Technology Magazine August 2022 | Page 49

TALENT , CULTURE & CHANGE

Did you hear about Dan Price , the man who decided to put his entire workforce , including himself , on US $ 70,000 as a minimum salary ? The outcry was widespread , with many in the corporate world mocking his gesture and claiming it was doomed to failure . Since then , though , Price has gone on to prove the naysayers wrong , going from strength to strength at his firm , Gravity . The bold move has gone from a PR stunt to a phenomenal act of business bravery and success .

While no one suggests this is a good idea for businesses to adopt , one thing that cannot be denied is the positive outcome it had on the culture at the company , as staff strived to better themselves without the spectre of financial anxiety consuming their every waking thought .
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