It’s Only Common Cents…

Thanks to Jolie Lee, USA TODAY Network for the following (excerpted) story from October 2014:

Container Store employees make on average nearly $50,000 a year, CEO Kip Tindell says in his newly released book, Uncontainable.

That’s more than double the $23,690 average national salary ($11.39 per hour) of a retail sales worker, according to 2013 data from the Bureau of Labor Statistics.

Even by paying employees a higher salary, the Container Store is able to make money, Tindell told Business Insider. He says that he believes a great employee is three times more productive than just a good employee.

“You can pay them twice as much and still save, since you get three times the productivity at two times the cost,” Tindell, who is also the incoming chairman of the National Retail Federation, said in the interview.

Right on to Kip Tindell!! I don’t know what it is about this way of thinking that is so difficult to understand. Corporate Crusader.