Overworked Employee Quits Because He Wasn’t Getting A Fair Wage, Costs The Company $40 Million
Not paying your employees a fair wage can have disastrous consequences for the company’s bottom line. Some business owners realize this only when it’s far, far too late.
Redditor u/slw_motion_trainwrck opened up about how he quit his low-paying, exhausting IT job at a major multinational company… and how the day after he left work, the business lost $40 million. In three very extensive posts on r/antiwork, the redditor detailed exactly how this happened, and the read is absolutely riveting.
Scroll down for the full story and more details about why exactly the manufacturing company that makes components for the automotive industry lost as much money as it did, dear Pandas. It’s definitely worth your attention. You’ll see just how low companies go and how far from every promise is worth listening to if it’s not in writing.
Financial expert Sam Dogen, the author of ‘Buy This, Not That: How to Spend Your Way to Wealth and Freedom’ and the founder of Financial Samurai, was kind enough to share his opinion with Bored Panda on how to gauge if someone is underpaid.
“The best way to gauge if you are underpaid is to ask your colleagues and other people in your industry what they are getting paid. They might be hard-pressed to reveal their figures at first. Therefore, you can ask for a range and also volunteer your wage and ask for their guidance. Getting average wages for your job based on online websites is not too helpful given their numbers are averages and all over the place,” he told us that employees should ask around to see if they’re being paid a proper wage.
According to financial expert Sam, a good employee knows their value. “The more an employee is irreplaceable, the more valuable the employee is. Therefore, if you know that your business will run just fine without you for one month or longer, you may not be as valuable as you think,” he said. “On the other hand, if you feel your business will suffer if you’re out longer than a week, then you are considered more valuable. No manager wants to lose a valuable employee because it takes a lot of time to find and train a new employee.”
An IT specialist, who was very overworked and incredibly underpaid, decided that he wanted better work conditions
Image credits: Flipsnack (not the actual photo)