In this episode of the Corporate Musclecast, Dave & Trent discuss the "people first" approach of two very different, and very successful, companies - payments firm Gravity Payments, and online shoe retailer Zappos.
Founded by two brothers in 2004, Gravity Payments shocked the world in 2015 by introducing a minimum salary of USD$70k for all employees, and reducing the CEO's own salary from $1.1m down to $70k. We look into the people outcomes that helped lock in engagement and more than triple the business to see payment volumes exceed $10Bn per annum in 2018.
Online shoe and accessories retailer Zappos, under the leadership of Tony Hsieh, took an equally employee-centric approach, from it's founding days in 1999 through to eventual $1.2Bn sale to Amazon in 2009.
Thank you to Dave for my generous gift of a bottle of Glenlivet 18yo for my 40th birthday (along with a gorgeous engraved Krosno decanter), which we discuss with tasting notes provided by the Master of Malt.
You can find Dave at:
Instagram: @SandgateAdvisors
LinkedIn: David Andrews
You can find Trent at:
Instagram:@Corporate_Muscle
LinkedIn: Trent J Daniel