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?
Your best employees will be snatched away by other companies, offering them an onboarding package that takes care of the cost of moving. Your worst employees will be forced to stay with you.