I Think He is Onto Something

It was reported last week, that employees working at The Container Store have an average annual salary of $50,000 a year.

The average annual salary of an employee working in retail is $25,000.

I think Kip Tindell, CEO of The Container Store is onto something.

While money is only one factor employee satisfaction, being rewarded for hard work verbally and financially pays off for both the employee and the employer.

An employee who feels appreciated and respected by his or her employer will work harder and stay in the position longer. This creates less turnover and decreases the amount of time and money that the employer will have to spend on interviewing and training new employees.

Maybe if we had more CEO’s like Kip Tindell, our economy would be in a better place than it is now.

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