This CEO offers minimum wage of Rs 64 lakh, lets employees work from ‘wherever they want’ – Moneycontrol

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Dan Price claimed that he gets more than 300 applicants per job. (Image credit: @DanPriceSeattle/Twitter)

Dan Price claimed that he gets more than 300 applicants per job. (Image credit: @DanPriceSeattle/Twitter)

Dan Price’s bio in Twitter reads: “CEO just trying to stand up for the underdog.” And this CEO of credit card processing company Gravity Payments has claimed that the minimum salary of his employees is $80,000 (about Rs 64 lakh).

In a tweet, Price also said that his company lets people work wherever they want and also offers full benefits, paid parental leave, etc.

“We get over 300 applicants per job,” he said. “‘No one wants to work’ is a hell of a way of saying ‘companies won’t pay workers a fair wage and treat them with respect.'”

The tweet went viral with several Twitter users impressed with the fact that Price as a CEO appeared to respect his employees’ time and effort.

“In the 80s I was $9-11 per hour as a cook in restaurants. We could afford an apartment on Captitol Hill, Seattle. Even with the minimum $13-15 these days a worker cannot afford rent,” commented user Dave (@MMDPDave).

“Thanks for showing employers that you can pay well and maintain profitability.”

Read more: ‘Stop calling your company a family’: CEO’s LinkedIn post sparks debate

But, there were also others who found the position to be “too perfect” and questioned how the CEO of a company can afford to work with such margins.

“Seems too perfect an example. How old is said example? What do the P&L statements say about long term life of the business? Is the business still operational? Enquiring minds want to know details and effects of policies before deciding if the policy is ‘good’ or not,” wrote user Craig Gorsuch (@craiggorsuch).

Another user Garrett Gilman (@belisariusak) said, “Will check your status in two years. Most owners who attempt to lavish their employees find their cost of operation beyond affordable after just a few quarters, but hey maybe you exist in a market vacuum with no competition. Most people just expect too much for their low value skills.”

There were also owners of small businesses who had a few questions for Dan Price.

“Gosh I really like your mentality towards paying workers well, but it’s really hard for us smaller companies to get to this point. What advice would you have for owners of companies still finding their stride?” wrote Cantrip Candles (@CantripCandles).

“Your company can afford this, but many cannot,” commented Panthers Braves addict (@TomahawkClaw). “Don’t assume that every business that can’t find employees is low balling their applicants. It’s impressive that you can pay $80k, but you have a credit card processing company; this just goes to show how profitable your company is.”

Read more: This Indian origin CEO owns less than 100 personal items

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