tindell, the CEO of the Container Store, is incredibly insightful. Don’t miss the opportunity to sit down with one of the best! Click here to read the interview.
HR idiot 