Integrity Moments - February 27, 2018

Pay Premiums

In the 1980s, I had talented friends who hated working for large organizations. But, their pay was higher than they could get elsewhere, so they stayed.

Today, small businesses have a more even playing field than 30 years ago. A study conducted by Nicholas Bloom, a Stanford economist, discovered that the pay premium for working at large organizations has dramatically declined.

In 1980, people working for a large firm received on average 47% more than working for a small business. In 2013, that had declined to only 20% more.

1 Chronicles 12:32 says about the sons of Issachar, that they were “Men who understood the times and knew what Israel should do.”

With the pay difference being much less, small businesses have a greater opportunity to hire talented people.

 

Learn more about Rick Boxx and Unconventional Business Network

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