October 26, 2021
I learned a simple and surprising way to hack the Great Resignation (the trend of workers leaving in droves).
Ready for it?
Pay them more. Say 15%.
Of course your first reaction may be, “I can’t do that.”
But what happens if people simply… leave?
Who will fill in that work?
How long will it take to a find new people?
What if you have to find those new people more anyway?
And how many customers will you lose if there’s a big disruption in your delivery?
Then how much does revenue go down?