Is it good employer strategy to pay my employees just enough so that they can’t save money, so that they can never walk away from the job?
Like, there is a threshold where if they are able to save X per month, they will eventually use that against you and quit at an inopportune time?
And if that threshold falls below state mandated minimum wage, what steps can be taken to mitigate this?
You’re paying for labor. If you’re the cheapest option retention will be poor, knowledge and experience will leave and your business will (and should) suffer.
Penny wise, pound foolish.
Pay peanuts get monkeys