Carts Before Horses
I'm asked, in reference to this, if It's not just the economics of employee retention that causes me act as I do with reference to pay and benefits. I was just talking with my General Manager and Controller about this very thing this morning. It's both, really. There's the goodwill, plus the business economics that indicate it's usually the best strategy because turnover and training can be very costly as well. I've always believed that this business could be done with reasonable benefits to employees. I also recognize that all industries are different, and I don't suppose to second-guess the business requirements of others, which is a peripheral reason for why I'm against any form of regulatory control over offering benefits of any kind, minimum wages, or working conditions. The market is perfectly suited to determine these things--not to mention that the government telling me what I can and can't do with my business, or taxing my business, is theft--but that's another subject altogether. But none of this really addresses my original point either, from the post cited above. Philanthropists are always hailed as great benefactors of society, especially if they didn't earn the money themselves; like an heir who...
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