Nonetheless, some argue that not every retail company would be successful offering its workers such high wages.
At Costco, hourly workers make an average of more than coyote calling contest st francis 20 an hour well above the eharmony gift certificate national average.39 for a retail sales worker according to a 2013 Businessweek story.
Businessweek reports that Costco's hourly employees earn more than 20 an hour.In addition, Businessweek reports that 88 of Costco's 185,000 employees have company-sponsored healthcare."I just think people need to make a living wage with health benefits CEO Craig Jelinek tells Businessweek.Costco is primarily focused on making everyone who works at one of the company's 663 warehouses happy.Last week, we wrote about The Container Store and its "1 3" theory, which says that one "great" employee is just as productive as three workers who are only "good.".Kip Tindell, the company's CEO and founder, says this rule allows him to pay his retail employees an average salary of nearly 50,000 a year almost twice the retail industry average.SEE also: Costco Is The Perfect Example Of Why The Minimum Wage Should Be Higher.
It's really that simple.".To that end, the company's turnover rate is a measly 5 for employees who have been there more than a year.The Container Store uses its high salaries to lure and retain elite talent.For employees who put in 40 hours per week, that works out to about 43,000 a year.In fact, the industry group The National Retail Federation has said that raising the minimum wage from its current.25 an hour pay would make it harder for stores to maintain current staffing levels.The idea is that a more pleasant workplace will lead to lower employee turnover and a more productive workforce.