Companies have an easy way to boost their financial performance: Hire the best employees at all levels of the company, invest in them, and retain them.
It sounds easy. But more than 51% of the Russell 1000 are not paying their employees a living wage. Why not? Because companies are pressured to reduce costs in order to return more money to shareholders and labor is the biggest “cost” for most companies. Unfortunately, this approach may actually depress returns to shareholders in the medium and long term.
