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Crowdwork: Some of the largest and best-known examples of crowdwork platforms are Amazon Mechanical Turk (MTurk), People Per Hour and Figure Eight (previously CrowdFlower).

Costco traditionally sees low employee turnover (17% compared to Sam’s Club turnover of 44%), higher store productivity (Costco generated $21,805 compared with $11,615 at Sam’s Club in operating profit per U.S. hourly employee) and the lowest shrinkage (employee theft) figures in the industry.

It can either relate to the time that we might spend doing the job (such as a market rate per hour) or to the amount that we might need to sustain our basic needs (such as rent, food and clothing), sometimes referred to as a living wage.

The key is to prioritize (all) stakeholder value as opposed to shareholder value, per se.

Imagine your typical manager, coaching one of your 50%-60% “average” employees (as per “the curve”), who is upset about a 3% increase, which barely keeps up with inflation.

“One Company’s New Minimum Wage: $70,000 Per Year.”

We have grouped the following performance measures under the heading financial metrics to contrast with our analysis of the employee metrics: Earnings per share;Total shareholder return;Earnings or profitability;Net asset value or property-related metrics;Return on capital employed;Cash flow-related metrics;Revenue- or sales-related metrics.; Using this definition, financial metrics are universally used: 100% of the FTSE 100 companies that have analyzable data on performance-related pay have some form of financial metric in their performance-related pay plan (92 companies).

For example, per the 2023 European Directive , EU enterprises employing over 100 workers will soon be required to provide job applicants with position-specific pay range information, submit to government authorities periodic audits of gender/ethnic/racial pay gaps by job or pay level, make such reports accessible to employee representatives and — in certain situations — even to individual employees, and take steps to address gender pay gaps exceeding 5 percent.