Quoted from Beechwood:We raised starting wages for my employees this year from $16/hr to $21/hr. Yup, it took a 31% increase to get decent candidates, but it worked. And we charge 30% more for our products and services because of demand. Inflation is a brutal cycle.
$21 is the new $16. How long before the employees complain that they only make $16?
One thing I've noticed at the company I work at is that management has arranged some interesting revenue timing. After taking PPP a second time, there was a requirement to show reduced revenue for the quarter compared to the previous year. During that quarter we basically had no new contracts. The first day of the next quarter we suddenly had a bunch of contracts. Management spent the quarter teeing up new contracts but only executing them after the quarter ended so they could keep the PPP money and have all the business of new contracts...
Meanwhile our pay was frozen due to "the pandemic."
