It has been my personal experience that profits wisely shared with Wise Employees only serve to multiply profits.
Equally impressive is the fact that he’s done all that while paying his retail employees nearly twice the industry average.
According to Tindell’s book, “Uncontainable,” the average Container Store retail salesperson makes nearly $50,000 a year compared with what the Bureau of Labor Statistics says is a national average of just above $25,000.
In an interview with Business Insider’s Jenna Goudreau, Tindell says the secret to the company’s high wages is what he calls “the 1=3 rule,” meaning that one great employee will be as productive as three employees who are merely good.
As a result, Tindell feels he gets ahead by receiving three times the productivity of an average worker at only two times the cost.
“They win, you save money, the customers win, and all the employees win because they get to work with someone great,” he tells Business Insider.